Cøsmos Network: One year since mainnet launch, IBC Demo released, Mask — a new CosmWasm contract introduced, Bluzelle’s CURIE testnet is now live, e-Money mainnet launched, Everett Protocol announced Keplr, Interchain.FM new episode

Paradigm
Paradigm
Mar 25 · 19 min read

Biweekly update 11th March — 25th March

Welcome, Cosmonauts, to our regular report on Cøsmos ecosystem!
A year ago, on March 13th,2019, was the world’s first decentralized launch of a proof-of-stake network, the Cosmos Hub! What an incredible journey it has been! Congratulations on one year anniversary and all of the hard work the team does. Paradigm is excited to continue to keep the growing Cosmos community up to date! Happy birthday, Cosmos! Looking forward to many great years ahead!
Good news is, last week, the IBC demo successfully released. It is up-and-running with real light clients, real proofs, end-to-end handshakes and working token transfers. Don’t hesitate, check out the code and try it out yourself. And if you are curious to find out what’s going on in the IBC and how close the team is to enabling interoperability across different blockchains, watch March 12th’s recording of the IBC Ecosystem WG call in our report.
CosmWasm 0.7 released. For those, who aren’t familiar, CosmWasm is a secure and interoperable multi-chain smart contracts tool that enables WebAssembly VMs to be plugged into the Cosmos SDK. The new release represents the first step to provide the best full-stack solution for smart contract development. Moreover, the Mask, a new CosmWasm contract that aims to demonstrate the potential already available with our new smart contracting system, was introduced. Check out the team’s 1st community call and get familiar with their recent progress below.
New episode Interchain.FM is now out. Last week, the team was speaking with Ryan John King, co-founder and CEO of FOAM. FOAM Location is an open web3 protocol powered by an incentivized network of low power radios that offer secure location services independent of GPS and allows user to control and own their data in a privacy-preserving way. Tune it on!
The team also published ETHDenver Highlights, a short video retrospective of the event.
Cosmos ecosystem is moving, there was a ton of big stuff the past two weeks! Akash partners with Solana to bring web-scale smart contracts to supercloud. By interoperating with Solana, Akash users will soon be able to run secure and scalable smart contracts on Solana’s hyper-performance platform and pay using Akash Token. In the latest episode of OK Let’s Chat podcast, Alex sat down with Akash’s Osuri to discuss his work on this innovative token project. Althea Network installs four new Athea hoods this week. Its Development Update is now out. Bitsong continues to test and prepare for a mainnet. The Nomic team just released v0.1.1 of the Nomic Bitcoin sidechain. Codechain showcased the first non-Cosmos-SDK blockchain framework with ICS compatibility. e-Money mainnet launched today. Next e-Money AMA is scheduled on March 30th on Staking Hub telegram channel. It’s more than a month since Forbole last newsletter. According to the Monthly Update, the team keeps making progress, especially on Desmos project. The Kava Monetary Policy proposal is in the pre-voting stage. You only have a few days left to deposit. Voting starts this week. The team also published the article which provides a high level overview of Kava’s approach to oracles and the vision for how Kava’s use and integration with oracle solutions will evolve over time. The Kava engineering team has been making great strides as they approach important milestones on Kava roadmap. In their last development update, the team dives into what they’ve accomplished and what’s ahead for Kava’s multi-asset DeFi platform. Furthermore, Band Protocol price data has been successfully integrated into Kava feed module. IRISnet has been chosen to participate in the seventh round of the Binance Community Coin Vote. LikeCoin chain proposal #1 passed with 78.63% of the online voting power voted, thereby relaxing validator requirements to transform LikeCoin chain to a permissionless, BPoS mechanism. Loom Universe Bi-Weekly Highlights were published. Regen Network has run two incentivized testnets. 73 validators are participating on Kontraua testnet and running CosmWasm, out of which 58 are active. Check out a transcription of the 15th Community Development Call led by the Regen team.
Tune on the new episodes of Planetary Regeneration Podcast, in which Gregory interviews Martin Wainstein, leader of Yale Open Labs and Neal Spackman, Co-founder and CEO of Regenerative Resources Co. Terra is launching a grant program in order to improve ecosystem tools and products as well as to provide an overall better environment for community members. Cosmic Compass launched, a network navigator with GUIs for investors, APIs for developers and Node Management Tools for validators. Everett Protocol announced Keplr, MetaMask-like wallet for Cosmos dApps and blockchains. Agoric ‘s weekly updates were published. On March 13th, the Sentinel Network achieved an all-time high in usage with over 12,000 sessions in a 24 hour period. In the last Chorus One podcast episode, Felix was joined by Dieter “dete” Shirley, CTO at Dapper Labs. Liquid Staking call by Chorus One is scheduled on March 25th. The THORChain team was able to start with a single node, churn up to 12, then back down to 4, which triggered a ragnarok and all funds refunded. This is a full run through the complete life cycle of THORChain, in a happy path manner. Moreover, Delphi Digital wrote a 30-page report on THORChain, covering the system, tokenomics, security, and comparisons with other platforms. Bluzelle’s CURIE testnet is now live. Math Wallet completes wallet integration for Enigma. And much more!
Cosmonauts, it’s time to start preparing yourself for the Game of Zones competition! Follow Zaki Manian’s advice — learn to use the relayer: think about how to run it as a high throughput service and learn how to build IBC applications. If you’re interested and need help, Jack Zampolin has made himself available! You can also join the related channel on the Cosmos Discord server to chat with other people willing to help you get used to IBC and prepared for GoZ. More to follow!

Development

Github metrics:

Happy 1st Birthday, Cosmos Hub!

A year ago today was the world’s first decentralized launch of a proof-of-stake network, the Cosmos Hub. The memorable “go-live date” started on March 13th, 2019 at 23:00 UTC with validators and community members participating from all over the world. The Cosmos Hub mainnet launch was two years in the making and the first phase of a three-phase rollout of the Cosmos Network, aka the “Internet of Blockchains”.

The next two phases of the Cosmos Network were (2) enabling ATOM transfers — completed in April 2019 — and (3) a production-ready Inter-blockchain Communication (IBC) protocol. IBC is the remaining element that we’re still working on. The IBC spec was determined in June 2019 by members of Agoric, All in Bits (dba Tendermint), and the Interchain Foundation teams. A demo and public IBC testnet will be coming soon — stay tuned.

The Cosmos Hub has had an incredibly busy year that includes:

  • Three successful mainnet launches, culminating in Cosmos Hub-3
  • Multiple millions of blocks validated over three mainnets
  • A decentralized community of 125 mainnet validators
  • An average of ~7s per validated block
  • 15 on-chain governance proposals created and voted on
  • 300,000+ ATOMs added a community pool

To check out the short walk down memory lane with some of the team’s memorable moments from mainnet launch click here.

The IBC demo successfully released

The IBC demo is up-and-running with real light clients, real proofs, end-to-end handshakes and working token transfers.

Check out the code and try it out yourself here.

IBC working group call — March 12th, 2020

IBC working group call open to teams and developers interested in the progress and contributing to the protocol.

Product highlight: CosmWasm

CosmWasm is a secure and interoperable multi-chain smart contracts tool that enables WebAssembly VMs to be plugged into the Cosmos SDK.

CosmWasm 0.7 Released

The new release represents the first step to provide the best full-stack solution for smart contract development.

The Mask, a new CosmWasm contract that aims to demonstrate the potential already available with our new smart contracting system introduced:

Check out team’s 1st community call and get familiar with their recent progress here:

CosmWasm Product Call #1 — March 10th, 2020

The CosmWasm Ecosystem Agenda:

* CosmWasm Vision

* Recent Progress and Updates

* External Testnets

* Tentative Roadmap

* Upcoming Events

* Open Q&A

Join the next one in two weeks!

