no itβs totally permissionless. donβt know where this misconception came from
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Yeah, idk where this meme spread from...
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Hehehehe
Youβre wrong Larry, specifically about Juno and terra are the same
No IBC contracts on terra, wen enable?
Wen orgy?
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the only reason Terra doesn't have IBC contract is that when it launched, IBC integration in CosmWasm was still in an experimental stage, and they wanted to be risk-averse. so the IBC feature was disabled
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can you help me create a patch/proposal for Terra to enable CosmWasm IBC?
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hard to say... Terra runs CosmWasm 0.16 which i don't know if supports IBC. if yes then it's probably doable. it we have to upgrades to CW 1.0 it'd be much more difficult because CW 1.0 is not backward compatible, and all contracts need to be re-deployed
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CosmWasm v0.16 has IBC support, shouldn't be hard to upgrade the module in-place.
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We can but why
What use case will IBC contracts serve
This is the minor effect.
The major effect is a composeable network of contracts talking to one another over IBC with full logic capabilities.
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Itβs a compute mesh.
Instead of only chains talking to chains, contracts will talk to contracts running on chains.
The exciting thing here is that it will go far beyond the movement of tokens and into composable apps.
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Yeah but only terra has contracts being used in the cosmos - interoperate with what exactly
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True composability across the interchain. The ability for contracts on terra to control contracts on any IBC enabled chain. Think a multi-chain money market that automatically moves funds around based on demand.
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Yep, like this then extrapolate
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That's an interesting discussion. Very curious to see the answers
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Thereβs a bit of a chicken and egg here, you need the contract platform, and in this case the interchain contract platform, before you can truly determine what those contracts are going to do
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We can then export CW20 tokens like aUST to other chains/ecosystems via IBC and
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In the short term the cw20 stuff is indeed exciting but tell him about the compute mesh!
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