The Cosmos IBC’s leading Omni-Chain Dex, where you can swap, stake, and bridge between Ethereum and Cosmos with faster transactions and lower fees.

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Sifchain

Cornucopias, a Cardano-focused play-to-earn (P2E) game, has announced the launch of the very first BSC-to-Cardano bridge in a <a href="https://twitter.com/CornucopiasGame/status/1587110191031541761">recent tweet</a>. &nbsp;The bridge was developed in partnership with ChainPort, &nbsp;a permissionless crypto bridge that claims to offer custodial-level security.Users are not able to seamlessly port their COPI tokens from BSC to Cardano. They are required to have a minimum of 5,000 COPI tokens in order to be able to conduct the transfer.Input Output, a research, and development company that focuses on Cardano, also contributed to developing the bridge solution, as per the announcement.Just like bridges in the physical world, blockchain bridges make it possible to connect different cryptocurrency ecosystems by facilitating communication between them.Last June, Cardano launched its first cross-chain bridge with the Nervos blockchain in order to ensure interoperability between the two platforms. In September, Input Output created a Cardano-to-Ethereum bridge solution in partnership with Bondly. &nbsp;In August, a Sifchain-powered bridge linking Cardano and Cosmos went live, unlocking new opportunities for the participants of these ecosystems.Earlier this year, it also became possible to <a href="https://u.today/cardano-ethereum-usdc-bridge-is-already-live-heres-how-to-use-it">bridge USDC</a> from the Ethereum blockchain to the Cardano network. &nbsp;Cardano Outreach described the launch of the BSC-to-Cardano bridge as a “huge development” for the ecosystem. &nbsp;Earlier this month, BSC was drained of roughly $500 million after the attacker managed to forge artificial withdrawal proofs. An upgrade was swiftly introduced in order to fix the issue following the hack. &nbsp;About the author&nbsp; Alex Dovbnya Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.&nbsp;

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U.Today

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First-Ever BSC-to-Cardano Bridge Goes Live

