Cosmos Intergalactic IBC Part 2: How to use IBC?

Bywire - Claim your free account nowBywire - love news, hate ads?

The most recent addition to the Cosmos ecosystem DEX’s is Emeris. Emeris was built by the Cosmos development team and while it is still in the early stages of functionality, is intended to be a major part of the Cosmos ecosystem using the Cosmos Gravity Bridge to move sovereign tokens from one chain to another and provide liquidity through the use of liquidity pools, much like Osmosis. Emeris roadmap indicates that is intends to be the first one-stop portal to provide integrated wallet and multi-wallet support, access to multiple DeFi trading platforms, staking on multiple chains and a mobile wallet app. Emeris also aims to have a fiat on-ramp in the near future, removing the need for CEX fiat on-ramps and sending your coins from exchanges to wallets and around the ecosystem.

The last thing you will need to do to get started using the IBC will be to have a compatible wallet to hold your coins in self-custody. The recommended wallet is Keplr wallet (cloud wallet) and linking it to Ledger (physical USB wallet). It is the most secure way to store the private keys to your tokens. Another wallet which is very popular is Cosmostation which has a mobile app as well as a PC app. Once you have yourself setup with a wallet and have transferred your tokens to your wallet, the Cosmos is your oyster.

I’ll be deep diving into more chains and aspects of the Cosmos ecosystem over the coming weeks and months so subscribe if you haven’t already to keep up to date with everything Cosmos

Comment & Earn!

Share your thoughts and opinions on the topics covered within this blog in the comments below for your chance to win yourself an NFT. Click here for more information on our engagement rewards.

Discord | Twitter | Youtube

Bywire will email you from time to time with news digests, stories & opportunities to get involved. Privacy

Bywire - Claim your free account nowBywire - love news, hate ads?