IRISnet Has Enabled IBC Transfers & Completed the 1st Cross-Mainnet Token Transfer with Cosmos Hub

IRISnet
IRISnet
Apr 2 · 2 min read

On April 1, IRISnet mainnet has enabled Inter-Blockchain Communication (IBC) transfers. Currently, IRIS Hub has already completed the 1st cross-mainnet token transfer with Cosmos Hub through IBC.

The governance proposal to enable IBC transfers on IRIS Hub was submitted on March 27. After 5 days of community voting, the result has come out on 2021–04–01 13:05:20 UTC, which is “Passed”. The participation of this voting is 59.17%, among which 99.99% are “Yes”.

As the proposal planned, cross-chain transferring and receiving assets using IBC on IRIS Hub has been available. Now IRIS Hub can support the interchain token transfers with Cosmos Hub and other networks connected over IBC. There is no doubt the interchain era has begun and the cross-chain ecosystem is growing at a rapid pace.

At present, IRIS Hub has completed an IBC transaction with Cosmos Hub. It is worth emphasizing that this is the first token transfer between mainnets via IBC.

The 1st IBC Transfer between IRIS Hub and Cosmos Hub

IBC Transfer Tx:
https://irishub.iobscan.io/#/tx?txHash=49DA97A14672EC6FC51E08B56532B348D32CA2EE6869445416006F14FDBD4AB4
https://cosmoshub.iobscan.io/#/tx?txHash=C28C4C41F13579441CCA9FF8FE6FBC7C0B891721C1CC981B3BA29A3C2E7BB3FA

The enabled IBC and the successful cross-chain transaction between mainnets mark a far-reaching milestone that the application of cross-chain technology has already entered into a brand new era. And this momentous achievement will bring more liquidity and possibility to IRIS Hub as well as Coinswap module.

Enable IBC Transfers on IRIS Hub On-chain Governance Proposal has been submitted

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IRISnet Blog

IRISnet is an interchain service Infrastructure supporting distributed business aplications

IRISnet Blog

IRISnet is an interchain service Infrastructure and protocol supporting distributed business aplications.

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IRISnet

IRISnet is the foundation for next-gen DApps. Built with Cosmos-SDK, IRIS Hub enables cross-chain interoperability while providing modules to support DeFi.

IRISnet Blog

IRISnet is an interchain service Infrastructure and protocol supporting distributed business aplications.