The Inter-Blockchain Communication Protocol (IBC) is a groundbreaking open-source solution that helps to achieve interoperability among disparate chains, managing communication and asset transfer between two different blockchains.
Humans.ai is using IBC to address the challenge of enabling communication between various blockchains, introducing a trustless framework for securely exchanging data, messages, and tokens.
Humans.ai is also leveraging Osmosis, Cosmos’ automated market maker (AMM), to strengthen the interoperability and mobility of digital assets within the broader Cosmos ecosystem.
One of IBC’s key strengths lies in its ability to facilitate communication between different chains, creating a synergy that goes beyond the individual capabilities of each blockchain. It achieves this by providing a protocol that natively integrates with chains built on Cosmos SDK, allowing for natural interoperability.
IBC stands out as a versatile solution that can be tailored to particular specifications while maintaining compatibility with a wide range of chains. Notably, IBC eliminates the need for a vulnerable third party by enabling users to trust the chains they are already using. This is achieved through direct and secure implementation, even in Byzantine environments where relayers may be faulty or malicious.
At its core, IBC comprises two essential layers: the Transport, Authentication, and Ordering (TAO) layer, and the Application layer.
Crucial to the functionality of IBC is the role of Relayers, serving as the physical connection layer. These off-chain processes relay data between chains running the IBC protocol. Relayers scan the state of each chain, construct appropriate datagrams, and execute them on the opposite chain as permitted by the protocol.
In this system, multiple relayers can serve one or more channels to facilitate communication between chains. Each side of the connection uses the light client of the other chain for quick verification of incoming messages, ensuring a secure and efficient exchange of information.
The Inter-Blockchain Communication Protocol emerges as a pivotal tool for the future of blockchain technology, providing a standardized and secure method for chains to communicate. With its emphasis on trustless interactions and adaptability, IBC sets the stage for a new era of collaboration and innovation in the blockchain space.
Many existing automated market makers (AMMs) are confined to the operational scope of their native blockchains. Despite available workarounds, this limitation hampers the development of a truly chain-agnostic AMM capable of executing transactions seamlessly across diverse networks. Moreover, the features of AMMs can exhibit significant variations, often hardcoded into the protocol. This results in a rigid infrastructure that struggles to adapt swiftly to the dynamic demands of an ever-changing market landscape.
Developers, regrettably, find themselves constrained with minimal flexibility to alter key parameters, such as swap fees and token weights, let alone more intricate values like the curve algorithm or Time-Weighted Average Price (TWAP) calculation, which are fundamental to the infrastructure. This lack of adaptability poses challenges in meeting the evolving needs of the market, urging a reconsideration of the inherent limitations within current AMM architectures.
Osmosis is an AMM developed on the Cosmos network that leverages the power of the Inter-Blockchain Communication protocol for cross-chain transactions. Due to its clever design and approach to technology, this protocol enables enhanced levels of interoperability and composability.
Distinguishing itself from the majority of existing AMMs, Osmosis stands out for its exceptional customizability. Developers have the flexibility to harness a multitude of adjustable parameters, empowering them to craft uniquely tailored AMMs that dynamically align with various outcome goals. This adaptability is pivotal, as it allows for the creation of custom AMMs that swiftly respond to evolving market conditions.
Osmosis facilitates the design and deployment of custom AMMs, empowering developers to rapidly adapt to market fluctuations. This approach places decision-making in the hands of market participants, enabling them to determine the most optimal outcomes rather than relying solely on the protocol itself. Osmosis, therefore, emerges as a pioneering solution, addressing the demand for customizable and responsive automated market makers within the blockchain landscape. Paired together with the Inter-Blockchain Communication Protocol, Osmosis helps address a critical challenge in blockchain asset interoperability — the absence of efficient cross-chain communication.
To sum up, Cosmos operates as a comprehensive network of interconnected blockchains. The pivotal role of the Inter-Blockchain Communication protocol within this intricate network is paramount, as it facilitates the frictionless transfer of both data and digital assets among the diverse blockchains inhabiting the expansive Cosmos ecosystem.
As a member of the Cosmos ecosystem, the Humans.ai blockchain seamlessly utilizes native IBC relayers to facilitate the smooth transfer of tokens. This strategic utilization underscores the commitment of Humans.ai to employ the latest technologies to achieve interoperability, interconnectedness, and asset mobility.
To access an in-depth guide on how to use Humans.ai and Osmosis, click the following link: 👉https://docs.huginn.tech/hermes-relayer-guide/humans