๐Ÿ“š The Dawn of Interoperability: Bridging the Gap Between Two Crypto Titans

 

The Imminent Connection of IBC and EVM: A Leap Towards Seamless Data Transfers and Unified Crypto Liquidity


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High Rollers:

A significant milestone is on the horizon for the crypto community as we approach the integration of the Inter-Blockchain Communication protocol (IBC) and the Ethereum Virtual Machine (EVM).

This article explores the challenges and implications of this groundbreaking development, marking a new era of seamless data transfers and unified crypto liquidity.

Cheers,
The Rollup

๐–๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฌ๐จ๐จ๐ง ๐ซ๐ž๐š๐œ๐ก ๐ญ๐ก๐ž “๐ž๐ง๐๐ ๐š๐ฆ๐ž” ๐Ÿ๐จ๐ซ ๐ข๐ง๐ญ๐ž๐ซ๐จ๐ฉ๐ž๐ซ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐›๐ž๐ญ๐ฐ๐ž๐ž๐ง ๐ญ๐ฐ๐จ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐ฉ๐ซ๐จ๐ฆ๐ข๐ง๐ž๐ง๐ญ ๐œ๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ž๐œ๐จ๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ ๐จ๐Ÿ ๐จ๐ฎ๐ซ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐ž๐ซ๐š…

The crypto community has been hollering from the hills for this.

๐‘‡๐‘’๐‘๐˜ฉ๐‘–๐‘’๐‘ , ๐‘๐‘ข๐‘–๐‘™๐‘‘๐‘’๐‘Ÿ๐‘ , ๐‘š๐‘Ž๐‘Ÿ๐‘˜๐‘’๐‘ก๐‘’๐‘Ÿ๐‘ , ๐‘Ž๐‘›๐‘‘ ๐‘Ž๐‘™๐‘™ ๐‘ค๐‘–๐‘™๐‘™ ๐‘ ๐‘œ๐‘œ๐‘› ๐‘Ÿ๐‘’๐‘—๐‘œ๐‘–๐‘๐‘’…

Why, you ask?

Well anon, we are about to connect IBC <> EVM and enable seamless, chasm-crossing data transfers with the click of a button.

In today’s post, you’ll learn about the state of fragmented liquidity in crypto currently, difficulties of connecting EVM <> IBC, and how we are headed towards a fully connected future with the help of a few key pieces of tech ๐Ÿ‘‡

If you ask me, the ethos and alignment between @cosmos and @ethereum has always been there.

The principles of trustlessness, permissionless, censor-ship resistant technology are at the core ethos of both communities.

At all the events I’ve been, the Cosmos fam has shown up with extremely intelligent builders passionate about the @interchain_io, mirroring that of Ethereum.

So, what has been stopping this “collaboration” which we didn’t even realize we needed?

Well, for starters the technology hasn’t been there. We are just recently seeing teams tackle this issue with a secure POV.

๐‘Œ๐‘œ๐‘ข ๐‘๐‘Ž๐‘›’๐‘ก ๐‘—๐‘ข๐‘ ๐‘ก ๐‘๐‘™๐‘ข๐‘” ๐‘–๐‘› ๐‘Ž ๐‘๐‘Ÿ๐‘–๐‘‘๐‘”๐‘’ ๐‘Ž๐‘›๐‘‘ ๐‘’๐‘ฅ๐‘๐‘’๐‘๐‘ก ๐‘ก๐‘œ ๐‘ค๐‘œ๐‘Ÿ๐‘˜!

These ecosystems are almost like remote islands, or siloes. There’d been a ton of developer interest with Cosmos and similarly on Ethereum.

There had been concerns with these “spokes” security measures causing a downfall which would spill over into the other ecosystems.

Also, zk technology was just not there yet.

But, now it is…and there are some notable teams working on solutions as we speak.

๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ข๐ง๐ : @union_build ๐š๐ง๐ ๐ญ๐ก๐ž “๐ž๐ฒ๐ž๐ฌ” ๐จ๐ง ๐ญ๐ก๐ž ๐ž๐ง๐๐ ๐š๐ฆ๐ž, ๐œ๐จ๐ง๐ง๐ž๐œ๐ญ๐ข๐ง๐  ๐ˆ๐๐‚ <> ๐„๐•๐Œ.

Union network is a zk-based infra layer for general message passing and asset transfers. Its based on consensus verification and has no dependencies on trusted third parties, oracles, multi-signatures, or MPC.

The key core values of Union are centered around speed of bridging transactions, security via trustless designs, and easy to use APIs for devs.

๐‘†๐‘ก๐‘Ž๐‘ฆ ๐‘ก๐‘ข๐‘›๐‘’๐‘‘ ๐‘Ž๐‘›๐‘‘ ๐‘“๐‘œ๐‘™๐‘™๐‘œ๐‘ค @therollupco ๐‘“๐‘œ๐‘Ÿ ๐‘ก๐˜ฉ๐‘’ ๐‘ง๐‘˜๐ด๐‘๐‘Ž๐‘‘๐‘’๐‘š๐‘ฆ ๐‘๐‘œ๐‘š๐‘–๐‘›๐‘” ๐‘ ๐‘œ๐‘œ๐‘›!

The product of @union_build’s work so far is the Union Testnet comprised of: CometBLS, Galois, and Voyager.

CometBLS: improvement of Tendermint with increased bridging times, and cheaper relayers (Voyager).
Voyager: a fully functional stateless relayer.
Galois: an efficient zero-knowledge prover.

This testnet is the most recent initiative for @union_build which involves connecting IBC <> EVM, facilitating connection of two previously independent blockchains that will soon be fully interoperable with each other.

Union is focused on building light clients on both sides of the bridge based on (non)membership proofs and header verification via ZK proof.

TLDR on light clients below ๐Ÿ‘‡

Composability and interoperability are two critical aspects of a blossoming blockchain world. By connecting EVM and Cosmos, Union Protocol gains seamless interaction of smart contracts across the two ecosystems and can facilitate cross-ecosystem transfers of many types (NFTs, data, cryptoassets, etc.)

This “endgame” has far-reaching implications. It signifies a future where @cosmos and IBC are no longer isolated from the economic activity and liquidity of Ethereum, and EVM.

This has the potential to lead to more complex, yet highly secure, DeFi primitives that we’ve yet to see.

The best part?

Future users will never know this is happening. They will have a streamlined experience from start-to-finish all powered by the magic of zero-knowledge proofs โœจ

@union_build is taking strides that embody the future of our ecosystem as a whole:

๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐š๐›๐ฅ๐ž, ๐ญ๐ซ๐ฎ๐ฌ๐ญ๐ฅ๐ž๐ฌ๐ฌ, ๐ฌ๐ž๐œ๐ฎ๐ซ๐ž, ๐š๐ง๐ ๐ฉ๐ž๐ซ๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง๐ฅ๐ž๐ฌ๐ฌ ๐ญ๐ซ๐š๐ง๐ฌ๐Ÿ๐ž๐ซ ๐จ๐Ÿ ๐š๐ฅ๐ฅ ๐๐š๐ญ๐š, ๐š๐ฌ๐ฌ๐ž๐ญ๐ฌ, ๐š๐ง๐ ๐š๐ง๐ฒ๐ญ๐ก๐ข๐ง๐  ๐จ๐ง๐œ๐ก๐š๐ข๐ง.


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Avatar photo About the author: We help you explore DeFi onchain w/ foolproof education & relevant research to give you an edge. Focused on L2s. Scaling to mass adoption one block at a time๐Ÿ™

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