This chapter explores the advancements and hurdles in the development of Cosmwasm and the broader Cosmos ecosystem, highlighting the adoption of Cosmwasm by Terra and the emergence of a builder community. It discusses critical incidents like a security vulnerability in a custom bridge and ongoing challenges with the IBC protocol, raising concerns regarding the auditing process and security measures. The chapter also reflects on recent projects and developments, including the anticipated launch of DYDX, and emphasizes the importance of interoperability and collaboration within the blockchain space.

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