What’s next for IBC?
IBC's vision is to be the TCP/IP for blockchains.
To get there, IBC will develop along two strategic pathways: expansion and usability.
Expansion: connecting to more ecosystems.
Usability: better DevX and feature-rich cross-chain workflows.
🧵on 2024.
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This year, the ICF will provide $7.5M for development of the IBC Protocol, funding:
* IBC specifications
* ibc-go
* ibc-rs
* Hermes relayer
* ibc-apps
* Go relayer
* Interchain Test Framework
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The funding commitment was reached through a collaborative cross-team product roadmap process, including a public commentary period.
The resulting deliverables that ICF funded were those that the development teams and interchain community identified as high-priority for 2024.
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The IBC team at
@interchain_io
are the product stewards. They develop the specs and Go implementation.
For expansion, ibc-go will integrate with Rollkit & the OP Stack.
For usability, token transfer, ICA & middleware will be improved, & multi-channel atomicity will be enabled.
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@informalinc
develops Hermes relayer and ibc-rs.
Ibc-rs will expand its user base, connecting chains and rollups, including
@Namada
and
@sovereign_labs
.
Hermes will be modularised and become an SDK, making it easier to use its components to make relayers for new connections.
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@strangelovelabs
develop and maintain ibc-apps, Interchain Test & the Go relayer.
Interchain test will receive improvements and extensions to enhance usability. Also, the team will deliver ongoing support for apps like packet forward middleware, async queries & the Go relayer.
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While these three teams focus on core protocol developments, dozens of teams push IBC forward daily, independently of ICF funding.
These teams deliver novel use cases, middleware, applications, new implementations, and more.
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These are highlights of the exciting protocol updates to come in 2024, expanding the reach of IBC and facilitating heterogeneous blockchain interoperability.
Read the full scope of work for the ICF-funded teams for 2024 in the
@interchain_io
blog post.
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@IBCProtocol
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