More about Cosmos, IBC
CosmWasm smart contracts, combined with the Inter-Blockchain Communication (IBC) protocol, allow developers to create more advanced and sophisticated dApps.
IBC is a generic protocol, which enables the transfer of value and data between different blockchains in a secure and trustless manner.
CosmWasm can leverage IBC as a communication layer to create powerful cross-chain dApps.
CosmWasm contracts on two different blockchains can communicate via standard protocols (ICS20 for token transfer, ICS27 for cross-chain contract calls), or develop their custom protocol for their unique use-case (like Mesh Security).
This enables multi-chain oracles, where smart contracts can access data from multiple sources, and even use data from other blockchains to trigger actions on their own chain.
It provides secure inter-chain governance, where multiple chains can be governed by a single smart contract, allowing for cross-chain decision-making and coordination.
And it allows novel cross-chain composition, like a Lending Protocol autonomously liquidating on a DEX located on another chain.
CosmWasm smart contracts with IBC bring many possibilities for dapps, providing trustless, secure, and customizable cross-chain interactions.
The only limit is your imagination.
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