As we navigate through this week, key developments continue to unfold, promising new avenues and innovation. Leading the way this week includes information on the engineering update on Cosmos, ADR-8 Actor Callbacks — the solution to limited callbacks in IBC, Mesh Security — a bi-directional or multi-lateral security approach for the Cosmos ecosystem, dYdX V4 Mainnet launch, Gateway to Cosmos 2023 event, and CosmWasm & IBC connection activation on the UnUnifi Protocol Mainnet.
Navigate through the quiet, yet captivating waters of the crypto world in this weekly roundup. Keep reading for a detailed exploration of each update.
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Cosmos
Cosmos Hub Engineering Update by Informal Systems 👉 Blog Post!
This covers the engineering update for the period Apr-May’23 which included:
- The First Interchain Security Chain— Neutron Launch Retro
- Multi-sig issues report and fixed
- Hub emergency upgrade for validators able to use the key assignment transaction from their multi-sigs and Ledger devices
- Neutron launch
- How does Replicated Security work for un-bonding and how can this be avoided in the future
- Soft opt-out feature which allows the smallest 5% of validators on the Hub to opt out of running the consumer chain
- Completed standalone to consumer migration code (Stride will use this during their launch)
- Oak Audit review
For more detail 👉 Blog Post!
ADR-8: IBC Actor Callbacks
IBC has been limited to callbacks between core IBC (also referred to as the transport layer) and application modules only. The solution to this problem is ADR-8. With the release of ADR-8 Actor Callbacks, IBC applications will be able to perform multiple and complex interactions in a single user flow. The user from one single interface will be able to engage with multiple on-chain modules or smart contracts.
To learn more about ADR-8 Actor Callbacks 👉 Blog Post!
Mesh Security
Osmosis, Axelar, Akash Network, and the ATOM Accelerator are joining forces to bring Mesh Security to the Cosmos through an Interchain partnership.
In models like Interchain Security (ICS), security flows in one direction: down from a parent chain in a hub-and-spoke fashion. In contrast, with Mesh Security, chains combine their market caps for added (bi-directional or multi-lateral) security.
To read more 👉 Mesh Security Initiative!
dYdX V4 Mainnet Launch
This protocol is an L1 blockchain built on top of CometBFT and using CosmosSDK which uses a proof-of-stake consensus mechanism.
Let’s deep dives into the protocol, indexer, and various front ends’ infrastructure in this 👉 Blog Post!
Gateway to Cosmos 2023: Bringing Real World to Cosmos
This event will be running over 3 full days and filled with all the latest updates from across Cosmos.
Date : June 3–5, 2023
Location : Cubex, Prague, Czech
Discover what’s ahead for you at 👉 Gateway to Cosmos 2023!
UnUnifi Protocol
UnUnifi Protocol will be activating CosmWasm & IBC connection on their Mainnet on May 24th, 2023.
The Interchain Yield Aggregator and Derivatives dApps are still on schedule to launch before end of Q2.
Thank you for reading.
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We aim to decentralize the Proof-of-Stake blockchain ecosystem. We’re highly familiar with the Tendermint-based blockchains such as Cosmos, Kava, Quicksilver; Ethereum and EVM-chains like Harmony; and substrate-based chains such as Cardano. Our global team is continuously improving our automations and constantly monitoring our operations to ensure high availability and resilience.
Our infrastructure is a hybrid of data centers bolstered with Hardware Security Modules (HSMs), and distributed globally at multiple Cloud providers. Our mission is to help provide a sound infrastructure, tooling and services, so that developers can build with confidence. We hope you like our contributions into the ecosystems that we support. To find out more about networks that we support, checkout our website below.
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