Interchain Accounts is the biggest upgrade to Cosmos since Stargate
The Inter-Blockchain Communications protocol (IBC) enables an entire blockchain to control an account on a separate chain. It is the largest software upgrade to the Cosmos ecosystem since Stargate. To date, there are 38 projects utilizing IBC, including Terra, Crypto.org Chain and Gravity Bridge, with 8.4 million transactions in the past 38 days.
With Interchain Accounts, one blockchain can access the application features of another blockchain, such as staking, voting, swapping tokens, etc. “Enabling composability in IBC allows innovation in distinct applications to be deployed without needing to upgrade the entire Interchain.
