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Ethereum IBC Launch Sequence: We have deployed to Mainnet!
April 08, 2024
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The result of a great deal of developmental effort has been realized: Ethereum, the original home of DeFi, is now officially connected to the IBC and the mainnet launch is here!

Through IBC, Ethereum can now connect seamlessly with Cosmos, Solana (soon), Polkadot, Kusama, and even more chains in the future, in a manner that optimizes for security and convenience. This connection marks another important step forward towards delivering Composable’s vision for IBC everywhere and a completely interoperable DeFi landscape, a vision which is growing closer to reality every day.

Full Mainnet Launch — ETH IBC Phases

What does this mean?

In order to make sure that the roll-out is smooth, we are taking a Two-phased approach.

Phase One Beta:
Mainnet beta release. In this release, the IBC connection is fully deployed to Ethereum linking the Cosmos and Ethereum Ecosystems. Transfers will be limited by implementing a rate restriction.

Users can now transfer any asset from the Cosmos to Ethereum, and any asset from Ethereum to Cosmos.

The Ethereum IBC connection currently operates with a Groth16 SNARK circuit specialized in verifying signatures of the Ed25519 signature scheme. Our proving times stand at 2 minutes, thanks to Rapid SNARK, an accelerated prover software.

The ownership of the IBC contracts deployed on Ethereum for Picasso is presently held by a team multisignature wallet, with plans to transition control to PICA governance in the forthcoming release. This decision reflects the unprecedented nature of implementing IBC for the first time on Ethereum, emphasizing the need for a stable initial launch. Updates regarding any contract upgrades will be shared in our Discord community.

Phase V2:

Mainnet full release of IBC on Ethereum. We are currently integrating Succinct Lab’s TendermintX ZK Tendermint light client circuit, designed for verifying signatures using the Ed25519 signature scheme (of the Picasso Cosmos chain). This integration aims to enhance the efficiency of relaying costs and accelerate client update speeds on Ethereum.

Also, the ownership of the IBC contracts deployed on Ethereum will transition to PICA governance on the Picasso Cosmos chain.

What can users do?

The integration of Ethereum with Inter-Blockchain Communication (IBC) is set to be a fully permissionless endeavor, marking a significant advancement in the blockchain space. Anyone can set up a client, connection, and channel to connect. This means that the process will not require permission from any central authority.

While the protocol is entirely permissionless, for optimized efficiency and stability after launch — we have only chosen the most common assets in the Ethereum and Cosmos eco, as options on the Front End. This curated selection allows users to easily choose from approved visible assets for their transactions, streamlining the process while maintaining the flexibility and openness inherent in permissionless systems. This approach not only enhances user experience but also ensures the integrity and security of cross-chain interactions within our ecosystem during phase one of the release. In the future, we will remove the restriction on the front end.

Ethereum Assets

  • ETH
  • USDT
  • DAI
  • CRV
  • wBTC
  • stETH
  • rETH
  • crvUSD
  • FRAX
  • FXS
  • frxETH
  • sfrxETH
  • sFRAX
  • pxETH
  • PEPE
  • eETH
  • ezETH
  • USDe
  • ENA

Cosmos Assets:

  • PICA
  • OSMO
  • ATOM
  • stATOM
  • stTIA
  • milkTIA
  • KUJI
  • SHD
  • SILK
  • SCRT
  • STARS
  • STRD
  • INJ
  • BLD

Fees

For transactions from Ethereum to Cosmos, we implement a charge of a $20 gas fee. The strategy involves waiting for 30 transfers before performing a client update; if this condition is not met, we proceed to update every 20 minutes. This is faster and cheaper than competition.

Similarly, for transfers from Cosmos to Ethereum, the fee structure consists of $20 plus a 0.4% transaction fee. The same approach of waiting for 30 transfers applies, with updates scheduled every 20 minutes if the transfer condition is not fulfilled.

