Neutron Becomes First Cosmos Chain to Launch on Replicated Security

Neutron will be bringing the benefits of Replicated Security to developers following the passing of proposal 792

article-image

Furkan Cubuk/Shutterstock modified by Blockworks

share

Neutron, a blockchain network designed to bring smart contracts into the Cosmos network by using CosmWasm (Cosmos WebAssembly), has received a green light from the Cosmos Hub, the interchain service provider for Cosmos, to launch on Replicated Security (RS).

After conducting several audits, implementing core modules, and successfully deploying on the testnets, the Cosmos Hub initiated an on-chain vote to determine if Neutron was ready to launch on RS. 

RS, previously known as interchain security, is a shared security model designed by the Cosmos Hub which offers advanced security to projects launching as a consumer chain on the Hub.

Consumer chains are able to benefit from the Cosmos Hub’s validator network and increase their own security through revenue sharing.

Loading Tweet..

The proposal passed with a 61% voter turnout rate on Friday last week. 

Of them, over 90% of community members voted in favor of the proposal, with only 1% voting against and almost 9% choosing to abstain. 

According to Avril Dutheil, the general manager of Neutron, passing proposal 792 will make Neutron the first chain to launch on RS, establishing it as a top-10 proof-of-stake chain by economic security. He believes this will position Neutron as the central, neutral smart-contracting platform for the entire Cosmos ecosystem.

The Cosmos ecosystem is made up of a network of blockchains, but individually launching app chains can often be quite costly, as it is extremely resource intensive and requires complex infrastructure. 

Additionally, as appchains require security to be successful, having a diverse validator set is equally important — something smaller app-chains that are just starting off may struggle with at launch. 

Neutron is designed to resolve this problem by enabling various smart contracts to deploy on the Cosmos Hub. 

“This is a major milestone for the Hub because it demonstrates that the technology is functional and that it can attract promising projects such as Neutron, Duality and Stride,” Dutheil said. “It also helps refine all of the processes involved in launching a consumer chain, making it easier for future projects to join the ATOM Economic Zone.”

Launching Neutron can also bring benefits to the Cosmos Hub as the platform will be able to bring various dapps onto the Hub, generating more revenue without having to search for additional validators. 

Given the challenges that RS faces around its economic model and infrastructure costs, Dutheil believes that Neutron is a great first consumer chain for the Hub to have. 

“By providing developers the ability to launch applications as smart contracts, Neutron essentially allows Replicated Security to scale from day one,” he said. “Through Neutron, developers can enjoy the benefits of Replicated Security without any additional cost to the Hub and its validator set.”


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png

Research

Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.

/

article-image

Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space

article-image

Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?

article-image

Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month

article-image

It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet

article-image

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend

article-image

Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million