Discover and read the best of Twitter Threads about #cosmoshub

Most recents (5)

Draft of ATOM ONE constitution:… ; Call for contributions (by PR and issues); Disclaimer, I only worked on this for 3 hours, this is very rough. It's a good time to contribute. @cosmos #cosmoshub
@cosmos The notion that ATOM is a "memecoin" ignores the obvious and original business model for the hub -- token transfer fees. Bitcoin and Ethereum gas transaction fees are in the 10s/100s of millions, and we haven't even gotten to VISA scale yet. ATOM is not money, it's VISA shares.
And FED shares. It's an alternative to the status quo that Bitcoin originally wanted to be, but more. Well, imagine what kind of social manipulation we must be under, to be pursuing such a dream.
Read 16 tweets
A lengthy thread on $ATOM 2.0 #Tokenomics and why I am concerned. This commentary is the perspective of a long-term #ATOM holder, and my hope is that this thread will spark a vibrant, honest discussion in the #CosmosEcosystem and the broader #crypto community.
1) First, a brief history. The Cosmos team, led by Ethan and Jae, raised ETH and BTC in 2017 to support the development of an “Internet of Blockchains’ vision. Token sales were conducted privately and publicly via a 2017 ICO managed by the Interchain Foundation (ICF).
2) A total of 236,199,509 ATOM were sold for ~$18mm, 10% of which went to Tendermint Inc (now @ignite_com) and 10% to the @interchain_io.
Read 22 tweets
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.…

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
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.
Read 5 tweets
I decided to figure out how often I should be compounding my #CosmosEcosystem staking rewards, and it's actually nowhere near as often as I thought:

I was also surprised to learn the following about some popular #IBCgang coins, including which coin 100% shouldn't be staked... ImageImage
1. Background: All Proof-of-Stake coins in circulation are effected by inflation, and then the staked coins receive those newly created coins as rewards. Starting with Juno...
2. JUNO:
APR: 87.53%
APY: 139.21%
Inflation: 40%
Net staking yield: 99.21%

Read 11 tweets

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