We will be hosting a Team Twitter AMA

Wednesday 12pm ET

Recording here👉 https://twitter.com/i/spaces/1rmxPMqpVqqKN

We will be hosting a Twitter AMA Space dedicated to the ETH IBC launch. This interactive session is the perfect opportunity for our community to dive deep into the details of the launch, explore its implications, and ask any questions they might have. Whether you’re curious about the technical intricacies, potential use cases, or just want to learn more about how this launch can benefit you, this AMA Space will serve as an invaluable platform for direct dialogue with our team.

Join us to gain insights, share your thoughts, and be part of the conversation that shapes the future of our project.

What to look forward to

The launch of Ethereum IBC will open a new era of interconnectedness and mutual benefit for Ethereum and other IBC-enabled ecosystems such as Cosmos, Polkadot, Kusama and soon Solana, with more chains expected to join in the future. This innovative integration paves a wave of new users and liquidity, seamlessly flowing between these diverse blockchain platforms.

This opens up new use cases for IBC-compatible tokens, allowing assets from one ecosystem to be utilized in the DeFi landscapes of others. For instance, tokens originally from Cosmos, Polkadot, Kusama, and eventually Solana will gain access to Ethereum’s vast DeFi ecosystem. This not only increases the utility and incentivization for holding and using these tokens but also contributes to the growth and expansion of Ethereum’s influence in the cross-domain DeFi space.

Looking ahead to the integration of Ethereum with the Inter-Blockchain Communication (IBC) protocol, there are several exciting developments to anticipate. Key among these is the creation of liquidity pools and a diversity of collateral types, which are set to enhance the decentralized finance (DeFi) landscape significantly. This integration promises to catalyze cross-pollination between ecosystems, fostering innovation and expanding the range of DeFi applications and services. Moreover, the roadmap includes eventual connectivity to Solana, further broadening the horizons for asset interoperability and seamless transactions across major blockchain networks. This step forward signifies a significant leap towards a more interconnected and versatile blockchain ecosystem.

Transferring Assets: A Brief Guide

To facilitate the transfer of assets between Cosmos and Ethereum, simply follow these steps:

  1. Access the transfer interface: mantis.app.
  2. Ensure you have all the necessary and compatible wallet(s) connected.
  3. Select both the source and destination chains (i.e. Osmosis (Source) and Ethereum (Destination).
  4. Initiate the transfer: select the amount and token you wish to transfer.
  5. Confirm the transaction: review the details of your transfer, including the network fees and estimated arrival time. Confirm the transaction in your wallet.

Important notes:

  • Rate Limits: Currently, the IBC connection allows a maximum of $200k per hour for the channel.
  • Feedback and Support: We highly encourage users to report any issues or feedback through our Discord ticketing and support process. Your input helps us optimize the IBC connection and user experience.

Summary

Now that Ethereum IBC is launching on mainnet, users will be able to take advantage of all of the benefits of IBC when performing cross-chain operations to and from Ethereum.

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Revolut Leak Shows the Cost of Constant ID Collection
Revolut’s mistake is the news, but the bigger problem is the growing number of companies being encouraged or required to keep copies of our most sensitive identity documents.

Online bank Revolut has revealed that it gave out sensitive personal and financial information of an undisclosed number of its customers in response to a fake government request.

The information that was handed over to an “unauthorized third party” reportedly includes names, dates of birth, occupations, addresses, phone numbers, account numbers, transaction histories (including Bitcoin), and even copies of government-issued IDs and onboarding verification selfies.

Revolut claims that derived biometric face data was not.

The company said that the data was handed over in response to an email that came from a real government agency’s domain, but was not actually sent or authorized by that agency.

The email passed several authentication checks (SPF, DKIM, and DMARC) that are designed to establish the authenticity of a message’s origin and integrity, but do not verify the legitimacy of the legal request itself.

Revolut said that it complied with the request “under the reasonable belief that it was an authentic government agency request” – and only later found out that it was not.

Revolut said it later realized its mistake, blocked the email address, and reported the incident to the relevant authorities.

Revolut said that only a “limited” number of its customers were affected by the data leak, and that the company’s systems were not hacked, nor was any money stolen.

The story broke on September 11 when Revolut customers started receiving an email notice about a data leak, and the news was picked up by media outlets the following day.