<div id="content"><div><div><div id="primary"><div><div><div><div>&ndash; Advertisement &ndash;<a rel="nofollow noopener" target="_blank" href="https://bit.ly/3uvm777"><img fifu-featured="1" alt="" title="" width="728" height="90" data-src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png" src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png"></a></div>Cardano will soon be connected to Cosmos.On Wednesday, a tweet from Cardano Daily, a dedicated Twitter handle for Cardano news, reveals that Cardano will soon have a bridge with Cosmos.&ldquo;Coincidentally, I have mentioned in a tweet that Cardano needs a bridge to another ecosystem, and the cosmos &ndash; Cardano bridge supported by Sifchain was released right after,&rdquo; Cardano Daily tweeted.COSMOS CARDANO BRIDGE &nbsp; Coincidentally, I have mentioned in a tweet that <a rel="nofollow noopener" target="_blank" href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw">@Cardano</a> needs a bridge to another ecosystem, and the <a rel="nofollow noopener" target="_blank" href="https://twitter.com/cosmos?ref_src=twsrc%5Etfw">@cosmos</a> &ndash; Cardano bridge supported by <a rel="nofollow noopener" target="_blank" href="https://twitter.com/sifchain?ref_src=twsrc%5Etfw">@sifchain</a> was released right after. Let&rsquo;s discuss about this bridge.&#127881; &nbsp;<a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/bridge?src=hash&amp;ref_src=twsrc%5Etfw">#bridge</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw">#cardano</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/cosmos?src=hash&amp;ref_src=twsrc%5Etfw">#cosmos</a> <a rel="nofollow noopener" target="_blank" href="https://t.co/pqTwIIzRvE">pic.twitter.com/pqTwIIzRvE</a>&mdash; Cardano Daily (@cardano_daily) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/cardano_daily/status/1554852249339416585?ref_src=twsrc%5Etfw">August 3, 2022</a>Sifchain, Omni-Chain Dex on Cosmo providing Swapping, staking, and bridging between Ethereum &amp; Cosmos responded quickly to launch a proposal for voting to proceed on Cosmos Cardano Bridge.The snapshot on the Cardano Mainnet to be eligible to vote in <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/ProjectCatalyst?src=hash&amp;ref_src=twsrc%5Etfw">#ProjectCatalyst</a> Fund 9 is TODAY, August 4. Make sure your ADA is delegated to be eligible!Sifchain&rsquo;s proposal for a <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/CosmosCardano?src=hash&amp;ref_src=twsrc%5Etfw">#CosmosCardano</a> bridge: <a rel="nofollow noopener" target="_blank" href="https://t.co/O2h1b8VrqD">https://t.co/O2h1b8VrqD</a> <a rel="nofollow noopener" target="_blank" href="https://t.co/vGXfT2JXdU">https://t.co/vGXfT2JXdU</a>&mdash; Sifchain (@sifchain) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/sifchain/status/1554989996905562113?ref_src=twsrc%5Etfw">August 4, 2022</a>Notably, the bridge will give both chains access to new liquidity markets and token-based economies while allowing Cardano users access to an ecosystem of blockchains, dApps, assets, and utilities through Cosmos, popularly called the &ldquo;internet of blockchains.&rdquo; The Cosmos ecosystem currently boasts $4.2 billion in staked crypto assets, $200 million in monthly cross-chain transactions, 40 chains, and thousands of dApps.However, it is worth noting that the bridge has not been well received by several members of the Cardano community who feel it is poorly timed. One user noted that it is too early to focus on interoperability as it could not be determined which chains would thrive in the long run, saying that the focus now should be on security, scalability, and governance.What if focusing on interoperability is putting the cart before the horse since it&rsquo;s nearly impossible to determine which (of the 1000s) of chains are worth interoperating with at such an early stage? The focus should first be on security, scalability &amp; governance. In that order.&mdash; Pleas Lucian (@pleaslucian) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/pleaslucian/status/1554929229325901826?ref_src=twsrc%5Etfw">August 3, 2022</a>It is not surprising that the Cardano community is skeptical about the launch of a bridge, as network bridges are often targeted by hackers leading to several users losing their assets. The <a rel="nofollow noopener" target="_blank" href="https://thecryptobasic.com/2022/06/24/axie-infinity-parent-company-to-refund-users-who-lost-money-during-ronin-hack-ronin-to-restart-in-4-days/">Ronin bridge hack</a> in March is a clear example, as hackers made away with over $550 million in Ethereum and USDC.It is worth noting that the Cardano community is currently focused on the long-anticipated Vasil hard fork, which was expected in July but had to be delayed after new bugs were observed in testing. Notably, Input Output Global (IOG) chief Charles Hoskinson has <a rel="nofollow noopener" target="_blank" href="https://thecryptobasic.com/2022/08/02/cardano-founder-discusses-why-vasil-fork-delayed-says-nomore-waits-as-things-that-could-go-wrong-have-gone-small/">assured</a> users that he does not expect further delays, noting that developers are in the final stages of testing.The upgrade is expected in a matter of weeks and promises to improve the network&rsquo;s scalability and usher in over 1000 dApps. At the time of writing, Cardano&rsquo;s native token ADA is trading at the $0.5051 price point, with a positive 0.04% change in price in the last 24 hours and 0.84% change in the last seven days.&ndash; Advertisement &ndash;</div>Source: https://thecryptobasic.com/2022/08/04/bridge-linking-cardano-and-cosmos-coming-in-a-push-towards-interoperability/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=bridge-linking-cardano-and-cosmos-coming-in-a-push-towards-interoperability</div></div><h2>Post navigation</h2></div></div></div></div>

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Bridge Linking Cardano And Cosmos Coming In A Push Towards Interoperability

