1/ Replicated Security is a much-awaited @CosmosHub feature!
Coming with the Lambda Upgrade, currently in voting period.
Considering the importance of this upgrade for #ATOM future...
Today’s thread will address community feedback, starting with Validator Cost & Slashing 👇
2/ Validators will need to run all consumer chains that are approved by governance or face downtime slashing. This is essential to preserve the high-security properties of Replicated Security.
Some are concerned about the cost of running additional consumer chains.
3/ @informalinc, the team leading the development of replicated security are taking several steps to address validator costs:
First, consumer chains will set their downtime window to 3+ days, meaning that validators can be down for a long time before receiving a downtime jail.
4/ This solution will reduce the risk of jailing, the increased leniency means that validators can run consumer chains with less redundancy, cutting costs. This will not pose a problem for the reliability of consumer chains.
5/ Second, @informalinc will help the first consumer chain teams prepare financial projections quantifying the rewards that can be expected by the validators and delegators of the Cosmos Hub. This will help the community decide whether a given consumer chain is worth approving.
6/ Some community members were concerned that a malicious consumer chain could send falsified slashing packets to the Hub, causing validators to be slashed unfairly. This is one of the main reasons that consumer chains need to be audited before the governance proposal.
7/ Although this scenario is very unlikely, it is a valid concern and additional protection is already implemented through a throttling mechanism to slow down the slashing process to allow time to stop this attack.
8/ To make things even safer, changes have been made so that slashes for double signing (the most serious type of consensus offense with the highest punishment) need to go through one additional step of being approved by governance.
9/ This will provide extra safety in the early stages of Replicated Security’s launch.
More information regarding this measure can be found in the Cosmos Hub Forum:
10/ The teams working on the Hub are listening to community feedback and prioritizing security to make sure that the launch of Replicated Security will be a success!
This is the dawn of a new era of development around the #ATOM ⚛️
11/ Cosmonauts, If you wanna dig more on the above thread and have a hint of @informalinc 2023 Cosmos Hub Roadmap, check out this blog post 👇
1/ Cosmonauts! You may have heard that Replicated Security is coming…
By staking #ATOM you will receive multiple new tokens from upcoming Consumer Chains.
The Cosmos Hub is transitioning to become an Interchain Service Provider.
So, in detail, what is Replicated Security?
2/ Replicated Security is a new upcoming feature of the Cosmos Hub, that will be introduced with the Lambda Upgrade (V9).
Originally named Interchain Security (ICS), specifically Interchain Security V1.
As of today the correct term to use is Replicated Security.
3/ Replicated Security is a shared security model. The Cosmos Hub will be able to offer security to new projects launching as Hub-secured consumer chains.
The Consumer Chain is a blockchain that leases security from the Hub.
The team will soon propose the Rho upgrade (v8) to governance, followed by the Lambda upgrade (v9) a few weeks later.
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The Rho upgrade of the @cosmoshub will primarily be a bug fix. The upgrade is currently being deployed to a testnet.
We can expect the Governance proposal, to approve the Rho upgrade, to go live in the coming days.
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Assuming @cosmoshub governance votes Yes, the Rho upgrade will target a specific block height, which will be roughly around 3 days after the end of the governance vote.
In the summer of 2016, @jaekwon & @buchmanster released the @cosmos whitepaper - a new philosophy of blockchain design that transformed the way the world thinks about building, operating, and connecting blockchains.
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The whitepaper was defined by the creation of the Cosmos philosophy and technology stack, the launch of the Cosmos Hub, and the early adoption of IBC.
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At the heart of this @cosmos vision are the principles of sovereignty and interoperability — the right for communities to be sovereign over their own infrastructure and applications, and for sovereign communities to be able to peacefully interoperate with one another.
1/ Interchain Security, built by @informalinc, is a game changing feature to look forward to, allowing the @cosmoshub to share security with other blockchains. Today we look at the feature and it’s roadmap in detail 👇
2/ Interchain Security will provide security to other chains through validation. In a technical sense, the Cosmos Hub validator set will have the ability to validate other blockchains, called consumer chains, alongside the Cosmos Hub.
3/ This enables projects to be secured by staked ATOMs (currently worth ~$3.5B). Read more here: informal.systems/2022/05/09/bui…