Cosmos Exchange Osmosis Expands to Ethereum Assets With Gravity Bridge

Posted on by American Coins & Gold

Cosmos Exchange Osmosis Expands to Ethereum Assets With Gravity Bridge
Cross-chain decentralized exchange Osmosis is expanding its horizons with the launch of a new bridge that will enable trading for Ethereum-based assets.In a press release on Wednesday, Osmosis announced the Gravity Bridge, an inter-blockchain protocol (IBC) to Ethereum “translator” built by internet services provider Althea.To date, decentralized exchanges have largely expanded by deploying implementations of their contracts on alternative chains, with only a handful of projects – such as Thorchain and Ren – attempting to enable cross-chain asset swaps and unified liquidity pools.According to Osmosis labs co-founder Sunny Aggarwal, that expansion-by-redeployment has a number of clear drawbacks.“There’s two views of…