Fireblocks Enhances Support for Cosmos Ecosystem
Fireblocks, a prominent player in offering blockchain solutions, has recently expanded its support for the Cosmos ecosystem, enabling institutional access to the ‘Internet of Blockchains.’ This move signifies a significant step in facilitating seamless interaction within the Cosmos network through Fireblocks’ robust infrastructure.
The Decentralized Universe of Cosmos
- Cosmos comprises a decentralized network consisting of numerous interconnected blockchains, all operating on Cosmos technology, an open-source platform.
- Often termed as the ‘Internet of Blockchains,’ Cosmos stands as the second-largest blockchain ecosystem, trailing only behind Ethereum.
- The primary objective of the Cosmos network is to address critical challenges in the blockchain industry, such as scalability, user experience, and interoperability.
- The IBC Protocol serves as the backbone, enabling direct communication between various blockchains within the Cosmos ecosystem.
Comprehensive Support Offered by Fireblocks
- Fireblocks now provides institutional clients with access to a range of top appchains within the Cosmos network, fostering seamless engagement with the ecosystem.
- Supported appchains include Cosmos Hub (ATOM), Osmosis (OSMO), Celestia (TIA), dYdX (DYDX), Axelar (AXL), Kava (KAVA), Injective (INJ), and Thorchain (RUNE).
- With Fireblocks’ secure custody services, customers can safely store these tokens, participate in decentralized finance activities, and explore staking opportunities within the Cosmos ecosystem.
Upcoming Initiatives by Fireblocks
- Fireblocks is committed to further expanding its support for Cosmos by integrating additional blockchains into its platform to enhance the user experience.
- Expected additions to the supported blockchains include Sei (SEI), Noble (USDC), and Berachain (BERA), offering users a diverse range of options within the Cosmos ecosystem.
- In the following weeks, Fireblocks plans to release detailed insights through blog posts, highlighting the comprehensive support offered for various Cosmos blockchains.
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