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Cross-chain token transfers live on the Cosmos Hub The highly anticipated cross-chain communication technology, Inter-Blockchain Communication (IBC), is live on the Cosmos Hub as of Monday at 8:45 am UTC. The Cosmos Hub is the first-ever blockchain to have a permissionless and open source cross-chain token transfer protocol. On Monday, the Cosmos community celebrated the event by sharing exciting news about what this means for the Cosmos Hub and what ATOM holders should expect in the near future. The Cosmos ecosystem now comprises 200+ chains (and growing!) with almost $80 billion in collective market capitalization, while multiple cross chain bridges are being developed for the Cosmos Hub, including the Ethereum-Cosmos bridge for which the Althea team just announced the completion and test of the first transaction of the Cosmos-based token (ALTG) to the Ethereum test (Goerli) using Althea Gravity. But did you know IBC isn’t only for Cosmos projects? It is the foundation for an Internet of Blockchains that allows sovereign blockchains to transfer digital assets (tokens) and data between one another. #Cryptocurrency

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