The Cosmos-Cardano Bridgepowered by Peggy two. and Sifchain, a multi-chain DEX on Cosmos that lets swaps, staking, and bridges amongst Ethereum and Cosmos, at the moment in growth.
COSMOS CARDANO BRIDGE
Coincidentally, I outlined in a tweet that @Cardano want a bridge to yet another ecosystem and @cosmos – Cardano Bridge is powered by @sifchain was launched shortly thereafter. Let’s go over this bridge.
#bridge #cardano #cosmos pic.twitter.com/pqTwIIzRvE– Cardano Daily (@cardano_everyday) August 3, 2022
Cross-chain bridge engineering will serve as the implementation of the bridge amongst Cosmos and Cardano (by way of its EVM compatibility layer) and it hopes to open up new cross-chain options amongst these two ecosystems. . Cosmos is generally dubbed the “internet of blockchains,” consequently the move to raise its interoperability with Cardano.
As it stands, it seems like “security” will be at the forefront of the project’s mission following the latest Nomad Bridge hack.
Cardano’s network utilization spikes
According to Cexplorer, network utilization for Cardano spiked up to 95% on August three, following applying its blockchain capability. This is very likely due to some addresses interacting with the network following latest occasions in the crypto room, this kind of as the most current Solana multi-million wallet hack.
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Cardano has faced important criticism in the previous, most of which concern its comparison to a ghost chain. However, Cardano continues to submit numbers that counter the ghost chain.
In an work to raise transaction throughput, IOHK greater the block dimension restrict twice this yr to permit for additional transactions per block. The block dimension greater from 64KB to 80KB, and then even further to the latest 88KB. Larger block sizes can suggest additional transactions can match into a block, so rising consumer capability.
The variety of Plutus scripts on Cardano has passed the three,000 mark, in accordance to information from Cardano Blockchain Insights.