What Happened on Feb. 22nd | Cosmos Hub Interchain Security and the first two Consumer Chains

TI Research

The Cosmos Hub ($ATOM) has proposed an upgrade to adopt the Replicated Security feature. This is the Interchain Security feature previously called. The first two consumer chains to use Cosmos Hub security will be the Neutron chain, and Noble, the $USDC issuance chain.

The Cosmos Hub team changed the name of Interchain Security. In the past, it has been referred to as Interchain Security v1, or ICS, but going forward the team will refer to it as Replicated Security.

Replicated Security is a new feature that enables the Cosmos Hub to offer its strong security to other blockchains, also known as 'consumer chains'. With this feature, consumer chains can benefit from the Cosmos Hub's security without having to maintain their own validator sets. The cost to censor or control a consumer chain with an economic attack is the same as the cost to censor or control the Cosmos Hub itself.

The Cosmos Hub's validators can validate multiple chains at once with the same stake. In exchange for this service, consumer chains are expected to send a portion of their fees and inflation to the Cosmos Hub validators and delegators, which will then be included as part of the Cosmos Hub's staking rewards.

Neutron Chain, a Permissionless CosmWasm Platform will be the first chain to use Cosmos Hub's security.

And Noble, an asset issuance chain, possibly the chain on which $USDC will be issued. It's the second consumer chain that will use Cosmos Hub's Interchain Security, as revealed by Cosmos KOL.

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers


LayerZero's Testnet Bridge Causes Argument: Should Testnet Tokens Monetized? - LayerZero announced the launch of its new product, the Testnet Bridge, which gives users a solution to buy Goerli-ETH with their $ETH on the mainnet. The bridge immediately triggered debates among the Ethereum community on Twitter. While many have positive feedback, it is also hit by backlash from a group of people, especially Ethereum developers.

Cosmos Hub's Inter-chain Security Feature now up for Vote: The Cosmos Hub ($ATOM) has proposed an upgrade to adopt the Replicated Security feature. This is the Interchain Security feature previously called.

Blur to Distribute 300 Million $BLUR to the Community in Season 2: NFT marketplace Blur announced that 300m+ $BLUR will be distributed to the community in Season 2. Users with 100% loyalty have the opportunity to maximize their rewards.

Hot projects on the market

Ankr Joins Forces With Tencent Cloud To Offer Enterprise-Grade Blockchain Node Service

Google Cloud Becomes Validator on Tezos Blockchain

$TUSD Becomes First Stablecoin to Programmatically Control Minting with Chainlink's Proof of Reserves

Ethereum Developers Schedule Shanghai-Capella Upgrade on Sepolia Test Network

Other news in case you missed it:

ETHDenver 2023, the largest Ethereum #BUIDLathon, will start from February 24

Hong Kong to Allocate HK$50M to Expedite Web3 Ecosystem Development



NFT MarketPlace



TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

Use TokenInsight App All Crypto Insights Are In Your Hands