Cosmos released a new proposal: plans to enable IBC transfers

Rhythm BlockBeats news, according to official sources, Cosmos released a new proposal to enable IBC transfers. This proposal allows the use of the ICS20 standard on the Cosmos Hub to transmit and receive assets. If the proposal is passed, the Bank of the Cosmos Hub will There will be IBC assets in the module and ATOM will be used in the IBC-connected area.

Iqlusion believes that IBC technology is stable enough for small value transfers. IBC is a protocol for passing authenticated messages between heterogeneous sovereign blockchains, requiring trust that the chains at both ends of the connection operate within its security model.

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