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Day 2 of our #opensource -athon and another useful tool
@cheqd_io's cross-chain address convertor is able to automate the derivation of any chain address from the #cosmoshub address.
github.com/cheqd/cosmjs-c…
So, why is this useful?
🧵
@cheqd_io's cross-chain address convertor is able to automate the derivation of any chain address from the #cosmoshub address.
github.com/cheqd/cosmjs-c…
So, why is this useful?
🧵
There is an assumption in the @CosmosEcosystem that wallet addresses across different chains, such as, @cosmoshub, @osmosiszone and @cheqd_io, are all identical.
This is because they all look very similar.
However, each chain's wallet address is actually unique
This is because they all look very similar.
However, each chain's wallet address is actually unique
Interestingly, each network's wallet address can be derived using a common derivation path from the #cosmoshub wallet address.
Using one derivation path #BIP44 means that users that use one secret recovery phrase and core account to interact with multiple networks.
Using one derivation path #BIP44 means that users that use one secret recovery phrase and core account to interact with multiple networks.
