Glossary - ChicksX

Inter-Blockchain Communication Protocol (IBC) is a framework enabling different blockchains to communicate and transfer data or tokens.

Inter-Blockchain Communication Protocol (IBC) is a standardized protocol. It facilitates interaction and data exchange between different blockchain networks. By enabling interoperability, IBC allows blockchains to transfer tokens, data, and other digital assets securely and efficiently. It works by establishing a common communication layer. This ensures diverse blockchains can connect without needing direct integration. IBC is a key component in building interconnected blockchain ecosystems. It enhances scalability and flexibility. This protocol is particularly prominent in the Cosmos ecosystem, promoting multi-chain connectivity. Ultimately, IBC aims to create a more cohesive blockchain environment.