32 days ago • cryptodaily
Cosmos Hub To Initiate Rho Network Upgrade Today
Cosmos Hub is set to undergo its Rho upgrade today, which will be executed at block height 14099412. The update will add a global fee module which will improve the security of the Cosmos Network.
The upgrade will be the last major upgrade before the eagerly anticipated Replicated Security release.
Rho Upgrade Set For Launch
The Cosmos Hub, the main chain of the Cosmos ecosystem, is all set for the Rho network upgrade, scheduled for mainnet launch on Thursday, the 16th of February, 2023. The upgrade will be executed at block height 14099412 and is the last major upgrade on the network before the release of the highly anticipated Replicated Security. The upgrade will begin laying the groundwork for the upcoming Interchain Security system, set to be released in the first quarter of 2023.
However, the Hub team has cautioned users that they could face some downtime during the execution of the upgrade.
What Is The Rho Upgrade?
The road to Rho has been a long one. Over the course of its development, the future set for Rho had seen continuous change. The Rho upgrade was initially intended to ship with Cosmos SDK v0.46, along with improvements in Groups and Governance. However, thanks to several contributing factors, it was decided that the upgrade would ship with the Cosmos SDK 0.45 release line. Furthermore, a number of features from the Cosmos SDK v0.46 release line will show up in future Cosmos Hub releases.
The current Rho upgrade consists of several minor improvements, along with an extensive update to testing infrastructure. It also includes the addition of a new Global Fee module, which TGrade has developed. This Global Fee software module will enable the collection of transaction fees from users around the globe. According to a statement by Cosmos, the aim of the upgrade is to improve the overall security of the Cosmos Network by reducing the likelihood of validators colluding with each other or misbehaving.
The successful implementation of the Rho upgrade will clear the path for Replicated Security, which will see the addition of a host of consumer chains into the Cosmos ecosystem. Users looking for more information and wishing to get up to speed with the upgrade process can do so through the Cosmos GitHub page.
The Cosmos Ecosystem
The Cosmos ecosystem consists of over 200 blockchains where developers can build and deploy application-specific chains. The Cosmos Network relies on several core technologies and frameworks, such as Tendermint Consensus and the Cosmos Software Development Kit. Through these technologies and frameworks, it is able to create individual chains such as Kava, Injective, Osmosis, Thorchain, Evmos, and Canto. Furthermore, the chains are connected with one another through the Cosmos Hub and the Inter Blockchain Communication (IBC) communication protocol.
As mentioned earlier, the Rho upgrade creates the groundwork for the Interchain Security update, which is slated for release during the first quarter of 2023. The update will enable individual chains in the Cosmos ecosystem to secure themselves using the same security validators that help run the Cosmos Hub, which acts as a hub for other blockchain networks in the ecosystem and enables interoperability and cross-chain communication.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
60 days ago • cryptopotato
Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability
[PRESS RELEASE – San Francisco, California, 18th January 2023] Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3. Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of […]
61 day ago • cryptodaily
Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability
San Francisco, California, 18th January, 2023, ChainwireToday, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3.
Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem.
Unlocking Cosmos Liquidity
Coinbase's native integration with Kava allows for easy listing of Kava ecosystem projects, KAVA staking on Coinbase, and unlocks DeFi usage for Coinbase users on Kava. Additionally, Kava worked with the Coinbase team to make it significantly easier for Cosmos chains to list on the exchange, unlocking access to liquidity for Cosmos projects and further driving the adoption and growth of the entire Cosmos ecosystem. The entire process whittles the timeline for integrating Cosmos SDK chains to Coinbase from 12-18 months to a single month. Cosmos chains can now be integrated as easily as ERC-20 tokens. A major step forward to increasing liquidity within the Cosmos Ecosystem
“It’s exciting to see Kava listed on the largest US-regulated exchange. Coinbase sets the standard as the most important on-ramp for new users and capital into the blockchain ecosystem. I look forward to growing Kava’s exposure to new users, which will have downstream effects for all protocols in the Kava Rise program and the Cosmos ecosystem.” — Scott Stuart, CEO of Kava Labs
Fueling Protocol Growth with Kava Rise
Kava was built from the ground up to optimize its resources for protocol growth, strengthened by its Cosmos-EVM technology that enables maximum scalability, speed, security, and developer support. In 2022, Kava combined on-chain and off-chain growth mechanisms into a single developer incentive program called Kava Rise.
Kava Rise aims to set a new standard for enabling growth and demand for thousands of Web3 protocols. Builders earn a share of Kava Rise's $750M developer incentive fund via the program's blockchain-based distribution method, designed to reward the top protocols every month based on usage. More than 50 protocols like Curve Finance, Sushi, and Beefy Finance have collectively brought more than $15M TVL into the ecosystem, showcasing the program’s ability to enable protocols to grow and thrive regardless of market conditions.
Kava charges Web3 growth with the best on-chain incentives and Cosmos-EVM sidechain tech. Join the network bringing millions into Web3 at kava.io
ContactMedia ManagerGuillermo CarandiniKava [email protected]