Cosmos Hub Postpones Vote Date On New Security Model Proposal

After two respective postponements, the Cosmos’ vote date to approve proposed changes to the network’s Hub has now been fixed to October 31.

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The proposed changes by the Cosmos developers are said to mark Cosmos Hub’s transition to the next phase as an infrastructure service platform and a renewed role for ATOM as preferred collateral within the Cosmos Network.

According to the proposal document, the Cosmos Councils, formed by domain-specialized entities, would be in charge of the proposed plan and also be responsible for the execution of development and operations.

The proposal on-chain voting was initially scheduled for October 3, prior to the project’s updated version of its white paper, which the initial version was introduced in September. 

The whitepaper proposed the project’s plan to rebuild its Hub to be more interoperable and secured with a mechanism called interchain security. This mechanism allows application-specific chains in the Cosmos ecosystem to secure themselves using the Cosmos Hub.

The whitepaper also included critical changes to the Cosmos token (ATOM), with a new issuance model focused on striking an improved balance between growth and interchain adoption of the ecosystem while still maintaining the security provided by the original regime – according to the whitepaper.

Another sector the whitepaper centers on are two functionalities, namely Interchain Scheduler and Interchain Allocator, including a new optimized issuance regime for liquid staking.

Cosmos is an interoperability ecosystem of several blockchains that can scale and interact with one another using the Inter Blockchain Communication (IBC) protocol via the Cosmos Hub. 

The Cosmos Hub is the first blockchain built in the Cosmos ecosystem; it initially acted as an intermediary between other interconnected blockchains.

Coupled with Cosmos’ updated version of its white paper, the ecosystem has so far proved to be a developing one. It has a total of 14 chains inhabiting the ecosystem, with Cronos chain being the most dominant with a total value locked of roughly $810.71 million, according to data from DeFiLama.

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Cronos Builds Partnership With Chainalysis

Blockchain network Cronos announced a partnership with blockchain data platform Chainalysis.

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The announcement stated that the integration of the two firms will provide institutions, digital asset exchanges and cryptocurrency funds to monitor transactions of CRC-20 tokens.

Cronos is the first Ethereum-compatible blockchain network built on Cosmos SDK technology backed by Crypto.com.

Chainalysis KYT (Know Your Transaction) – the real-time transaction monitoring solution for compliance – is now available, the announcement said.

Following the partnership, users can now monitor large volumes of CRC-20 token activity and identify high-risk transactions on a continuous basis by leveraging Chainalysis.

Meanwhile, Chainalysis Reactor – the cryptocurrency investigations solution – is under development and will be available to the public later this year for enhanced due diligence for Cronos token and all CRC-20 tokens deployed on the Cronos blockchain.

The investigations solution will allow activity compliance teams to focus on urgent activities and fulfil their regulatory obligations to report any suspicious activity by receiving real-time alerts on the highest-risk activity.

The announcement also said that integration will allow further advancement in institutional adoption of the Cronos blockchain and digital assets deployed on Cronos. It will provide the tools and infrastructure necessary to meet these stakeholders’ security and compliance requirements.

“We are committed to delivering a best-in-class developer experience on Cronos. Application builders and service providers will have access to the most advanced tools and services. The Chainalysis data platform is one of these essential foundations, especially for operators of onramp/offramp services and anyone who needs to identify potentially high-risk transactions,” Ken Timsit, Managing Director of Cronos, said.

“Over the past year, we’ve seen tremendous growth in DeFi and web3, and it’s still early days,” said Thomas Stanley, President & Chief Revenue Officer, Chainalysis. “We are thrilled to partner with a leader like Cronos to ensure that as this exciting ecosystem continues to grow, it does so safely and compliantly.” 

With an open-source Layer 1 chain, Cronos has been aiming to massively scale the DeFi and dApp (Web3) user community. 

The company has been helping builders instantly port apps and crypto assets from other chains for low transaction fees, high throughput and fast finality.

Live since November 2021, Cronos mainnet is already home to more than 200 partners, 450,000 DeFi and NFT users. 

