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Cosmos launches IBC 1.0 implementation candidate version to prepare for the entire ecosystem upgrade

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The IBC of Cosmos has entered the final countdown stage.

Rhythm BlockBeats news, on December 16, Cosmos issued a document announcing the launch of the candidate version of IBC 1.0 implementation. Since the IBC update earlier this year, the IBC team at Interchain GmbH has been working hard to finalize a 1.0-compliant implementation in the Cosmos SDK, the team said.

About a month ago, the team completed the 1.0 implementation milestone. The final audit patch was recently finalized and merged, which means that IBC is now ready for the upcoming upgrade of the entire ecosystem.

After the update, the final feature additions were focused on meeting the needs of early IBC applications and providing Paving the way for future upgrades of the two blockchains themselves. This candidate version has several highlights:

Asynchronous confirmation;

High extraction and upgrade support;

Version negotiation solution;

Governance mode client recovery;

cross-chain transfer denomination tracking;

Packet delay period per connection;

Determined identifier selection;

Two phases of Stargate IBC rollout.

Once the upgrade is done on the Cosmos Hub, anyone can create IBC clients, connections and channels, but It is also not possible to transfer tokens between Hubs using IBC's Token Transfer Protocol (ICS 20). Central governance must change proposals via a second parameter in order to activate cross-chain transfers, and it is up to governance to decide when they are ready to do so. Once activated, IBC transfers are completely permissionless.