CosmWasm on Github: https://github.com/CosmWasm

Next CosmWasm Community call was scheduled for March 24th.

Find out about recent updates, current roadmap and how you can build Cosmos SDK compatible smart contracts.

Details: https://github.com/CosmWasm/cosmwasm/issues/178

Cosmos Governance

The next call is proposed for March 31st, 15:00 UTC. Proposed topic: What kind of governance work could the Cosmos Hub find valuable?

Awareness and social encounters

Interchain.FM new episode

Kepler’s Haskell ABCI & IBC for Real-Time Location Tracking

Last week, the team was speaking with Ryan John King, co-founder and CEO of FOAM. FOAM Location is an open web3 protocol powered by an incentivized network of low power radios that offer secure location services independent of GPS and allows user to control and own their data in a privacy preserving way.

Location services are an integral part of the global economy, but GPS technology is starting to show its limits. Issues like spoofing, multipathing, signal outages, third party collection and sale of user data and a fundamental lack of location authenticity are suppressing further marketplace growth for location services. The FOAM Location network provides a leading web3 solution with secure, fault tolerant and ubiquitous location services by combining an immutable blockchain ledger, self-synchronizing low-power radios, and a token incentive mechanism.

Check out:

ETHDenver Highlights

ETHDenver2020 was a blast!

  • over 1000 participants
  • about 110 submitted projects
  • more than 50 workshops
  • over 30 side events during #BUIDL Week 2020

Here’s a short retrospective of the event:

IBC and Game of Zones

Start preparing yourself for the Game of Zones competition by following Zaki Manian’s advice:

  1. Learn to use the relayer: think about how to run it as a high throughput service.
  2. Learn how to build IBC applications. If you’re interested and need help, Jack Zampolin has made himself available!

You can also join the related channel on the Cosmos Discord server to chat with other people willing to help you get used to IBC and prepared for GoZ.

Finance

The Interchain Foundation (ICF) raised $17 million in April 2017 to shepherd the development of the Cosmos network.

“To date, we still have over 1,400 BTC, over 50,000 ETH and just over 20 million ATOMs in the treasury,” ICF director Arianne Flemming says. At today’s prices, that’s worth over $104 million. And that’s even after the nonprofit deployed $25 million in capital to fund over 50 projects.

Cosmos validators

Source

POS Bakers has made the Google sheet public if you’d like to take a deeper look at the data.

Data is accurate as of 22 February 2020

Information from Mintscan.io:

Top 10 validators:

Cosmos Markets

Information from Coinmarketcap.com:

Information from Coinlib.io:

Roadmap

Tendermint 2020 Roadmap:

The Tendermint Core team has decided to share its goals and roadmap for 2020. What follows is a list of their objectives for the year, organized around four high-level goals, which are themselves ordered by approximate priority. However, the team plans to tackle pieces of each of these goals concurrently.

This list is ambitious: It is possible, even likely, that there’s more outlined here than they can achieve in a year. If you are interested in helping the team reach these goals, they’ll be opening up a few new positions soon.

Goal 1: Increase the number of people who can make substantive contributions to Tendermint Core

Goal 2: Ship features and fixes which help Tendermint Core retain its market-leading position

Goal 3: Improve the developer- and user-experience for projects that use Tendermint Core

Goal 4: Expand and curate the number of technologies that can be integrated with Tendermint Core

If you have questions, ideas, or would like to contribute, please open an issue or join Tendermint developer forum.

Cosmos Hub Roadmap:

Governance Milestones

The following milestones will require voting by on-chain governance.

Proposal Passed: Atom Transfers

Proposal: IBC

An upgrade proposal may be created on the Cosmos Hub to add support for IBC, the Inter-Blockchain Communication protocol. IBC will allow other Cosmos SDK-based blockchains to connect to the Hub. Read more »

Proposal Passed: IBC

Success! The Inter-Blockchain Communication protocol is now supported by the Cosmos Hub. The IBC standard will allow blockchains that support it to connect.

