Inter-Blockchain Communication (IBC) or inter-blockchain communication. One of the main features of the protocol announced in EOSIO, on the basis of which EOS, WAX, ULTRA and some other blockchains are created, and now this feature is being developed in other 3.0 blockchains such as COSMOS, Polkadot, etc.

Interoperability between different blockchains will be the next major step in the development of cryptogaming and the entire crypto community as a whole. WAX is attempting to take the lead in this direction and has already begun active efforts to create a platform that is compatible with all popular blockchains. But so far only with Binance Smart Chain.

What is it all for?

At the moment, you can only transfer your NFTs within the network in which the asset was created. This means that you are very limited in choosing a wallet, trading platform and interacting with other users. Imagine that you can collect all NFTs in one place, regardless of their origin, and trade them without worrying about which blockchain this or that item was created on. Makes life a lot easier, doesn't it? The WAX ​​team is currently developing just such a platform.

As a result, developers want to create the largest protocol network where users can seamlessly cross-chain exchange and interact with their assets on any blockchain.

What to expect in the near future?

The first step in implementing the WAX ​​plans should be a workable bridge with the Binance Smart Chain (BSC). This link will already allow users to effortlessly trade their items between the 2 networks, regardless of their original protocols.