A little bit of chit-chat
A social media discussion occurred around the hashtag #ConsolidateTheChains. Community members from various projects across The Interchain campaigned to decrease the number of sovereign chains due to the lack of product-market fit and developers in many Cosmos appchains, opening up a debate about sovereignty, tokenomics, and more.
One man rule
Crypto Tank has proposed a shift towards centralised leadership to the Juno Network community. Crypto Tank will assume complete control if elected as the network’s leader for six months.
This proposal includes transferring all decision-making and operational authority to Crypto Tank, intending to streamline processes, enhance security, reduce costs, and accelerate development. By consolidating leadership, Crypto Tank aims to enable rapid responses to emerging challenges and opportunities while ensuring strategic planning and oversight of network activities.
If elected, Crypto Tank would receive a monthly salary of $7,500, half of which would be vested in Juno tokens for a year. Additionally, Crypto Tank requests 3.5 million Juno for an operating budget, which will be allocated to expenses, a micro-grants program, and blockchain management.
Initial goals for the first three months include:
Securing blockchain developers
Implementing previous agreements
Delivering an NFT platform
Establishing a micro-grants program to attract smart contract developers.
Crypto Tank emphasizes his extensive involvement in the Juno Network and the broader Cosmos ecosystem, highlighting his commitment to driving progress and sustainability within the network.
Smart Accounts
The introduction of Smart Accounts in Osmosis, initially proposed in the V25 Software Upgrade, significantly changes user authentication and transaction approval processes.
Smart Accounts enable multiple authentication methods for transaction approvals, removing the traditional requirement of signing every transaction with a private key. This development aims to provide a more user-friendly and responsive experience akin to two-factor authentication systems commonly found in centralized exchanges.
Key features of Smart Accounts include the ability to approve transactions for a session, enable one-click trading, automate stop orders based on specific triggers, and support multi-key and multi-device setups. Additionally, the functionality allows for enhanced account setup and recovery using widely adopted authentication technologies such as Face ID, Touch ID, and Passkeys. Access keys can also be configured with rate limits, offering improved security when sharing account access with applications.
The security aspects of Smart Accounts have been thoroughly considered, with an external audit of the Smart Account module revealing no major issues and all minor issues resolved. To further enhance security, the functionality includes a circuit breaker address, controlled by Osmosis contributors, which can disable the Smart Account service if vulnerabilities are detected.