Crypto Currency News
Bitcoin
$68,053.92
+311.88
Ethereum
$3,487.38
-11.74
Litecoin
$72.41
-0.82
DigitalCash
$27.37
-1.01
Monero
$161.97
-1.4
Nxt
$0.00
0
Ethereum Classic
$23.64
-0.28
Dogecoin
$0.14
+0.01

Cosmos upgrades to Stargate: Another ICO from 2017 almost completes his vision

The Stargate upgrade from Cosmos will go live on Thursday at 6:00 UTC. The Cosmos community recommends interested observers to check out the @cosmos account on Twitter.

Stargate is an important milestone for the Cosmos project on the way to the introduction of its Inter-Blockchain Communication Protocol (IBC), with which the more than 200 Tendermint-based blockchains can work together without any problems. The era of blockchain cross-pollination is almost here.

Stargate enables a number of other improvements as well. The chain will run more efficiently, upgrades will be much faster, and full nodes will sync faster.

“Stargate is updating all software that IBC enables for ATOM, but there is an additional governance proposal before tokens can be transferred to and from the hub,” Iqlusion founder Zaki Manian told CoinDesk in an email.

It will be at least two more weeks for IBC to go into effect, but the software to run it is now in place.

“The Foamspace team is looking forward to the Stargate launch in the Cosmos Hub, a crucial moment for the blockchain ecosystem that will allow the FOAM Proof of Location wireless protocol to be fully realized through local consensus with global scalability,” said Ryan John King , CEO of FOAM, told CoinDesk in an email.

The Kava team are cautiously optimistic about Stargate. “Before we can roll out IBC, we need to do a number of reliable internal tests and verifications to ensure that they are interacting with the Kava blockchain as intended. Once this is done, Kava is excited to announce the integration of IBC, ”Brian Kerr, CEO of Kava, told CoinDesk.

Another founder told CoinDesk that he was particularly enthusiastic about the cross-cosmos vision of Cosmos.

“The main reason I chose Cosmos to advance the technology in my company was the planned interoperability between different Cosmos zones,” Neeraj Murarka, CTO of the decentralized Dapp data storage company Bluzelle, told CoinDesk in an email . “I wasn’t just interested in an isolated network running my company. Interoperability is a big advantage. “

His interest didn’t stop there, however. It’s also the ability to scale to many users and many ecosystems. “One of the main main advantages I want to use with Stargate and IBC is scalability. It’s very difficult to scale blockchains, ”Murarka wrote. He hopes Cosmos will enable Bluzelle to reach apps in many chains.

Kavas Kerr sounded similar: “Once IBC is integrated, Kava can be quickly expanded to hundreds of new blockchains and their users. We anticipate that IBC will be an important catalyst for the growth of the Kava platform. “

Real fans can follow the launch party, with members of the Cosmos team performing the upgrade live from 5:45 UTC.

Comments are closed.