This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.
As issues of scalability and interoperability become a major problem in the blockchain space, cross-chain network Cosmos has launched a new blockchain solution named Sagan.
On Tuesday, the firm announced that the Sagan’s blockchain solution would allow developers to experiment with new protocols.
Cosmos had teased the release of the blockchain with a video message accompanied with a quote from Carl Sagan, the famous astronomer, and an image of a canary.
Cosmos and Its Sagan
Before the announcement, Cosmos was working to release Optimint, a scaling solution that will allow developers to build Cosmos-based blockchains which can be deployed in clusters. Cosmos was built on the Tendermint frame and the intention is to make Optimint a drop-in replacement.
A source familiar with the development said the canary symbol on the Sagan blockchain is an indication that it will be a canary network. The canary concept — a blockchain that controls testnets used to try protocols before they go mainnet — was first coined by Polkadot and Kusama network.
After launching its inter-blockchain communication protocol in March this year, the company grew. This protocol allows the seamless transfer of digital assets compatible with blockchains, also covering those in DeFi.
Comos’ Steady Growth
Data from the last 30 days suggests that Cosmos has had over 1,285,426 transfers across its ecosystem. Cosmos, which is said to be the second-largest ecosystem in the crypto space after Ethereum, has secured more than $120 billion worth of digital assets with over 250 blockchain apps and services in the network.
Cosmos recently signed a partnership with Starport, an all-in-one platform to build, launch, and maintain any crypto application on a sovereign and secured blockchain. Part of the deal allows developers to create their blockchains and freely connect them to the Cosmos ecosystem. Developers would also have the opportunity to list their tokens on any of the network’s decentralized exchanges, and get noticed in the crypto world.
Cosmos is also partnering with Forte, a blockchain gaming platform, to build gaming solutions. The partnership will allow Cosmos developers to work with Forte to ensure that all third-party game developers on the Forte platform can access Cosmos’ technology and easily integrate their games with the Cosmos network.
Forte will also add ATOM and other Cosmos-enabled currencies, such as stablecoins, to the Forte network to be used as payment, liquidity, or collateral for users. Cosmos considers all of these achievements a great milestone.
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks