The yr 2022 was not an excellent yr for Cosmos and its imaginative and prescient of inter-blockchain communications (IBC). The collapse of the Luna ecosystem (the most important protocol on Cosmos on the time), pressure between co-founders and a fall within the token’s value all forged a shadow on its future prospects. That stated, initiatives corresponding to dYdX and cross-chain oracle protocol Seda proceed to name the community dwelling and are adamant about its IBC imaginative and prescient.

Presently, Seda says it allows over 12 million information feeds throughout 24 networks. In an interview with Cointelegraph at EthCC Paris, Jasper de Gooijer and Peter Mitchell, co-founders of the Seda protocol (previously referred to as Flux), mentioned the significance of oracles in cross-chain bridges and the way they shield the worth they allow.