The Internet of Blockchains Communications (IBC), also known as Cosmos, has recently shared its 2024 roadmap, outlining its plans for the coming year. The ATOM price has not been impressive lately, but the new roadmap offers hope to the Cosmos community. Let’s explore what this roadmap has in store.
IBC 2024 Roadmap
Cosmos plans to focus on usability and scalability in 2024. The announcement of the roadmap highlighted that IBC has facilitated over 52 million transfers worth $29 billion across more than 100 chains since 2022. Now let’s take a closer look at the roadmap.
Usability and Scalability Plans
In terms of usability, the IBC teams aim to improve middleware by enabling multi-packet atomicity and enhancing the movement of arbitrary data alongside token transactions. They also plan to develop advanced cross-chain workflows on top of IBC and improve the developer experience for IBC users.
In addition, there are technical improvements planned to expand IBC in the coming year. This includes decoupling IBC-go from the Cosmos SDK, OP Stack integration, scoping generic IBC-go, and integrating IBC-rs with the Sovereign SDK for ZK rollup compatibility.
The roadmap’s scalability goals include reducing the time needed for native IBC implementation, lowering maintenance expenses, and enabling multiple blockchains to establish IBC connections.
Conclusion
The Cosmos roadmap focuses on user adoption, market strategy, clearing technical debt, and developer experience. The IBC protocol has the potential to revolutionize blockchain interoperability, and these plans could lead to significant growth for the network in 2024.
Furthermore, experts are optimistic about ATOM’s price in 2024 due to the increasing demand for cross-chain capabilities and the new roadmap. Currently trading at $7.15, the Cosmos community is bullish, with over 88% of users having a positive outlook on the project.
Hot Take: Cosmos IBC Roadmap Sets Ambitious Goals for 2024
The Internet of Blockchains Communications (IBC), or Cosmos, has unveiled its roadmap for 2024. With a focus on usability and scalability, the roadmap aims to enhance cross-chain interoperability and improve the developer experience. The IBC protocol has already facilitated millions of transfers worth billions of dollars, and these plans could lead to further growth and adoption in the coming year. Experts are optimistic about ATOM’s price in 2024, given the rising demand for cross-chain abilities and the positive sentiment within the Cosmos community. Overall, the IBC roadmap sets ambitious goals for the future of blockchain interoperability.
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