Cosmos Hub set to introduce cross-chain security

In the upcoming months, Cosmos will include a brand-new function called cross-chain security. Certain application-specific chains can use the Cosmos Hub to secure themselves thanks to cross-chain security.

On June 27, a document published by a group of Cosmos contributors stated that cross-chain security would soon be possible on the Cosmos network. By leveraging the same security validators that power Cosmos Hub, the network’s main blockchain, various application-specific chains on Cosmos can secure themselves using this optional functionality.

Cross-chain security will go online between August and September, according to Cosmos contributors.

If they can run their own validators, developers can build new application-specific chains on Cosmos, an ecosystem of over 200 blockchains. However, it takes a lot of effort and resources to create a collection of validators from scratch. Cross-chain security is useful in this situation.

This functionality will enable new Cosmos-enabled blockchains to rely on the security validators of Cosmos Hub rather than creating their own independent validators. Additionally, this implies that these blockchains will pay these validators fees, resulting in additional benefits for ATOM owners.

Cosmos imitates the Polkadot interoperability network’s concept by introducing cross-chain security. On Polkadot, each app-specific chain automatically shares the security of its validators with the main relay chain.

According to the authors, Cross-Chain Security will debut on the Cosmos Hub in August or September 2022 and become “the first means for projects to attain the maximum level of security in Cosmos, employing all 175 validators of the Cosmos Hub.” Cross-chain security, they continued, may be crucial for integrating outside initiatives that intend to go live on Cosmos as their own blockchain.

To entice projects that leverage cross-chain security, Cosmos backers have promised to invest 150,000 ATOM tokens ($1.1 million) from the official Cosmos Hub community pool.

Stay in the Loop

Get the daily email from Watcher47 that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...