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.-

So can i confirm IBC works by creating imaginary tokens

on the other chain and locking the original tokens on the origianl chain?

#atom #blockchain #cryptocurrency #english
0

5 ответов

10 просмотров
Johnny-B

That’s generally how bridges work but IBC does more than just token exchanges, it is not an atomic-swap protocol: arbitrary cross-chain data transfer and computation is supported.

0
24.09.2021
Johnny-B

You can read a lot more at https://ibcprotocol.org/faq

0
24.09.2021
.- Автор вопроса

what does it mean in layman terms?

0
24.09.2021
Johnny-B

Mmm the easiest way to describe it is to compare it to TCP/IP Cosmos works in much the same way, connecting blockchains like the internet connects the server that host websites. And IBC works like TCP/IP, making sure that messages are being delivered with a system of relayers that exchange packets of information that hold the state of the blockchain

0
24.09.2021
Johnny-B

Basically each chain sort of carries a small file or “header” that carries a small list of information from each chain performing a transaction between the relayers, it does sort of mint an imaginary token but it’s a packet of information that is kept on the other blockchain

0
24.09.2021

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