Picasso Network and Ethereum Forge New Path in DeFi Interoperability

Picasso Network and Ethereum Forge New Path in DeFi Interoperability



In a groundbreaking collaboration with the Composable Foundation, the Picasso Network heralds a significant advancement in blockchain technology by integrating the Inter-Blockchain Communication (IBC) protocol with Ethereum. This innovative fusion paves the way for seamless asset and data transfers between the Ethereum blockchain and the Cosmos ecosystem, heralding a new era of cross-chain interoperability.



Henry Love, the Executive Director of the Composable Foundation, articulated the vision behind this initiative: "By bridging Ethereum with Cosmos via IBC and positioning Osmosis as the central liquidity nexus, we are charting a pioneering course in the DeFi landscape."



This endeavor strives to bolster bridge operation security and widen the horizon for liquidity and innovation across blockchain networks, reflecting the team's


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations

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