“Internet of blockchains, ” Cosmos now builds a cross chain DEX for IBC enabled blockchain, to assist transaction of crypto between independent blockchain.
Comos’ JBC went live on March 29, it has been in development for five years.
112 Million votes were in support of its activation via community governance.
Its already working on decentralized exchange supporting cross-chain functionality.
IBC facilitates new applications for fungible and non-fungible tokens between chaings.
Cosmos’ native token, ATOM, has trended upon announcement.