Set to launch Tuesday, the network would allow trading of assets from different blockchains without middlemen or synthetic “wrapped” substitutes.
Tendermint enters the decentralized exchange arena with the ambitious goal of creating a one-stop DEX for trading any and all coins.
Tendermint says the fund will be the largest investment vehicle for the Cosmos ecosystem.
Allowing tokens to zip between chains could open up opportunities in decentralized finance; a service on one network could lend an asset from another.
Anchor was originally slated for an October launch, but the team pushed that back to late November. With the countdown showing on its website, this could really be it.
The vision of "one network, many chains" could be fast approaching.
How Cosmos, the blockchain interoperability project that turned a small ICO into a thriving ecosystem, survived the breakup of its founding team.
Chainlink will help the state-backed Blockchain-Based Service Network with oracles, and Cosmos-powered Irisnet will assist with interoperability.
Blockchain interoperability project Tendermint has raised $9 million in a Series A funding round led by tech-focused VC firm Paradigm.
Blockchain app specialist Tendermint is in the early stages of launching a public blockchain that could find it issuing tokens.