JUST IN: Harmony Protocol $ONE has just announced it has successfully completed building a bridge between COSMOS and Harmony protocol on the local testnet.
What is $ONE ? Harmony protocol is trying to become an interoperable Layer 2 solution for Ethereum. Interesting that more and more blockchain projects are embracing $ATOM IBC protocol solution for interoperability standard.
Is a big migration from Ethereum happening in front of our eyes and are projects starting to migrate to Cosmos? Is appchain the future?Short answer: YES!
We've predicted this 1 year ago this will start happening and now adoption of $ATOM has never been bigger than today.
Why are projects embracing Cosmos interoperability solution? Short answer is because it is the only battle tested interoperability solution that was never frozen, hacked or had any issues. Every month billions of $ flow through IBC protocol on $ATOM.
DeFI & Global financial infrastructure lacks interoperability solutions. This is also a reason why CBDC's aren't developed yet.
Could an answer to this lie in $ATOM's IBC protocol solution? Maybe
Bellow I have attached a picture that summarises how many funds were lost due to bad interoperability practices aka bad bridges. As you can see more than 1,3B$ were lost in bridge hacks just this year (2022).
All roads lead to INTERNET OF BLOCKCHAINS $ATOM