Kava to integrate IBC in next major software release, positions itself as the DeFi hub of Cosmos

Kava to integrate IBC in next major software release, positions itself as the DeFi hub of Cosmos

The Kava team has revealed that it will integrate the Inter-Blockchain Communication (IBC) protocol of Cosmos blockchain in its next major software upgrade. The move would allow Kava to enjoy faster code execution and higher throughputs through Cosmos’s Stargate upgrade.

IBC was released by Cosmos blockchain today. The protocol is a key aspect of the network’s overall vision, which is to allow seamless interoperability between Cosmos and other blockchains. IBC enables the transfer of value and information across decentralized networks.

Kava is not just the first DeFi platform based on the Cosmos infrastructure. Upon integration, it will become the first project to utilize the composability of IBC in bringing DeFi to all Cosmos projects. Kava is reinforcing its position at the decentralized finance hub for Cosmos-based blockchains.

Commenting on the recent development CEO and founder of Kava Labs Brian Kerr explained:

Before the adoption of IBC can happen, we need to do a robust set of internal testing and review to ensure it interacts with the Kava blockchain as intended. Once this is performed, Kava is excited to release the integration of IBC with its next major upgrade.

Beyond IBC, Kava also revealed that it will roll out other upgrades in the coming months. There are plans to introduce an Autonomous Market Making (AMM) service later this year. However, an even close upgrade is the expected release of the HARD Protocol Version 2 by the end of February.

Check our guide of the most promising crypto

Read more

Bitcoin Entrepreneurship through Regulatory Sandboxes and Government Initiatives

Bitcoin Entrepreneurship through Regulatory Sandboxes and Government Initiatives

As the potential of Bitcoin and blockchain technology becomes increasingly apparent, governments worldwide are recognizing the importance of fostering vibrant startup ecosystems to drive innovation and economic growth. By implementing initiatives such as incubators, accelerators, and regulatory sandboxes, governments can create supportive environments that encourage the development and growth of

By John Williams
Pandora Chain: A Strong, High-Performance Public Blockchain Needed for Large-Scale Web3 dApps

Pandora Chain: A Strong, High-Performance Public Blockchain Needed for Large-Scale Web3 dApps

The advent of blockchain theory aims to mitigate the constraints of centralization in Web2 applications, allowing developers worldwide to create scalable applications while returning data and privacy rights to users. Achieving this vision necessitates robust infrastructure support, with the cornerstone being the construction of a high-performance public blockchain. Web2 Lacks

By John Williams