Revolut notice explaining customer identity and financial data was shared after an unauthorized government email request.

The reason this is a recurring problem is that companies are keeping highly sensitive information about their customers’ identities, and sometimes even financial transactions, for a long time, and this data is then available to be disclosed to third parties – either in response to valid legal requests, or, as in the case of Revolut, fake ones.

One reason for this is know your customer (KYC) and anti-money laundering (AML) rules. Revolut’s current UK customer privacy notice spells it out: the company generally keeps personal data of UK customers for no more than seven years after the relationship ends, and sometimes longer – for legal reasons.

This means that even if you close your account, your identity documents don’t disappear.

And while the incident with Revolut happened in the financial sector, it’s by no means the only one that requires customers to hand over sensitive identity information. Discord, a popular chat service, said in an October 9, 2025 security update that government ID photos of approximately 70,000 users may have been exposed after a third-party customer service provider got hacked.

This was not a financial service, nor the same type of attack. But the result was similar – because the underlying business process was the same: requiring and storing sensitive identity documents. In the case of Discord, these were used to review age-related appeals.

It’s hard to do anything about a copy of your old passport, or a photo of your face, or a record of your past transactions. These can be used to identify and profile you, and can be used to carry out targeted fraud. And this can happen even if the initial disclosure didn’t result in financial loss.

The more companies are forced to collect and store such information, and the more of it they have, the more opportunities there are for this data to be leaked, either by the company itself or a third party it works with. That's what makes governments' push for more ID checks just to access ordinary parts of life so reckless.

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This Is The Income A Family Needs To Live Comfortably In Every US State

Here’s the short version of what it takes for a family of four to live comfortably in 2026 by state:

In Massachusetts, you’d need nearly $330,000 a year - the highest figure in the entire country. Only three states clear the $300,000 mark: Massachusetts, Hawaii, and California. At the other end of the spectrum, Mississippi is the most affordable at about $188,000. That’s a full $142,000 less than what you’d need in Massachusetts.

So… how much does a family of four need in your state?

This map shows the pre-tax income a household with two working adults and two kids needs to live comfortably in every U.S. state.

The numbers come from SmartAsset (as of February 2026). They’re based on the familiar 50/30/20 budget: 50% for necessities, 30% for discretionary spending, and 20% for savings or other goals. These aren’t bare-minimum survival numbers—they’re what it takes to live pretty well while still putting money aside.

And as Visual Capitalist notes, Massachusetts sits at the very top of that list. Massachusetts tops the ranking, with a family of four needing $329,555 per year to meet the 50/30/20 benchmark.

Hawaii follows at $313,165, while California ranks third at $302,682.

Rank State Income needed for family of four (2026)

  • 1 - Massachusetts - $329,555
  • 2 - Hawaii - $313,165
  • 3 - California - $302,682
  • 4 - Connecticut - $298,189
  • 5 - New Jersey - $295,110
  • 6 - New York - $291,533
  • 7 - Colorado - $283,213
  • 8 - Washington - $281,798
  • 9 - Oregon - $280,966
  • 10 - Vermont - $280,384
  • 11 - Alaska - $272,064
  • 12 - New Hampshire - $267,904
  • 13 - Rhode Island - $264,659
  • 14 - Minnesota - $263,078
  • 15 - Maryland - $257,837
  • 16 - Maine - $250,931
  • 17 - Montana - $249,434
  • 18 - Pennsylvania - $247,936
  • 19 - Illinois - $244,109
  • 20 - Virginia - $242,944
  • 21 - Nevada - $242,278
  • 22 - Indiana - $241,696
  • 23 - Wisconsin - $238,451
  • 24 - Arizona - $236,870
  • 25 - Utah - $235,789
  • 26 - Delaware - $228,134
  • 27 - Ohio - $226,221
  • 28 - Idaho - $226,054
  • 29 - Florida - $223,392
  • 30 - New Mexico - $223,142
  • 31 - Nebraska - $223,059
  • 32 - Missouri - $217,734
  • 33 - Georgia - $214,573
  • 34 - Michigan - $214,323
  • 35 - South Carolina - $212,909
  • 36 - North Carolina - $212,410
  • 37 - Wyoming - $212,410
  • 38 - Oklahoma - $211,910
  • 39 - North Dakota - $210,496
  • 40 - Kansas - $207,917
  • 41 - Iowa - $204,422
  • 42 - Texas - $203,424
  • 43 - West Virginia - $202,592
  • 44 - South Dakota - $201,760
  • 45 - Alabama - $198,931
  • 46 - Louisiana - $197,933
  • 47 - Tennessee - $197,267
  • 48 - Arkansas - $195,437
  • 49 - Kentucky - $194,854
  • 50 - Mississippi - $187,533

