EQS-News 125 0 Kommentare Advanced Blockchain AG: Portfolio company Composable successfully launches ETH-IBC mainnet enabling cross-chain transfers from Ethereum to Cosmos for the first time - Seite 2

“As the first team to successfully connect Cosmos to Ethereum via IBC, we have achieved a pioneering breakthrough in cross-chain interoperability, fulfilling the biggest milestone of our promise we made in 2021 to bring the highest level of security to bridging,” Henry Love, the executive director of the Composable Foundation said in a statement.

To date, Composable's bridging solutions have reported a volume exceeding $80 million, highlighting the impact and relevance of these interoperability solutions. By channeling Ethereum's substantial capital to other blockchains, not only is liquidity unlocked and collaboration between various ecosystems fostered, but a revenue share is also granted to Composable through transaction fees, thereby further stabilizing their business.

For transactions from Ethereum to Cosmos, Composable will implement a charge of a $20 gas fee. Similarly, for transfers from Cosmos to Ethereum, the fee structure consists of $20 plus a 0.4% transaction fee.

Moreover, the roadmap includes an additional connectivity to Solana, further broadening the horizons for asset interoperability and seamless transactions across major blockchain networks. This step forward signifies a significant leap towards a more interconnected and versatile blockchain ecosystem which will likely also increase the volumes bridged via Composable’s tech stack.

Both the Advanced Blockchain Management team as well as the Composable Management team will be attending the TOKEN2049 conference this month in Dubai.

About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive network of analysts, developers, programmers, economists, and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovating in different ecosystems and markets of the industry.

For more information about Advanced Blockchain AG, its various projects, and investments, please visit https://www.advancedblockchain.com/.