Cronos is powered by the Cronos ($CRO) cryptocurrency and it counts more than ten million holders and users worldwide.

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Crypto.com Coin Rallies Another 25% as Firm Aims for Mainstream Adoption



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Crypto.com’s native token CRO has continued its multi-week rally, gaining another 25% after becoming the first cryptocurrency platform to achieve SOC 2 compliance. Crypto.com also announced it had bought the naming rights to LA Lakers’ home arena earlier this month.  

Crypto.com Coin Nears $1

Crypto.com’s native token is soaring off the back of a string of major announcements. 

CRO spiked 25% Tuesday following the exchange’s successful completion of a Service Organization Control (SOC) 2 Audit.


The audit, conducted by globally recognized consulting firm Deloitte, affirms that Crypto.com’s information security practices, policies, procedures, and operations meet all SOC 2 standards. Crypto.com is the first crypto exchange to achieve SOC 2 compliance.

The SOC 2 compliance has helped CRO reach gains of 384% over the past month and is only the latest development in a run of bullish catalysts.

CRO/USD chart. Source: CoinGecko

At the end of October, Crypto.com announced a $100 million advertising campaign, releasing its “Fortune Favors the Brave” advertisement starring actor Matt Damon. Last week, the exchange also made headlines when it paid $700 million to acquire the naming rights for LA’s iconic Staples Center, renaming it to the Crypto.com Arena in a 20-year deal. 



Crypto.com is also making efforts to improve its user experience. At the start of November, the exchange announced support for deposits and withdrawals on Cronos, a new, scalable EVM-compatible chain developed by the Crypto.org team. Cronos will work in tandem with the existing Crypto.org Chain and aims to scale the DeFi ecosystem by providing developers with the ability to rapidly port apps from Ethereum and EVM-compatible chains. 

The recent positive price action makes the CRO the 12th largest cryptocurrency by market capitalization. The coin currently trades at $0.93 and is quickly approaching the $1 milestone. Whether it will be able to break this strong psychological level remains to be seen.

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Crypto.com supports Cronos cross-bridge mainnet beta launch

Cronos has announced the launch of its mainnet beta in a bid to facilitate greater interoperability between the Cosmos and Ethereum Virtual Machine (EVM) ecosystems.

The release will enable developers to port decentralized applications (dApps), and smart contracts from Ethereum and EMV-compatible chains to the Cronos network at a low-cost and fast speed due to its Inter-Blockchain Communications (IBC) protocol integration. This will offer accessibility to Crypto.com’s 10 million-strong customer base.

Built upon the Cosmos blockchain and powered by Ethermint — a proof-of-authority consensus mechanism — Cronos operates adjacent to the Crypto.org chain.

In the days prior to the launch, the Cronos team published a Medium blog post to explain the intricate process of bridging assets cross-chain, for instance from Crypto.com’s ecosystem to Cronos, or bridging the platform’s native token CRO from Crypto.org’s chain to the Cronos chain via IBC.

Cronos announced their testnet service in July this year, and have reportedly since facilitated 1.5 million transactions from over 600,000 wallet addresses. At the time, Crypto.com’s CEO and co-founder Kris Marszalek said he expects an “explosion of activity on Cronos,” as well as pledging to foster the success of developers’ projects from inception to deployment.

This advocacy was demonstrated by the launch of a $100 million grant fund by blockchain accelerator Particle B, designed to equally allocate $1 million to one hundred projects deploying their applications on the Crypto.org chain.

Related: Crypto​.com is the #1 app in the Google Play Store in the US

Since launch, the Cronos ecosystem has attracted over twenty validators including Bison Trails, a number of prominent decentralized oracles including Chainlink and Band Protocol, Wallets Metamask and Crypto.com, as well as partnerships with DeFi, NFT and gaming platforms and projects.

The Cronos roadmap going into Q1 and Q2 of 2022 outlines intentions to launch the mainnet version of Gravity Bridge, as well as integrate additional IBC channels and IBC tokens whitelist.