Thread by @cheqd_io

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?

🧵

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.

This is valuable since it can automate airdrops or distributions to any account, just from a @cosmoshub addresses.

For new chains in the @CosmosEcosystem, this makes it much easier for the core team and #cosmonauts to discover and utilise their account addresses.

Shoutout to our masterful Engineer @EEAnder1 for his speedy work on this 👏👏👏

Let us know your thoughts and check back tomorrow for another #OpenSourced gem 💎 we think you'll like.

github.com/cheqd/cosmjs-c…