Unlocking a New Era of Development with Replicated Security
Congratulations to the @informalinc team and the @cosmoshub community for the launch of Replicated Security! This new disruptive technology for Shared Security finds its roots in #IBC, unlocking reliable and permissionless interoperability and new use-cases.
Cosmos - Internet of Blockchains ⚛️
The open, scalable, and interconnected economy of the future: the Interchain.
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1/ Congratulations to the @informalinc team and the @cosmoshub community for the launch of Replicated Security!
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
Unlocking a new era of development around #ATOM ⚛️
This new disruptive technology for Shared Security finds its roots in #IBC 👀🧵 pic.twitter.com/6TfAOVSrVR -
2/ IBC is the Inter-Blockchain Communication protocol that gave birth to the #Interchain
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
It is the key piece of innovation that validated the app-chain thesis of #Cosmos by unlocking reliable and permissionless interoperability. -
3/ But more than that, #IBC is a key that unlocks new use-cases & lays the foundation for new applications.
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
One of these is Cross-Chain Validation, the essential component of Interchain Security (ICS).
From #IBC to #ICS, Cross-Chain Validation is an extension of IBC. -
4/ So how does it work?
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
Cross-Chain Validation (CCV) enables the @cosmoshub to provide security to multiple consumer chains.
The communication between the Cosmos Hub and the Consumer Chains happens through IBC over a unique ordered channel. -
5/ CCV is a primitive that enables arbitrary shared security models, by enabling chains to rent security from more established chains (Cosmos Hub), in order to boost their own security, and increase the cost of attacking their networks.
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023 -
6/ In simple terms, CCV is an application module leveraging the IBC transport layer, similar to other application modules such as token transfer, Interchain Accounts and Interchain Queries.
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
IBC empowers and enables those applications, fueling innovation. -
7/ Moreover CCV has a specific use case for the @cosmoshub, because it supports ‘Hub Minimalism’.
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
Keeping the Hub as simple as possible, in order to decrease the attack surface. While more distinct features such DEXs or smart-contracts can be developed on Consumer Chains. -
8/ #IBC is unlocking a new wave of interoperable applications with the potential to revolutionize the blockchain space.
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
A new standard of communication for an interconnected future.
Be the pioneer of this new world of possibilities, enter the #Interchain -
9/ Curious to dig more into the Cross-Chain Validation concept?
— Cosmos - Internet of Blockchains ⚛️ (@cosmos) March 16, 2023
Feel free to explore the docs 👇https://t.co/IPNshWwdog