Inter-Blockchain Communication [IBC]

A protocol[2] that enables communication and interoperability[1] between different blockchain[3] networks.

Defined Terms
1. interoperability.

The ability of different systems, technologies, or software applications to seamlessly communicate, exchange data, and work together effectively.

2. protocol.

A set of rules that dictate how components will communicate with each other to navigate across network boundaries in a component-based system.

3. blockchain.

An encrypted digital record of transactions. The name comes from its structure, in which individual records, called blocks, are linked together in single list (or chain) using cryptography. Information held on a blockchain exists as a shared and continually reconciled database. Each block is protected with a timestamp and transaction date and link to the previous block.A decentralized and distributed ledger technology that securely records and verifies transactions across multiple computers or nodes, providing transparency, immutability, and trust.

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