Cosmoverse Conference 2021 kicks off in Lisbon

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The team behind inter­op­er­a­ble blockchain net­work Cos­mos (ATOM) recent­ly host­ed the Cos­mo­verse Con­fer­ence live from Lis­bon, Portugal.

Kick­ing off the two-day event, Zaki Man­ian, co-founder of decen­tral­ized finance, or DeFi, project Som­mel and for­mer lead devel­op­er at Cos­mos and Ten­der­mint (Cos­mos net­work’s core con­trib­u­tor), dis­cussed a num­ber of tech­nolo­gies under devel­op­ment by the Cos­mos ecosystem.

Accord­ing to Man­ian, a devel­op­ment called ABCI ++ will enable the addi­tion of con­sen­sus events on oth­er blockchains to the block pro­duc­tion process, improv­ing the effi­cien­cies of cross-chain bridges and ora­cles on the net­work. Next, devel­op­ers can use dynam­ic IBC (dIBC) func­tion­al­i­ty to intro­duce gov­er­nance pro­pos­als across dif­fer­ent blockchains instead of only IBC token trans­fers. Thirdl, liq­uid stak­ing would allow users to stake their ATOM while receiv­ing a deriv­a­tive of the asset that can be used in DeFi appli­ca­tions. Final­ly, inter­chain accounts are meant to help build mul­ti­chain appli­ca­tions, where decen­tral­ized autonomous orga­ni­za­tions, or DAOs, on one chain can direct­ly con­trol accounts or wal­lets on another.

Sun­ny Aggar­w­al, co-founder of Osmo­sis, a decen­tral­ized exchange, or DEX, on the Cos­mos ecosys­tem, elab­o­rat­ed on the con­cept of liq­uid­i­ty stak­ing fur­ther dur­ing the pan­el. Aggar­w­al explained that coin hold­ers could soon earn bet­ter yields by simul­ta­ne­ous­ly access­ing mul­ti­ple DeFi pools with the same under­ly­ing tokens. He raised the exam­ple of users pledg­ing their Osmo­sis (OSMO) tokens to pro­vide trad­ing liq­uid­i­ty for the exchange, receiv­ing OSMO liq­uid­i­ty provider tokens, and then deposit­ing the same OSMO LP tokens back into a stak­ing pool. So coin hold­ers can har­vest the yield in the LP pool and the stak­ing pool all at once.

In anoth­er seg­ment, Enri­co Tal­in, co-founder of Commercio.network, claimed to have cre­at­ed the first legal­ly-bind­ing blockchain in the world. Its infra­struc­ture stores encrypt­ed ver­sions of users’ per­son­al data, such as vac­cine records, dri­ver’s licens­es, pass­ports, etc. The­o­ret­i­cal­ly, users would be able to send their elec­tron­ic sig­na­ture and proof of iden­ti­ty over the blockchain when request­ed, such as when sign­ing up for a new bank account. The ver­i­fi­er can then con­firm, via decen­tral­ized con­sen­sus, that the sig­na­ture is gen­uine and the doc­u­ments are from a legit issuer.

How­ev­er, no per­son­al data is exchanged on the blockchain, only their proofs. Tal­in then dis­cussed the pos­si­bil­i­ty of cre­at­ing legal­ly bind­ing non­fun­gi­ble token, or NFT, con­tracts that con­firm the own­er­ship of real-world assets. Lat­er this year, pri­va­cy-broad­cast fea­tures, IBC, and legal doc­u­ment NFTs will all be avail­able on Commercio.network.



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