Thread by @cryptoPothu

#Juno 101: smart contracts for all 🔥

Here’s your everything guide to the #Juno network, the sister hub to #Cosmos. Juno is a permission-less interoperable smart contract network that uses proof of stake. Early stakers of the $JUNO token are rewarded generously.

A thread 👇🧵

2. #Juno is a community driven initiative. The goal of Juno is to preserve the neutrality, performance, and reliability of the Cosmos Hub by offloading smart contract deployment to a dedicated sister hub.

3. The #Juno network deploys interoperable smart contracts. This essentially means that the smart contracts are usable across multiple sovereign networks. Juno serves as a sovereign public blockchain in the #Cosmos ecosystem.

4. Smart contracts deployed on #Juno are interoperable with all networks in the #Cosmos ecosystem via the Inter-Blockchain Communication protocol (IBC).

5. #Juno provides a sandbox environment for the deployment of interoperable smart contracts. Juno is a decentralized, permission-less, censorship resistant avenue for developers to launch application specific smart contracts.

6. Developers have the freedom to use popular frameworks and compile smart contracts using languages like Rust, Go, and in the future C and C++.

7. Agreement on the #Juno network is reached via Tendermint BFT consensus. Tendermint BFT is a packages the networking and consensus layers of a blockchain into a generic engine. Developers do not have to worry about complex underlying protocols and can focus on app development.

8. In many ways #Juno is a step ahead of other L1 networks. It does a great job at eliminating common smart contract L1 bottlenecks (poor scalability, non-interoperability, high fees, concentrated governance control).

9. There are many advantages to using #Juno over other L1s like #Ethereum and #Solana including:
• Permission-less base layer
• Native interoperability
• High scalability and security
• Community led core development, liquidity, and ecosystem development

10. The $JUNO token is at the core of the #Juno network. $JUNO is used to secure the proof of stake network and for on-chain governance. $JUNO is also used to pay to deploy interoperable smart contracts (gas). Additionally, $JUNO is used for collateral in some smart contracts.

11. $JUNO holders are able to stake (delegate) their $JUNO to validator nodes on a non-custodial basis. In return they receive a share of the yearly fixed protocol reward allocation. Over a 12 year period (12 Phases) the max supply of 185.562.268 $JUNO will be reached.

12. Fixed yearly network incentives are allocated to delegators that secure the network along the way. Early adopters enjoy the biggest benefit from staking their $JUNO.

13. After 12 years, the reward schedule ends and $JUNO will become deflationary. At that point, incentives would primarily come from tax fees on hundreds of Dapps deployed on the network.

14. The community pool is used to fund ecosystem tooling & initiatives & has a 20.000.000 JUNO protocol allocation at genesis. This brings a lot of freedom for the community to build out a strong ecosystem from day 1.

15. Here’s a breakdown of current $JUNO supply:
• Total Supply: 64.903.242 $JUNO‌
• Circulating Supply: 33.036.534 $JUNO
• Vested: 11.866.708 $JUNO
• Locked in Community Pool: 20.000.000 $JUNO
• Maximum Supply (Reached in 12 years/year 2033): 185.562.268 $JUNO

16. This is what the $JUNO rewards schedule looks like:

17. The #Juno ecosystem is growing rapidly. It’s community driven and there are so many resources going towards development. The #Juno network is also doing a great job rewarding early adopters. There are so many benefits to staking tokens early. This has led to rapid growth.

18. As more applications and protocols join #Cosmos, Juno’s value increases. There’s a lot to be excited for.

19. Accounts for #Juno insights:
@JunoNetwork @CosmosChain @IBC_GANG @davey_0602 @bullishbish @wolfcontract @JunoAirdrops @HopeGalaxyNFT @toppipl
RT would mean a lot!

20. Accounts for #Juno and #Cosmos insights:
@Route2FI @CryptoLikeMo @WilsonWithiam @defislate @_charlienoyes @danrobinson @youssef_amrani @etoeth
@sandraaleow @paradigm @Darrenlautf @NicolasVnghe @willdphan @catdotfish @masonnystrom @HighCoinviction @TheTIEIO
RT would mean a lot

More accounts for #Juno and #Cosmos insights:
@KnowYourStaFi @ZoltanAtom @Secretmansam @circlefi_ @_GAME_official @cosmoscoffeeDFI @Cosmos_Tic @Cosmos_Airdrops @womenfromcosmos @CosmosEcoChat @CryptoLikeMo @CosmosImpulse @COSMICJOHNNYM @CosmosEcosystem @timalexandre

Hope this was insightful. I spent a lot of time writing this so a like and RT would mean a lot! I write about chains and NFTs everyday so follow to keep up. Here are some of my past threads:

https://twitter.com/pothuEth/status/1506005969666383877