1/ $ATOM | Voting Proposal: Deployment of Gravity Bridge on the @Cosmos Hub ⚛️
Gravity is a completely non-custodial & cross-chain bridge to transfer assets between the Cosmos ecosystem and other heterogeneous blockchains like Ethereum, Polkadot, etc.
No centralised key owners.
2/ $ATOM | Bridge Run by the Validators of the #Cosmos ⚛️ Hub
It’s good to note that transactions will be batched like in the GravityDEX making them faster and cheaper to execute.
Technical details on how the cross-chain transfers of the bridge work 👇
3/ $ATOM | Bridge Components
Gravity consists of 4 parts:
•#Ethereum contract called Gravity.sol
•Gravity Cosmos module
•Orchestrator program run by Cosmos validators alongside the Gravity module
•A market of relayers, who compete to submit transactions to $ETH
4/ $ATOM | Governace
The Gravity bridge is designed with the assumption that the total amount of funds in Gravity.sol is less than the value of the validator set’s total staked tokens.
An undergoing audit with Informal Systems estimated to be completed by the end of July, 2021.
5/ $ATOM | The Gravity Bridge is being developed by the @AltheaNetwork, @ttk314 and other @Cosmos devs.
This Proposal is made so that the community can vote if the Gravity Bridge 🌉 should be deployed on the #Cosmos ⚛️ Hub in its current form.
6/ $ATOM | Gravity Bridge - FAQ
The launch of this decentralised and non-custodial bridge is a historic moment for @Cosmos and the #crypto / #blockchain universe in its entirety.
#IBC & Gravity: The Internet of Inter-connected Blockchains
Source: github.com/cosmos/governa…
/fin
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.