Composable Finance, a parachain of the Polkadot ecosystem, has successfully taken on a leading role in blockchain interoperability. The trailblazing team has effectively stretched the horizons of the Inter-Blockchain Communication (IBC) protocol to successfully connect Polkadot, Kusama (DotSama) and Cosmos. IBC is rightfully regarded and proven to be one of the most efficient and secure methods of cross-chain communication that has previously only been utilized within Cosmos. Thanks to the work of Composable, IBC is now being utilized on Composable’s Picasso parachain, representing the first instance of IBC as a cross-ecosystem communication protocol.
Earlier this year, Composable’s Centauri, which represents the company’s IBC expansion efforts, successfully connected Polkadot and Kusama. With its latest launch, the Cosmos ecosystem now joins this interconnected blockchain environment.
“With the launch of these Centauri connections, we are catapulting ourselves into the future of blockchain interoperability,” said pseudonymous “0xbrainjar,” founder and CEO of Composable. “We are shaping an environment where any user can access all blockchains as they coexist and collaborate seamlessly through trustless technology — it’s the dawn of a new age.”
Composable’s latest milestone reflects the potential of unifying the liquidity, user base and functionalities of the Polkadot and Cosmos ecosystems. This unprecedented initiative minimizes trust dependencies and has opened the doors for Cosmos chains to interact effortlessly with Polkadot and Kusama parachains. In order to achieve this, Composable has pooled the talents of many teams and partners to work in harmony, enabling them to make significant progress in the design and deployment of requisite infrastructures.
Now, the novel IBC connections stand tested, implemented and realized, ensuring full compatibility of DotSama with the Cosmos ecosystem. A new era dawns as the Cosmos, Polkadot and Kusama (DotSama) chains now seamlessly converge under a trustless architecture, building the foundation for the concept of Composable Finance’s vision of: Any money, any chain, anywhere.
Now, as Composable sets its sights on future growth, the focus shifts toward harnessing the potential of the IBC protocol even further to form connections between dynamic blockchain ecosystems like NEAR and Ethereum. The ripple effects of Composable’s continued development in interoperability will likely extend beyond the DeFi sphere, potentially spurring mass adoption of blockchain technology by dismantling the barriers between disparate ecosystems.
About Composable and Picasso
Composable Finance is dedicated to improving the accessibility, efficiency and security of the blockchain industry. The team aims to do this by pioneering innovative Web3 user experiences in a trustless, noncustodial and decentralized manner. Composable’s technology stack enables and combines key services across different DeFi ecosystems and protocols, such as Ethereum, Polkadot, Kusama, Cosmos and the NEAR protocol.
Picasso is Composable’s layer-1 blockchain acting as an infrastructure layer to pioneer interoperable DeFi solutions, with a native token named PICA, available at the Pablo DEX. Picasso is equipped with a robust set of novel DeFi primitives that are built as modular pallets. These pallets are designed to attract liquidity from the broader DeFi landscape while promoting interoperability between various ecosystems.
Contact
Ahmad Wehbi, chief operating officer, Composable Finance