Community Governance

At this point, the critical features of the Cosmos Hub has been activated by the community of Atom holders. Further governance of the network and upgrades to the software or blockchain state are left to the community. Read more »

IBC Implementation

Due by May 01st, 2020 73% complete:

IBC v1.0.0 issues left to be implemented (on ibc-alpha branch).

Ecosystem

Akash Network:

Akash Partners with Solana to Bring Web-Scale Smart Contracts to Supercloud: By interoperating with Solana, Akash users will soon be able to run secure and scalable smart contracts on Solana’s hyper-performance platform and pay using Akash Token (AKT). Whereas Solana’s users will soon be able to run distributed applications (like machine learning or web apps) and settle using Solana Token (SOL) on Akash.

Additionally, Akash will provide first-class support for Solana’s validators to run nodes in highly secure and scalable environments.

Currently, validators have little to no option other than to run their nodes on centralized cloud service providers like Amazon Web Services, Microsoft Azure, or Google Cloud. 60% of Ethereum nodes currently run on AWS and other centralized cloud service providers. This threatens decentralization at the core. Validators have few alternatives and are forced to make a massive upfront investment in talent, servers, and flexible scalability or choose the big cloud. By leveraging Akash decentralized cloud, Solana’s validators will no longer be required to do this, and they’ll be able to stay decentralized. This is a win-win scenario for both Solana’s and Akash’s users.

In the latest episode of OK Let’s Chat, Alex sat down with Osuri to discuss his work on this innovative token project:

Althea:

Althea Development Update #83: Rust static binaries and OpenWRT.

Hardware hacking is good for business.

BitSong:

Bitsong continues to test and prepare for a mainnet.

e-Money:

Mainnet launched today:

Next AMA is on March 30th on Staking Hub telegram channel. Details here:

Forbole:

Forbole Monthly Update: It’s more than a month since Forbole last newsletter. The team keeps making progress, especially on Desmos project.

IOV:

IRISnet:

IRISnet has been chosen to participate in the seventh round of the Binance Community Coin Vote.

Kava:

The Kava Monetary Policy proposal is in the pre-voting stage. You only have a few days left to deposit. Voting starts this week. Stay tuned for the announcement to go vote! See the full proposal at http://kava.mintscan.io/proposals/2

The Kava Oracle Roadmap: This article’s purpose is to provide a high level overview of Kava’s approach to oracles and the vision for how Kava’s use and integration with oracle solutions will evolve overtime.

Kava Development Update: The Kava engineering team has been making great strides as they approach important milestones on Kava roadmap. In this development update, the team dives into what they’ve accomplished and what’s ahead for Kava’s multi-asset DeFi platform.

They shipped Kava Testnet 4000 with CDP functionality. This major milestone provided a valuable testing ground for catching bugs, improving docs, and getting feedback from early adopters.

They added an additional engineer, John Maheswaran, to the team. John brings a deep knowledge of cryptography and distributed systems from his Ph.D. work at Yale and has worked in the enterprise blockchain space as a lead engineer for the last few years.

Thoughts from Kava’s Lead Engineer on MakerDao Situation by Kevin Davis, a co-lead architect of Kava’s cross chain DeFi platform and helped build the core components of Kava’s CDP module.

Band Protocol price data has been successfully integrated into Kava feed module. Band’s oracles will provide secure price feed data for collateral tokens BTC/USD, XRP/USD, BNB/USD & ATOM/USD in support of Kava’s cross-chain CDP platform and stablecoin.

LikeCoin:

LikeCoin Weekly Progress Update 2020.03.16: LikeCoin chain proposal #1 passed with 78.63% of the online voting power voted, thereby relaxing validator requirements to transform LikeCoin chain to a permissionless, BPoS mechanism.

Teach & Learn Wednesday. Aludirk giving a IPFS sharing session.

Loom Network:

Loom Universe Bi-Weekly Highlights:

Axie Infinity Alpha Season 2 is live with KNC rewards

Regen Network:

Community Development Call ¾

Check out a transcription of the 15th Community Development Call led by the Regen Network team here.

