🚨 Upgrade Alert 🚨
The highly anticipated V15 Sodium Upgrade has finally arrived.
It brings with it the ProtoRev Module, Governance implementations, IBC upgrades, and much more.
Let's take a closer look at what's in store: 🧵
3/ Including dYdX chain, and with teams working to enable IBC on Avalanche, Polkadot, NEAR, and others, potentially even Ethereum – Osmosis will be there to welcome new users, developers, and protocols to the Internet of Blockchains.
What is Osmosis Zone?
1/ Osmosis is the premier cross-chain DeFi hub. As the liquidity center and primary trading venue of Cosmos – the open, emergent ecosystem of sovereign Layer 1s connected with the Inter-Blockchain
2/ Communication protocol (IBC) – it is the access point for the wide world of appchains, the gateway to the interchain. As IBC continues to explode – with more than 50 blockchains connected and dozens more in development,
3. Cryptocurrencies are tokens as well; however, the key difference is that two cryptocurrencies from the same blockchain are interchangeable—they are fungible. Two NFTs from the same blockchain can look identical, but they are not interchangeable.
What Is a Non-Fungible Token (NFT)?
1. Non-fungible tokens (NFTs) are assets that have been tokenized via a blockchain. They are assigned unique identification codes and metadata that distinguish them from other tokens.
2. NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. For instance, you could use an exchange to create a token for an image of a banana. Some people might pay millions for the NFT.