Share this article
Cosmos Gains Interchain Accounts as Upgrade Kicks In
The upgrade known as Hub Theta adds several features, including the ability for blockchains to control accounts on other networks.
Updated May 11, 2023, 5:29 p.m. Published Apr 14, 2022, 1:33 p.m.
An upgrade to the Cosmos blockchain network known as Hub Theta went live yesterday, developers confirmed.
- The upgrade brings interchain accounts, a feature long-awaited by the Cosmos community. These allow blockchains to change data on another supported blockchain.
- Other features of the upgrade are updated versions of Cosmos SDK – a developer framework – and the Inter Blockchain Communication (IBC) protocol, which allows users to transfer crypto assets between supported blockchains.
🔊 Cosmos Hub Theta upgrade ✅
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) April 12, 2022
Congratulations to the Cosmos developers and validators for a successful and smooth upgrade which brings:
👉SDK v0.45.1
👉#IBC v3.0.0
👉Interchain Accounts
Learn more a/ Interchain Accounts and their role in the Interchain https://t.co/Y4nPvc3z55 pic.twitter.com/996b7ABQB2
STORY CONTINUES BELOW
- Interchain accounts allow users to give permission to an application running on one blockchain to perform an action on another. This requires the blockchains to set up a mutual interchain account and be based on either Cosmos SDK or Tendermint, protocols used to replicate and launch blockchain applications.
- The feature is a step ahead of IBC, also a Cosmos innovation.
- “In a traditional framework, the end-user would log into an interface representing chain A and pass an asset to chain B via an IBC transaction,” Cosmos developers explained in a post. “The user would then be required to log into another interface, this time representing chain B, and complete the remainder of the product flow.”
- “With an Interchain-native product model, a user can complete the entire flow within a single, streamlined user experience where chains pass sets of instructions and execute transactions under the hood — all without the user ever having to leave the first interface,” they wrote.
- While blockchains are robust and immutable stores of data, they cannot communicate with each other. Networks like Cosmos work on this problem and aim to allow users to access several different blockchains from a single interface.
- ATOM, Cosmos’ native token, was up a nominal 1.2% in the past 24 hours, CoinGecko data shows. The tokens have lost 7% since last week amid a broader market decline.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
NFT Project Pudgy Penguins Takes Over Las Vegas Sphere in Holiday Campaign
The NFT brand’s animated segments will air on the Sphere across Christmas week, signaling the crypto company's move into real-world consumer markets.
What to know:
- Pudgy Penguins will run an ad campaign at the Las Vegas Sphere during Christmas week, one of the few crypto brands to secure a spot at the high-profile venue.
- The NFT project, which launched on Ethereum in 2021, has expanded into physical toys and digital gaming as part of a broader consumer push.
- Pudgy Penguins briefly overtook Bored Apes in floor price earlier this year and recently launched its PENGU token on Solana, now trading on major exchanges.
Top Stories