View slides from the call here.

Regen Network Testnet points to XRN rewards: Regen Network has run two incentivized testnets, and one community testnet with a few christimas goodies.

Planetary Regeneration Podcast | Episode 8: Martin Wainstein: In this episode, Gregory interviews Martin Wainstein, leader of Yale Open Labs.

Planetary Regeneration Podcast | Episode 9: Neal Spackman: In this episode, Gregory interviews Neal Spackman, Co-founder and CEO of Regenerative Resources Co.

Sentinel:

On 13 March the Sentinel Network achieved an all time high in usage with over 12,000 sessions in a 24 hour period.

Terra:

Introducing Terra Ecosystem Grants: The Terraform Labs team announced a series of grants in order to improve ecosystem tools and products as well as to provide an overall better environment for community members. That being said, the Terra team will be starting the Grant Program by rolling out four RFPs alongside an open community suggestion form.

The first two RFPs are in relation to a new type staking product, which they call Anchor, that requires both a new derivative token and a lending pool. The team has noticed that despite high returns for staking Luna, there has been a lack of staking by users due to the volatile nature of Luna’s prices. In light of this problem, Terraform Labs would like to design a solution where the initial deposit principal is protected. To accomplish this goal, they will be looking for partners capable of understanding and implementing the bLuna token and the fungible money market.

The next RFP is concerned with reducing the time to resync a node in the event of data corruption through the utilization of a data backup service.

Lastly, in order to ensure a smooth development, deployment, and production experience for present and future apps powered by Terra, and to provide simple, universal access to Terra’s public ledger, Terraform Labs is looking for community-driven initiatives to provide a robust, distributed availability layer for accessing the Terra blockchain. The focus is to enable users of the Terra blockchain to think in terms of use-case rather than focus on infrastructure.

Suggestions by community members in Terra Discord server or Twitter community often give the Terra team insightful pieces of advice that they have never considered before. They believe that in order for more use cases to arise, the community must be at the forefront focus. Thus the team would like to also leave an open RFP, where any community member is welcome to suggest any ideas that we may have overlooked as well.

Please send all proposals/inquiries to ecosystem@terra.money, and note that the deadline for submission is April 24, 2020.

THORChain:

THORChain Weekly Dev Update for Week 18–23 Mar 2020:

The team spent last week validating THORChain’s ability to start, churn up to 12 nodes, then back down to 4 nodes, initiate a Ragnarök and complete a shutdown. The team were able to achieve a full-life cycle at the end of the week, and many small bugfixes were made along the way.

In addition, the team completed the last of Certik’s Audit report fixes, as well as implementing Blame into THORChain.

Testing continues on BEPSwap, with the bulk of the work in adding BigNumbers.js to BEPSwap which required a full re-write of core arithmetic functions.

Testing and QA flows on to tweaks and additions to Midgard API — which is difficult to test until connected to BEPSwap, since a lot of what Midgard outputs is user consumable.

Delphi Digital wrote a 30 page report on THORChain, covering the system, tokenomics, security, and comparisons with other platforms.

Cosmos India:

Chorus One:

Liquid Staking call by Chorus One scheduled on Wed, 25th March at 4pm CET.

34 Flow: A Blockchain by and for Smart Contract Developers with Dieter Shirley: In the last Chorus One podcast episode, Felix is joined by Dieter “dete” Shirley, CTO at Dapper Labs. The team at Dapper Labs, a spin-off from Axiom Zen, are the creators of Cryptokitties and have spent recent years to create their own blockchain optimized for decentralized applications building on their learnings of writing some of the most widely used smart contracts.

