The Wormhole Foundation has recently launched a new application-specific blockchain (appchain) into the Cosmos ecosystem. It is the first appchain connecting liquidity and users from over 20 blockchains to any Cosmos application.
This is accomplished by integrating with the Inter-Blockchain Communication Protocol (IBC), enabling users to bridge funds to any Cosmos appchain without extra fees.
Appchains are blockchains built on existing ones or explicitly designed for use within a particular application or organization.
This launch aims to expand accessibility within the Cosmos ecosystem, simplifying the integration of assets from Ethereum, Solana, and various other chains.
The newly introduced blockchain has been named Gateway, which will streamline the process for developers and users to onboard tokens onto any Cosmos chain. According to the official announcement, its primary objective is to foster the growth of the Cosmos ecosystem by driving liquidity and facilitating seamless token
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