Ihave a dream. A vision where people could go about their lives to seamlessly interact with a secured and decentralized network, powered by blockchains, without actually knowing it. This is a common vision amongst the blockchain community, but not very common in folks outside of this airwave. People will do what they do today while doing commerce, enforcing the law, communicating with others — at work or at home — without needing to fully understanding what helps make those interactions happen seamlessly, confidently, securely and even privately.
“The world of blockchain will one day be buried in an underlying communication layer behind all actions of moving information and value. This will all be possible while ensuring there’s no way to falsify any of these movements, with an everlasting history that can (or cannot) be traced, locked in the proofs of time, and any other relevant information that might be of value within transactions.”
Network Traffic’s a Treasure Trove
While researching the Cosmos Network, I’ve discovered something really tangible here, where the vision of a network that’s capable of enabling transactions between multiple blockchains.
As I dove deeper into this with KysenPool to in a Journey of a Startup Validator to become one of the active Validators, I’ve uncovered a treasure trove of interesting data, but they were all available by combining my Unix/Linux scripting awk-grep-fu with issuing command line interfaces (CLIs) with the Cosmos Gaia client.
While the concept and ideals of the Tendermint-based Cosmos blockchain of an InterBlockchain Connected world is beautiful, there were little insights on how people are actually using it, how healthy is the network is and what transactions that people (or bots) are actually doing on it. Cosmos Network was built with several facets of game theories, filled with incentives
- Investors (or token holders) — are discouraged from speculating and lear how to stake ATOM tokens to gain staking rewards as there’s an inflation model built in for token holders that delegate their tokens to Validators as new tokens are minted with every block proposed
- Operators (called Validators) — are incentivized to participate in the blockchain verification and proposal services with verification bonus and commission rewards, and disincentivized to perform malicious behaviors (such as double spending)
- Software Developers — are encouraged to build out the Cosmos Network with the ability to build using an SDK with huge rewards through grants from the Interchain Foundation for successful ventures that can take advantage of the network effects
There’s an elegantly written article on the Cosmos Proof-of-Stake Economics that’s a must-read if you wish to know more
But my question I had was …
How do they all interact with one another on the network at a macroeconomic level?
Have a Vision, and then Go tell the World!
Hence, CosmosOutpost.io was born. Below are some screenshots from which it was first designed
Network Uptime (alpha version shown)
But we iterate pretty quickly to a newer and fast version (beta shown)
Automation
I’ve written this piece months ago while the project was still in alpha mode. Since then, we’ve added a Tweet-bot that would automatically capture the state of the network on a daily basis at 00:00 GMT
It has also since been translated to Chinese to help expand this to the East.
Extensions
The Cosmos Outpost is readily transferable to any Tendermint-based chains. I can imagine that this could also be extended towards Bitcoin / Lightning network, or any ethereum ERC-20-based networks.
What would you like to see?
I often wonder how useful this might be to you and what you’d like to see in additional (or instead of) what’s available now on CosmosOutpost.io. I may have pre-cognition, but I’d rather depend on user input.
Drop me a message on Twitter or chat with us on Telegram and let’s start a conversation about this!
Official Channels
Twitter: twitter.com/KysenPool
Medium: medium.com/kysenpool
Telegram: https://t.me/kysenpool
WeChat: KysenPool
LinkedIn: www.linkedin.com/company/kysen-technologies