Connecticut, New Jersey, and New York aren't far behind, bringing the number of states with comfortable-income thresholds above $290,000 to six.

Colorado and Vermont Make the Top 10

As expected, many of the highest income thresholds are concentrated in the Northeast and along the West Coast.

However, Colorado has the seventh-highest threshold in the country at $283,213, ranking above Washington and Oregon.

Vermont rounds out the top 10 at $280,384, despite having the second-smallest population of any U.S. state. Meanwhile, nearby states like New Hampshire, Maine, and Rhode Island all fall outside the top 10.

Just Six States Come in Below $200,000

Despite the wide range in living costs across the country, only six states have a comfortable-income threshold below $200,000 for a family of four.

Mississippi ranks lowest at $187,533, followed by Kentucky. The states of Arkansas, Tennessee, Louisiana, and Alabama also fall below the $200,000 mark.

The gap between Massachusetts and Mississippi exceeds $142,000 per year, meaning the Massachusetts benchmark is about 76% higher.

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🤖Can Decentralized AI Stop Big Tech from Owning the Future of Robotics?🤖
The race to build the future of robotics is no longer just about robots. It's about who controls the intelligence behind them.
 
Over the last three years, a small group of companies has emerged as the backbone of the AI revolution. Microsoft provides cloud infrastructure. NVIDIA supplies the chips. Google, OpenAI, Anthropic, Meta, and others develop the models. Together, they control much of the compute, data, and software stack powering modern AI.
 
Now that AI is moving into the physical world, many are asking a bigger question:
 
Will these same companies end up controlling robotics too?
 
It's a valid concern.
 
The latest generation of robots relies on enormous amounts of compute, simulation, training data, and foundation models. Many robotics startups today are built on infrastructure provided by large technology companies. NVIDIA's Omniverse is becoming a key simulation environment for robot training. Microsoft Azure is powering the training of robotics foundation models. Physical AI startups increasingly depend on hyperscale cloud infrastructure to train and deploy intelligent systems. Recent partnerships across the industry show just how central Big Tech has become to robotics development.
But while Big Tech is building the highways, another movement is trying to ensure it doesn't own every destination.
 
That movement is decentralized AI.
 
Why Decentralized AI Exists
 
The idea behind decentralized AI is simple. Instead of a handful of companies owning the models, compute infrastructure, data pipelines, and intelligence networks, these resources are distributed across thousands of participants.
 
This means anyone can contribute compute, contribute models, validate outputs and can participate.
The most visible example today is the decentralized AI network known as Bittensor (@bittensor). The network has evolved into a large ecosystem of specialized AI markets called subnets, where participants compete to provide useful machine intelligence and are rewarded based on performance. Rather than relying on a single company, intelligence is generated and validated by a distributed network of miners and validators.
 
Think of it as an attempt to build an open marketplace for AI instead of a world where intelligence is rented from a few centralized providers.
 
Why This Matters for Robotics
 
Robotics has a unique problem. Unlike chatbots, robots operate in the physical world. They need to perceive environments, make decisions, move safely and they need to learn continuously.
 
The challenge is that collecting and training on real-world robotic data is incredibly expensive. That's one reason large companies have such an advantage. They can afford the compute, simulation environments, and data infrastructure needed to train robotics models at scale.
 
This is where decentralized systems become interesting.
 
