KuChain x IRISnet — Ti-Labs Meeting#1 Recap
Running on the back of a think-tank that is fueled by the intelligence of the masterminds behind KuChain and IRISnet, Ti-Labs will shoulder the responsibility of enlightening the whole Cosmos ecosystem.
On October 16, 2020, with the participation of KuChain and IRISnet, the Ti-Labs had its first meeting. The both teams and Cosmos developers discussed the development progress and related technical issues.
Here is the full meeting minutes for you.
Time: 16/10/2020
Participants
KuChain
Lou YU — KuChain Operation and Community Communication
Bin MA — KIT (KuChain Iteration Team)
Yang FAN — KIT (KuChain Iteration Team)
Tianzi — KIT (KuChain Iteration Team)
IRISnet
Jeffrey HU — IRISnet Director of Research
Topics
- Cosmos WASM virtual machine
- IBC
- Peggy
- Mempool redesign
- Light node scheme
- On-chain stable coin scheme
- Web IDE
- New AMM scheme
- Web wallet extension (supporting hardware wallet)
- BTC cross-chain scheme
- Rust client
- KuChain participation to Stargate testing
- KuChain development status
Details
1. Cosmos WASM virtual machine
- Technically already available, ready for launchpad (SDK 0.39) release.
- Production available by the time of Stargate (SDK 0.40) release, still a month and a half to go.
- “Availability” on a hub depends on the ATOM holders’ votes.
2. IBC
- Target date: governance proposal on October/November 2020. With 2–3 weeks of process, the IBC integration will optimistically be initiated by November/December 2020 .
- Then still testing, simulation and coordination to go.
- SDK comes with two quality assurances: Sanity checks, code; + Simulation: number of random transactions to see the state.
- Full usability expected by the end of December 2020.
- Can already try out Cosmos SDK 0.40.
- Governance update to activate IBC on the Cosmos Hub is expected shortly after the release of Stargate.
3. Peggy (Peggy solution Cosmos-Ethereum)
- Can refer to Althea’s Peggy repo, though GitHub readme indicates the bridge is still under development and chains should use at their own risk. Production release will be pushed to Cosmos Peggy repo.
- If needing Peggy just to begin development — then the function from forks of Althea’s Peggy is usable, especially to start use the software and get familiar with the code.
- If needing Peggy as bridge with Ethereum — then better wait until the readme warning has been removed.
- Also aiming for the end of the year.
4. Transaction order determination in Mempool
- Redesign of the Mempool expected to be in the release following the Stargate release Tendermint 0.35 / Cosmos SDK 0.41
5. Light nodes scheme: does Tendermint support schemes allowing block head syncing only?
6. On-chain stable-coins
- Fiat backed: Tether, e-money https://www.e-money.com/ (Cosmos native solution)
- Seigniorage share:https://github.com/terra-project, Celo (non-cosmos, Geth fork): https://github.com/celo-org
- Crypto-collateralized:https://github.com/Kava-Labs/kava
- Certain components such as auctions or CDPs could be useful for any stablecoin type
7. Web IDE
- Tendermint already building Web IDE since 2019
8. New AMM trading methods: options, NFT, etc
- Balancer-like multi-asset AMM https://balancer.finance/
- DODO-like AMM https://dodoex.io/
- NFT DEX similar to https://wyvernprotocol.com/
9. Web-wallet extension, support hardware wallet
- Lunie https://app.lunie.io/
- Keplr recommended https://medium.com/chainapsis/how-to-use-ledger-nano-hardware-wallet-with-keplr-9ea7f07826c2
- Metamask extension — potential integration (have not tested this personally): https://github.com/cybercongress/cyb-snap
10. BTC cross-chain scheme
- KuChain tBTC scheme touches its end.
- Will be usable with a beta release by December 2020 or January 2021, and will be open-sourced on the second phase of the beta release.
- The scheme’s development content includes distributed private key generation and management, signatory system, deposit receipt system and on-chai governance, etc.
11. Rust client
- Rust-based state machine development framework for cosmos — https://github.com/nomic-io/orga
12. KuChain participation to Stargate test
- see Discord #stargate channel and #bigbang-testnet
13. KuChain development status
- Testnet Kratos currently on its beta release
- KuChain mainnet to improve on the basis of Kratos network
- Currently focusing on DEX’s development, beta release planned for 2020 Q4
About KuChain
KuChain is a next generation public chain based on Cosmos-SDK designed to serve decentralized financial applications like DeFi and DEX. KuChain has introduced “four-layer network” technical logic and modular design concepts. It will increase the application scenarios of decentralized finance and complement the ecosystem of Cosmos.
About IRISnet
IRISnet (a.k.a IRIS Hub) is an Interchain Service Hub designed to support the next generation of distributed applications. Built with Cosmos-SDK, IRIS Hub enables cross-chain interoperability through a unified service model, which supports not only token interchain transfer but also trustworthy data consumption and computation invocation across heterogenous systems. IRIS Hub is the first self evolutionary blockchain launched in the Cosmos ecosystem.
IRISnet dev teams include Bianjie, a national award-winning blockchain technology team based in Shanghai, and Tendermint, the world-famous team that created the Tendermint consensus engine and the Cosmos project.
Community
KuChain emphasizes the core value of community first, aiming at a prosperous ecosystem jointly contributed, and the path of which will be collectively decided by the whole community. Come and join us at:
GitHub: https://github.com/KuChainNetwork
Discord: https://discordapp.com/invite/2tWtHDm
English Telegram: https://t.me/KuChainOfficialEnglishCommunity
Chinese Telegram: https://t.me/KuChainOfficialChineseCommunity
Reddit: https://www.reddit.com/user/kuchainofficial
Facebook: https://www.facebook.com/KuChainOfficial
Twitter: https://twitter.com/KuChainOfficial