The podcast begins with Dieter going into his background in crypto and how Cryptokitties emerged out of a series of ideas his former company at Axiom Zen had for blockchain applications. They then talk about how Cryptokitties helped the team realize both the benefits and shortcomings of Ethereum and Solidity development. Dieter explains how Flow is designed from the ground up with composability and developer experience in mind. They go into detail as to how Flow is able to scale by having multiple separate node roles, the interplay between them, as well as benefits that Flow tooling and the programming language Cadence provide to developers. Finally, they wrap up with a discussion of the economics in a blockchain with multiple different roles.

Other:

Bluzelle’s CURIE testnet is now live. Follow the instruction on how to build on the network here:

Cosmic Compass launched, a network navigator with GUIs for investors, APIs for developers and Node Management Tools for validators:

Everett Protocol announced Keplr, MetaMask-like wallet for Cosmos dApps and blockchains:

The Nomic team just released v0.1.1 of the Nomic Bitcoin sidechain:

Codechain showcased the first non-Cosmos-SDK blockchain framework with ICS compatibility:

Agoric ‘s weekly updates:

Lunie login issues have been resolved:

http://dither.chat now supports channels.

https://dither.chat/channels/wikirona… and bring your contribution to Wikirona Repository (COVID19)-by the People, for the People.


Built with the Cosmos SDK

Projects that are actively building on the Cosmos ecosystem

Akash NetworkAkash is the world’s first super cloud for serverless computing, empowering the architects and builders of the internet with greater access, freedom, and efficiency. Announcement » Infrastructure

Binance ChainBinance Chain is developed by Binance and its community as the basis for a decentralized exchange. Binance is considered the biggest cryptocurrency exchange in the world in terms of trading volume. Announcement » DEX

e-Moneye-Money is the leading European provider of currency-backed stablecoins. The stablecoins are interest bearing and protected by an insolvency fund, which makes them unique in today’s market. Infrastructure Enterprise Stablecoin

IOVIOV a universal protocol between blockchains and wallet users, is making it possible to send, receive and exchange any cryptocurrency from a single address of value. Wallet Name Service

IRISnetIRISnet is designed to be the foundation for next generation distributed business applications. It is a BPoS blockchain, built with Cosmos-SDK, that enables cross-chain interoperability through a unified service model. Announcement » Enterprise

KavaKava is the world’s first Interledger solutions provider bringing blockchains, wallets, and exchanges the interoperability and liquidity of the Interledger. Announcement » Infrastructure

Lino NetworkLino is a decentralized autonomous content economy to determine its value and incentivize contributors in a more direct and effective manner. Announcement » Social

LoomLoom is a Layer 2 scaling solution for Ethereum that includes a network of DPoS sidechains for highly-scalable games and user-facing DApps. Announcement » Games

PlaylistPlaylist is a project aimed at tokenizing the music industry with their PLAY Protocol. Social

Regen NetworkRegen Network is a global community and platform focused on ecological monitoring and regeneration. Announcement » Agriculture

SentinelSentinel Network is a network layer that enables a true p2p and decentralized Applications & Resources marketplace. Announcement » Infrastructure

TerraA price-stable cryptocurrency designed for mass adoption. They are building financial infrastructure for the next generation of decentralized applications. Announcement » Stablecoin Infrastructure

TruStoryTruStory is a building a social network for experts to identify what information is true and what isn’t in return for tokens. Announcement » Social

Check out the Full list of projects in Cosmos & Tendermint Ecosystem.

Partnerships and team members

Cosmos is hiring! See the latest job openings here.

Social media metrics

Social media activity:

Social media dynamics:

Cosmos community continues to grow. There is a slight increase in the number of subscribers of Cosmos social media channels these weeks.

See also Cosmos forum.

Check out Interchain Foundation Twitter.

There are also Community-managed Channels. These channels are managed entirely by members of the Cosmos community and do not represent official Cosmos or ICF announcements.

Telegram

Twitter Cosmos China

Twitter Cosmos Korea

Twitter Cosmos Japan

Cosmos Validator Working Group

RIOT channels moved to DISCORD:

There is strong stable growth in the Cosmos community over time. The graph above shows the dynamics of changes in the number of Cosmos Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.

This is not financial advice.

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