Celo taps Chorus One to build a bridge with Cosmos, paving the way for others
Celo taps Chorus One to build a span with Cosmos, paving the way for others
Celo is the latest blockchain network to strive for interoperability, with Chorus One receiving a grant to build a bridge between Cosmos and Celo.
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Celo has awarded a grant to staking service provider Chorus 1 for building a bridge facilitating interoperability between the Cosmos and Celo networks.
The proof-based bridge volition allow "bidirectional advice" betwixt Celo and Creation, allowing Celo'southward cUSD stablecoin to operate on the Cosmos network, and Cosmos-based assets including Cantlet, BAND, and KAVA to be held in the Celo Reserve.
According to a November. 19 annunciation, the partnership will lay the groundwork for building future bridges betwixt Celo and "chains like Polkadot, Near, and Solana."
Creation is besides working to build numerous cross-chain bridges, including with Ethereum, Polkadot and Kadena.
The post explains that work will be split between two service agreements, and will require the implementation of a "unique light client" on each blockchain.
The Interchain Foundation, a nonprofit foundation formed to support the development of Creation, volition fund a WASM-based Low-cal Customer to allow Cosmos to verify Celo transactions without undergoing a hard fork.
The Celo Foundation will likewise fund a Tendermint Light Client assuasive the Celo blockchain to verify signatures and block headers created both by Creation and Creation-SDK-based chains.
Celo's co-founder Marek Olszewski emphasized his conventionalities that the crypto sector will come to contain an interoperable ecosystem spanning many blockchain networks:
"Nosotros believe that the industry is not zero-sum, or winner takes all. In a future with many bondage, cooperation is necessary to realize our goal of a globally accessible and inclusive financial organisation. Nosotros view the implementation of cross-concatenation architecture as an act of Mutually Assured Evolution."
Cosmos and Celo are not only networks pursuing interoperability, with Nearly launching its Ethereum bridge and Ontology Neo and Switcheo unveiling their "interoperability protocol alliance," Poly Network, in Baronial.
In May, Chorus One was awarded a similar grant by the Web3 Foundation to build aspects of a bridge enabling interoperability between Substrate and Cosmos-SDK-based blockchains.
Source: https://cointelegraph.com/news/celo-taps-chorus-one-to-build-a-bridge-with-cosmos-paving-the-way-for-others
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