A little bit of chit-chat
Osmosis announced the introduction of native Wrapped Bitcoin (WBTC), a strategic move that aims to bring Bitcoin liquidity to the Cosmos ecosystem
Accelerating
The Atom Accelerator DAO has published a transparency report in the Community Forum detailing progress in various grants designed to improve the Cosmos ecosystem's infrastructure and governance. The report includes updates on key projects, such as the completion of Stride's Liquid Staking & LP middleware, which aims to enhance liquidity management within Cosmos, and the achievements of the Fairblocks initiative in advancing private governance through the development of encryption and privacy-enhancing modules for the Cosmos SDK. These efforts contribute to the ecosystem's security, transparency, and governance capabilities.
In business development and growth, Amulet Finance has launched a testnet for their self-repaying loans service, signalling interest and activity in their product. Mystic Labs has shifted focus from its gas fee flexibility module due to technical challenges, highlighting the adaptability of projects within the DAO. Range Security has improved ecosystem security and monitoring with open-source rules and real-time dashboards for anomaly detection, emphasizing a commitment to the Cosmos infrastructure's integrity and reliability.
The DAO's involvement in tokenomics, including the on-chain approval of Binary Builders' ATOM Alignment Treasury and the application of BlockWorks Research's findings to adjust the Cosmos Hub's inflation rate, reflects an effort to refine economic models within the ecosystem. Supporting initiatives like the LongHash Accelerator and Messari Research aligns with the DAO's goals to promote innovation, security, and sustainable growth in the Cosmos ecosystem.
An Interchain Orchestra
Over the past two years, the interchain ecosystem has seen significant expansion, fueled by a shared goal to create interoperable assets and services. This rapid development presents a challenging task for developers: navigating and programming within a densely interconnected network of blockchains. To address this issue, Agoric has introduced Orchestration, a framework that simplifies the coordination of assets and services across multiple chains.
The Orchestration framework utilizes well-established transport technologies, including the Inter Blockchain Communication Protocol (IBC) and Axelar’s General Messaging Passing (GMP). It tackles the main technical challenge of ensuring contract logic continuity across different blockchains. Traditional methods have struggled with the synchronous nature of blockchain operations and the limitations of existing communication protocols, which often do not support a fluid transition of activities from one blockchain to another. For instance, a user looking to perform a series of transactions dependent on each other across different chains — like exchanging tokens on one blockchain before staking them on another — would usually have to initiate each step in the process manually.
Orchestration offers a solution by employing smart contracts to facilitate and automate cross-chain transactions. It features asynchronous and multi-blockchain execution capabilities bolstered by on-chain timers and the interoperability provided by IBC and GMP. This mechanism enables the creation of intricate, automated workflows where the completion of a task on one blockchain can automatically trigger the subsequent step in the sequence, whether on the same or a different chain, thus eliminating the need for manual execution at every stage. By doing so, Orchestration removes the intricacies of managing cross-chain communications, allowing developers to focus on developing more complex and cohesive applications within the multi-chain environment.
Wrap Up
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