Blockchain
By Steven Anderson
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Cosmos (ATOM) Made Simple
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Cosmos have announced Stargate Upgrade for Cosmos Hub. Good things take time (or) second time is a charm.
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The communication between one blockchain and another takes place through bridges, side chains, state channels, and swaps.
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The sooner the Stargate goes live, a governance vote is on the dice to switch on inter-blockchain communication (IBC) which is expected to take two weeks to finalize.
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There have been several kinds of bridges which work standalone on the blockchains, but Stargate is marking a new era of compatibility.
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The BNB coins reportedly represent the most value in the ecosystem, but Binance have stated, “We will not be able to join the Stargate timeline to support the IBC.
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When all is set Cosmos would have made it easy for blockchains to exchange value back and forth.
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Andy Nogueira, Software Developer at Cosmos Ecosystem, tried to explain Cosmos by stating, imagine a world with big oceans, great lakes, and small ponds but no way to transfer…
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Yet others added to the explanation stating, or a world with isolated rail roads and similar travel across these segmented paths.
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Apparently, we'll see its arrival sooner rather than later, if recent announcements and proposals are anything to go by.
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