According to BlockBeats, Cosmos has announced the launch of a new cross-chain protocol named ValenceZone on June 18. ValenceZone is designed to facilitate unpermitted inter-chain collaboration, allowing chains, dApps, and DAOs to participate in economic relationships.
ValenceZone extends the scope of IBC cross-chain, making economic protocols possible. For instance, it can adjust the composition of funds or loan POL based on market conditions. This innovative protocol is expected to significantly enhance the functionality and efficiency of blockchain technology, providing a more seamless and integrated platform for economic transactions and collaborations.
The introduction of ValenceZone represents a significant step forward in the evolution of blockchain technology, offering a more flexible and inclusive platform for digital economic activities. It is anticipated that this new protocol will open up new possibilities for the integration and interaction of different blockchain networks, thereby promoting the growth and development of the digital economy.