Twiligh, Replicated security, KYVE and more
Validator's Newsletter - March 17th, 2023
Welcome to our Weekly Friday Recap! We are excited to present you with the most recent Validator news from the Cosmos ecosystem.
This newsletter contains all validator-related information from @cosmos, including new tools and projects, Observatory discoveries and analysis, and highlights from the Bare Metal Podcast.
We want to make it as easy as possible for you to stay up-to-date on the latest developments in the Cosmos Validator ecosystem.
Let's get started…
🔎 Twilight, the v0.47 release of the SDK.
🔎 Replicated security is finally LIVE!
🔎 KYVE mainnet was successfully launched!
🔎 Quicksilver introducing 25% inflation.
🔎 Injective #Decentralization
🔎 Thread of the Week
🔎 Bare Metal episode with Dymension
🔎 Twilight, the v0.47 release of the SDK.
The Twilight release of Cosmos SDK introduces several enhancements to improve performance and functionality for Cosmos SDK-based chains, making the Interchain ecosystem more interoperable and high-performing.
Key updates include integrating CometBFT v.037 to replace Tendermint Core as the state machine replication engine, enabling the upgrade to ABCI 1.0 for better performance and reduced latency, and making changes to the Params Module for greater precision and adaptability.
These improvements provide developers with more control over consensus mechanisms and enable more specialized use cases, such as high-performance, low-latency systems.
Read more here.
🔎 Replicated security is finally LIVE!
Cosmos Hub has released Replicated Security, initially called Interchain Security, to offer more security options for chains in the Cosmos ecosystem and strengthen its presence. This mechanism allows blockchains to use Cosmos Hub's security and validators instead of maintaining their own, providing a cost-effective alternative without compromising security. R
eplicated Security also enhances the use of the native atom token, making it a staking token for Cosmos Hub and projects that receive security from it. To participate, blockchains need to undergo a governance process on the Cosmos Hub.
Validators can use their staked atoms on Cosmos Hub to earn extra rewards, paid in atoms or the blockchain's native token. The release addresses the growing demand for more security options in the Cosmos ecosystem.
Read the full article here.
🔎 KYVE mainnet was successfully launched!
KYVE has successfully launched its mainnet, and a governance proposal for enabling inflation is set to pass on March 21st. The next step involves the official listing of $KYVE. After establishing a flourishing node network and listing $KYVE, the focus will shift to the protocol layer for providing trustless data access.
The first data pool is expected to launch 6-8 weeks after TGE, with a proposal process involving testing on Kaon before launching on mainnet. In the meantime, KYVE's Data Pipeline, a no-code solution for accessing trustless data, is live and ready for use. The pipeline will continue to pull from Korellia's data pools before the first pools launch on testnet and mainnet.
🔎 Quicksilver introducing 25% inflation.
Quicksilver chain will enable inflation on March 20, set at 25% for the first year. The QCK token inflation will benefit Quicksilver in four ways: incentivizing stakers to secure the chain, supporting decentralization for liquid staking, encouraging protocol adoption and usage, and supporting the community.
Inflation emissions will be distributed as follows: 80% to Staking Rewards, 10% to Participation Rewards, 7% to Incentives Pool, and 3% to Community Pool. The inflation rate is expected to drop by 25% per year after the first year. Adjustments to inflation will be made through on-chain governance, allowing the community to propose and vote on changes.
🔎 Injective #Decentralization
Injective has a total score of 60, with 60 active validators out of 101 spread across 16 countries. The Validator Nakamoto Coefficient is 4, with AutoStake, Polka_chu, Binance, and CitadelDAO holding the most stake.
The Nakamoto Coefficient of ISPs and ASNs is 2, with 29% of the stake in OVH. The community is encouraged to help decentralize the chain and reach an ISPs and ASNs Nakamoto coefficient of 3.
🔎 Thread of the Week
🔎 Bare Metal episode with Barry from Dymension
New episode alert! Listen to our latest podcast where we explore.
Liquidity pools
Future of Cosmos
RollApps and NFTs
Tune in now 👇