1/ CometBFT is a state machine replication engine for the #Interchain
@cometbft offers advanced control over the replication engine, and access to a broader set of features.
This week we introduce CometBFT v0.37
Let's discover the new features 👇
2/ v0.37 introduces ABCI1.0, which provides application developers access to two new methods: `PrepareProposal` and `ProcessProposal`.
These new ABCI methods can impact the way developers are building their application.
3/ For example by improving latency of Interchain apps by unlocking optimistic execution.
How does this work for a blockchain using CometBFT?
4/ Imagine that the application is aware of the Block being proposed even before it is approved. We are talking of ‘’immediate" execution.
An application can compute the state that results from applying the transactions in a block while the block is still a candidate.
5/ If the network agrees to that proposal and commits the block, then the application will already have executed it.
This will lead to improved latency and faster execution. For this reason, immediate execution is also called optimistic execution.
6/ @SeiNetwork has been pioneering optimistic execution with the result of being the fastest L1 chain to finality on the market today at 600ms.
CometBFT is advancing the #Interchain to new horizons, boosting performance and unlocking new use cases.
7/ Keep an eye on @cometbft because the v0.38 will introduce the much-awaited ABCI 2.0 (two other new methods, which together with ABCI 1.0 comprise ABCI++)
1/ Let’s take a look at the #HackATOM Seoul 2022 competition winners!⚛️
For interoperability:
1st - A41, @a41_allforone team’s project on liquid staking which proposes an alternative to stable swap for trading things with a known discounted asset
2/ 2nd - Team @Blazarbit who developed a multi chain DEX routing tool
3rd - Empower Team with their project focused on a cross-chain trading mechanism
3/ For Interchain Security:
Nodeinfra took the prize with their project. They built a governance module modification allowing votes impacting the consumer chain to be considered by tokens gathered from both the provider and consumer.
We’d like to offer some words of wisdom, guidance and perspective in these trying times.🧵👇
2) Firstly, this past week has been extremely difficult for the Terra ecosystem & the community of builders & investors that have supported the project since its inception.
Community values like unity, integrity & transparency will play a vital role in the weeks ahead. 💜💙💛
3) What makes the @cosmos community so special is a core principle of sovereignty, but also solidarity with our neighbors.
Bold experimentation with cutting edge technology compels us to consider how we support our fellow builders. 👩🏼🚀👨🚀
1/ Bringing DeFi to Cosmos: 11 Reasons to get excited about Gravity DEX, Gravity Bridge, and more
⚛️ If IBC is the biggest development in Cosmos, Gravity DEX is the most significant for the Cosmos Hub. Why? Because it unleashes enormous potential to increase its utility. 🧵⬇️
2/ Gravity DEX incentivizes other chains to connect to it
🤝 bringing #DeFi to Cosmos & generating unlimited transactions—and fees that will go directly to the Cosmos Hub.
⚛️ Let's take a closer look at this and ALL the other reasons you should be excited about Gravity DEX! ⬇️
3/ More Utility for the Cosmos Hub ⚛️
Using IBC, Gravity DEX enables permissionless swaps & pools of tokens between any 2 blockchains in the Cosmos or beyond, meaning way more utility for the Cosmos Hub. The Cosmos Network alone is a burgeoning ecosystem worth ~ $140bn! 🤩 ⬇️
🔊Today @Cosmos has enabled Inter-Blockchain Communication (#IBC) transfers on the Cosmos Hub, making it possible for sovereign blockchains to transfer digital assets (tokens) and data b/w one another.
As of March 29th 8:45AM UTC, a parameter change on the Cosmos Hub has enabled IBC-compatible blockchains to send their tokens to the Hub, as well as allow the Hub’s native ATOM tokens to be transferred to other blockchains.
The introduction of IBC greatly expands the realm of possibilities for blockchain applications. IBC can be used to transfer both fungible (cross-chain payments) and non-fungible tokens between chains, allowing for interchain token exchanges and NFT marketplaces.
🏆 Cyber AI Bounty by @cyber_devs
💰Amount: $5000 USD in GCYB
Launch a smart contract that creates cyberlinks and talks to other contracts using IBC.
See full details 👉 hackatom-ru.devpost.com/details/prizes