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Cosmos To Launch The Channel Upgradability Feature Soon

Twitter icon  •  Published il y a 9 mois  •  Hassan Maishera

The Cosmos team announced via Twitter on Friday that it would be launching its Channel Upgradability feature soon.

The Cosmos team announced via Twitter on Friday that it would be launching its Channel Upgradability feature soon. The move is set to foster a robust and sustainable interchain. 

Chains will have the ability to upgrade their existing IBC channels to unlock innovative features, such as the fee middleware, that brings on-chain fee incentivization for relayer operators, the team added. 

The Cosmos team further explained that Channel upgradability, combined with fee middleware, establishes the groundwork for a scalable and sustainable interchain.

Cosmos is a network connecting many independent distributed ledgers (e.g., Ethereum, Bitcoin) to achieve interoperability across blockchains. ATOM, the native token of Cosmos, is down by more than 1% in the last 24 hours and is trading at $9.168 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.