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<a href="https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920.jpg" data-caption=""><img width="696" height="464" src="https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920-696x464.jpg" srcset="https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920-696x464.jpg 696w, https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920-300x200.jpg 300w, https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920-768x512.jpg 768w, https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920-1024x683.jpg 1024w, https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920-1068x713.jpg 1068w, https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920-630x420.jpg 630w, https://cryptomode.com/wp-content/uploads/2018/06/code-1839406_1920.jpg 1920w" sizes=" 696px) 100vw, 696px" alt="CryptoMode Crypto Coding Safemoon Developer Activity" title="CryptoMode Crypto Coding Safemoon Developer Activity"></a>
<a href="https://cutt.ly/Cryptomode"><img src="https://cryptomode.com/wp-content/uploads/2020/12/BCPR-Buzz-GIF.gif"></a>The cryptocurrency industry can be ranked in various ways. Rankings by market cap remain the most popular method, although the developer activity is also worth paying attention to. Cardano, Kusama, and Polkadot have taken a strong lead over the rest of the pack, which is rather interesting.
<h3>Crypto Developer Activity Soars In 2021</h3>
It is always good to see developers and coders contribute to existing cryptocurrency and blockchain projects. However, keeping the code up-to-date and making adjustments or improvements is crucial in an ever-changing industry. While one would expect the currencies ranked by market cap to have a similar status among developer activity, that is far from the case.&nbsp;
First of all, <a href="https://cryptomode.com/why-has-the-price-of-bitcoin-skyrocketed/">Bitcoin</a> is nowhere in the top 15 for developer activity throughout 2021. That is somewhat surprising, although the project has been around the longest of them all. Even so, Bitcoin can use many improvements and additions to maintain its dominant market leader moving forward. There is plenty of upkeep for the world&rsquo;s leading cryptocurrency, but less so than a lot of other projects throughout 2021.&nbsp;
Instead, the leader projects by developer activity are Cardano, Kusama, and Polkadot. That is a rather interesting top three, although it also makes much sense. Cardano has undergone some big changes throughout 2021, and Polkadot &ndash; and by extension, Kusama &ndash; began introducing parachain slots. Nevertheless, all ecosystems are checking off significant milestones lately, and there is still more to be done.&nbsp;
What is remarkable is how close these three projects are close together for developer activity throughout 2021. There is little activity separating all three, confirming these teams are hard at work quarter over quarter. Moreover, they have inched out a substantial lead over Ethereum, Gnosis, and Solana. Very intriguing statistics that confirm there is more to individual projects than their market cap may indicate.&nbsp;
<h3>What About DeFi?</h3>
The year 2021 has been rather interesting for <a href="https://cryptomode.com/ada-finance-wins-best-defi-project-of-the-year-at-aibc-summit-roger-ver-joins-as-investor/">decentralized finance</a> for numerous reasons. Hundreds of projects and protocols came to market, and dozens disappeared as quickly. It is a very competitive yet volatile space where users still have many issues and concerns. Some projects have achieved a status of &ldquo;legitimacy,&rdquo; whereas others are still laying out their foundation today.&nbsp;

The Most Developed Cryptos on <a href="https://twitter.com/github?ref_src=twsrc%5Etfw">@Github</a> in 2021 &#128640;
According to <a href="https://twitter.com/santimentfeed?ref_src=twsrc%5Etfw">@Santimentfeed</a>, <a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw">@Cardano</a>, has become the most developed project in the industry, followed by <a href="https://twitter.com/kusamanetwork?ref_src=twsrc%5Etfw">@Kusamanetwork</a>, and <a href="https://twitter.com/Polkadot?ref_src=twsrc%5Etfw">@Polkadot</a>. 
&#128073;<a href="https://t.co/gjKPmOazyB">https://t.co/gjKPmOazyB</a> <a href="https://t.co/JHXmWSe0YS">pic.twitter.com/JHXmWSe0YS</a>
&mdash; CryptoRank Platform (@CryptoRank_io) <a href="https://twitter.com/CryptoRank_io/status/1477975325300645895?ref_src=twsrc%5Etfw">January 3, 2022</a>

Per Santimant, <a href="https://defichain.com/">DeFiChain</a> is the leader DeFi project for developer activity throughout 2021. It is a prominent protocol that has not made too many media headlines. However, its users seem happy with how things are progressing for the project, including its high throughput, Turing-incomplete security, and ease of deployment of DeFi applications. Its network is anchoring to the Bitcoin blockchain for additional security.&nbsp;
Other DeFi projects noting strong developer activity include Mdex, Sifchain, UMA, Pancakeswap, Synthetix, MakerDAO, and others. All of these names are somewhat established in the space already, indicating new protocols and services will face a steep uphill battle.&nbsp;
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Cardano Tops The 2021 Developer Activity Charts Ahead of Kusama And Polkadot

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