Instead of one company collecting all the data and training all the models, decentralized networks could allow thousands of contributors to participate in building robotic intelligence.
 
Imagine a future where:
  • Warehouse robots contribute operational data.
  • Delivery robots contribute navigation data.
  • Factory robots contribute manipulation data.
  • Developers contribute models.
  • Validators evaluate performance.
The resulting intelligence becomes a shared network rather than a proprietary asset.
 
That vision is beginning to emerge.
 
Bittensor's Move Toward Physical AI
 
While many people associate Bittensor (@bittensor) with language models and AI services, parts of the ecosystem are increasingly exploring embodied intelligence and robotics.
 
One example is Kinitro, a subnet focused on incentivizing the training and evaluation of embodied AI systems. The goal is to create competitive environments where developers build robotic intelligence and are rewarded based on performance.
 
The broader Bittensor ecosystem has also expanded into compute marketplaces, distributed inference systems, bandwidth infrastructure, and AI coordination layers that could eventually support robotics workloads. Several subnets now focus on decentralized compute, confidential inference, data transfer, and model training, critical components for future robotic systems.
 
In other words, the pieces are starting to appear.
 
Not a decentralized robot network yet.
 
But the infrastructure that could support one.
 
Beyond Bittensor: The Rise of Physical AI Networks
 
Bittensor isn't alone.
 
Across the industry, researchers and builders are experimenting with decentralized approaches to physical AI.
 
New research published in 2026 introduced the concept of DAO-enabled decentralized physical AI, or DePAI. The idea combines robotics, decentralized infrastructure, AI models, governance systems, and human oversight into a single framework. Instead of centralized control, robots and physical infrastructure could be coordinated through transparent rules and distributed ownership models.
 
At the same time, developers are exploring decentralized operating systems for robots that allow machines to communicate directly with each other and with distributed compute resources. These architectures are designed to make robotic systems more resilient and less dependent on a single cloud provider.
 
The goal is not simply decentralization for its own sake.
 
The goal is resilience.
 
If one server fails, the system continues.
 
If one company disappears, the network survives.
 
If one participant leaves, innovation continues.
 
But Here's the Reality
 
Decentralized AI faces the same challenge every decentralized technology faces.
 
Big Tech has resources. A lot of resources.
 
Training advanced robotics models requires enormous compute budgets, sophisticated simulation environments, access to specialized hardware, and vast amounts of real-world data.
 
That's why many robotics startups still partner with major cloud providers and AI companies. It's often the fastest path to deployment.
 
And there are legitimate concerns about whether decentralized networks can maintain quality, reliability, and security at the scale required for industrial robotics. Even researchers studying decentralized AI systems have highlighted risks around concentration, incentives, governance, and network security.
 
The challenge isn't just decentralizing intelligence.
 
It's decentralizing intelligence while maintaining performance.
 
That's much harder.
 
The Most Likely Outcome
 
The future probably won't be fully centralized. And it probably won't be fully decentralized either. Instead, we're likely heading toward a hybrid model.
 
Large technology companies will continue providing chips, cloud infrastructure, simulation platforms, and foundational research.
 
At the same time, decentralized AI networks will emerge as alternative coordination layers where intelligence, data, and economic value can be shared more openly.
 
The companies building robots may use NVIDIA hardware.
 
Train on Azure.
 
Run foundation models from OpenAI.
 
But they may also participate in decentralized data networks, decentralized compute markets, and decentralized intelligence protocols.
 
The future of robotics could end up looking less like a monopoly and more like an ecosystem.
 
The Bigger Question
 
The real question isn't whether decentralized AI can eliminate Big Tech.
 
It can't.
 
At least not anytime soon.
 
The real question is whether decentralized AI can prevent a future where a handful of companies control every robot, every model, every dataset, and every decision made by the machines operating around us.
 
As robots become workers, assistants, delivery drivers, factory operators, and even economic agents, that question becomes increasingly important.
 
Because the battle for the future of robotics is no longer about hardware.
 
It's about who owns the intelligence.
 
And that battle is just getting started.
 
 

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