Hello everyone. Happy Thursday.
24 Aug 2023, 16:00
Hello everyone! Happy Thursday!
As experienced Cosmos users, we're familiar with the Inter-blockchain Communication protocol, IBC. But what if IBC could enable smart contracts to communicate and define their own packet standards without chain upgrades? This means more flexible, powerful interchain communication and enhanced smart contract capabilities across chains.
Guess what? This will soon become a reality on Evmos! āļø How? Through...
šŖ Dynamic IBC šŖ
Key aspects of Dynamic IBC include:
š¦ Customized Packets: Smart contracts define packets, no need for chain upgrades. Packets hold sequence, source, destination, and data, enabling interactions across chains.
š Cross-Chain Composability: Smart contracts not only communicate but also compose with other chains. Packet data triggers logical steps, boosting composability via the Outpost model.
š Utilizing IBC Protocol Components: Dynamic IBC uses IBC protocol elements for precise communication between diverse chain states. Modules and smart contracts are incorporated, packets move through channels for smooth cross-chain interaction.
š Interoperability with Various VM Frameworks: Dynamic IBC extends beyond EVM chains, aiming for seamless integration with VM frameworks like CosmWasm, Solana and Polkadot, fostering a dynamic ecosystem for smart contract collaboration.
Dynamic IBC is just one of many features EVM Extensions will introduce!
Watch this space! š