HomeNewsCoreum Unveils XRPL Bridge: Empowering Cosmos and XRPL Ecosystems with Smart Tokens

Coreum Unveils XRPL Bridge: Empowering Cosmos and XRPL Ecosystems with Smart Tokens

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  • Coreum introduces Smart tokens with embedded programmability for advanced applications.
  • Emphasizing interoperability, Coreum uses the IBC Protocol for seamless asset transfers and integrates ISO 20022 for enhanced transactions.

Coreum has now revealed the XRPL Bridge. This project introduces the idea of Smart Tokens, which promise to greatly improve the capabilities of the XRPL and Cosmos ecosystems, according to Cosmos X’s official account post.

Coreum, designed to revolutionize corporate operations and digital asset management in a decentralized, regulatory-friendly environment, stands out thanks to its CosmWasm-based architecture, as formerly reported by ETHNews.

Innovative Smart Tokens 

Recently, Coreum has introduced “Smart Tokens,” which transcend traditional digital assets by embedding programmable features such as whitelisting, freezing, and burning directly at issuance. This breakthrough facilitates complex applications like tokenization and programmable currencies, elevating blockchain functionality to unprecedented levels.

Coreum emphasizes interoperability, achieved through integrating the Inter-Blockchain Communication (IBC) Protocol. So, this enables smooth asset transfers across various blockchain protocols, linking over 100 chains and promoting a unified, open blockchain ecosystem, as ETHNews earlier indicated.

Coreum addresses the critical need for privacy and compliance with an optional on-chain Know Your Customer (KYC) feature, ensuring adherence to regulatory standards while protecting user privacy.

The adoption of the ISO 20022 messaging standard at the protocol level further boosts Coreum’s interoperability and transactional ease, marking a pioneering move in the blockchain space. The following video provides a deeper look at this development, giving you more insight.

Fostering Connectivity with the XRPL Bridge-Coreum

The XRPL Bridge-Coreum exemplifies Coreum’s dedication to expanding and connecting ecosystems. This bridge makes it easier for the Cosmos and XRPL ecosystems to work together.

It does this by supporting advanced DeFi features, cross-chain transactions, and smart logic development. This increases Coreum’s power and promotes working together to make cross-chain dApps.

Meanwhile, the price of Cosmos’ native token, ATOM, which was the 45th largest cryptocurrency by market value at the time of this writing, had risen by more than 7% in the previous four weeks to $11.27.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: [email protected] Phone: +49 160 92211628