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๐๐ฎ๐ง๐จ ๐๐๐ญ๐ฐ๐จ๐ซ๐ค: ๐ญ๐ก๐ ๐ฎ๐ฅ๐ญ๐ข๐ฆ๐๐ญ๐ ๐ญ๐ก๐ซ๐๐๐ ๐งต
Juno is the most debated project in the Cosmos Ecosystem, and this thread will shed light on everything. Read till the end.
๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ
โขUnveiling the Basics ๐ฅ
โขHistory & mistakes ๐ป
โขThe bright future๐ฑ
Juno is the most debated project in the Cosmos Ecosystem, and this thread will shed light on everything. Read till the end.
๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ
โขUnveiling the Basics ๐ฅ
โขHistory & mistakes ๐ป
โขThe bright future๐ฑ
2/29
๐๐ง๐ฏ๐๐ข๐ฅ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐๐ฌ ๐ ๏ธ
@JunoNetwork is a permissionless smart contract network built using the Cosmos SDK and reaches network agreement via Tendermint Consensus. Thanks to the IBC, it is highly interoperable with all networks in the Cosmos ecosystem.โก
๐๐ง๐ฏ๐๐ข๐ฅ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐๐ฌ ๐ ๏ธ
@JunoNetwork is a permissionless smart contract network built using the Cosmos SDK and reaches network agreement via Tendermint Consensus. Thanks to the IBC, it is highly interoperable with all networks in the Cosmos ecosystem.โก
3/29
Juno supports the deployment of contracts in multiple languages via the @CosmWasm module, which comes with unique advantages compared to other popular Web3 frameworks such as: โขIncreased Security๐ก๏ธ
โขEfficiency & Performance๐
โขInteroperability & Portability๐
Juno supports the deployment of contracts in multiple languages via the @CosmWasm module, which comes with unique advantages compared to other popular Web3 frameworks such as: โขIncreased Security๐ก๏ธ
โขEfficiency & Performance๐
โขInteroperability & Portability๐
4/29
Thanks to CosmWasm's superpowers, Juno prevents almost all the known risk vectors of Ethereum. DeFi hacking is an ordinary thing on EVM chains (using Solidity), but not on Juno. Juno is not only more secure but also more efficient.๐ฅ
Thanks to CosmWasm's superpowers, Juno prevents almost all the known risk vectors of Ethereum. DeFi hacking is an ordinary thing on EVM chains (using Solidity), but not on Juno. Juno is not only more secure but also more efficient.๐ฅ
5/29
In short, CosmWasm allows you to use familiar, powerful, and safe languages to write highly performant and secure smart contracts. These smart contracts can be deployed to a number of different blockchains and even communicate across blockchains via IBC. ๐
In short, CosmWasm allows you to use familiar, powerful, and safe languages to write highly performant and secure smart contracts. These smart contracts can be deployed to a number of different blockchains and even communicate across blockchains via IBC. ๐
6/29
๐๐ก๐ ๐ข๐ง๐ญ๐๐ซ๐๐ก๐๐ข๐ง ๐ข๐ง๐๐ฎ๐๐๐ญ๐จ๐ซ โต
Juno is pioneering CosmWasm adoption by encouraging rapid project development and iteration, allowing involvement, and assisting projects in determining product-market fit before launching their own Mesh-Secured L1.๐ค
๐๐ก๐ ๐ข๐ง๐ญ๐๐ซ๐๐ก๐๐ข๐ง ๐ข๐ง๐๐ฎ๐๐๐ญ๐จ๐ซ โต
Juno is pioneering CosmWasm adoption by encouraging rapid project development and iteration, allowing involvement, and assisting projects in determining product-market fit before launching their own Mesh-Secured L1.๐ค
7/29
Juno offers some amazing tools that make it a lot easier for a developer to deploy their very own dApp. While new modules and tools are constantly being developed, in this thread we will only refer to DaoDao, Komple and FeeShare!๐ค
Juno offers some amazing tools that make it a lot easier for a developer to deploy their very own dApp. While new modules and tools are constantly being developed, in this thread we will only refer to DaoDao, Komple and FeeShare!๐ค
8/29
๐๐๐๐๐๐ โฏ๏ธ
DaoDao is critical to the Interchain Incubator's narrative. It enables devs to create their own governance structures, allowing them to spend less time on this and more time on their main product. Juno will soon use it for its core governance.๐ข
๐๐๐๐๐๐ โฏ๏ธ
DaoDao is critical to the Interchain Incubator's narrative. It enables devs to create their own governance structures, allowing them to spend less time on this and more time on their main product. Juno will soon use it for its core governance.๐ข
9/29
๐๐จ๐ฆ๐ฉ๐ฅ๐๐
Komple Framework is a framework for building NFT-based apps. Anyone can create the entire NFT infrastructure for a dapp without writing a single line of code, or create custom modules (for specific functionality to be added to the base framework).๐ง
๐๐จ๐ฆ๐ฉ๐ฅ๐๐
Komple Framework is a framework for building NFT-based apps. Anyone can create the entire NFT infrastructure for a dapp without writing a single line of code, or create custom modules (for specific functionality to be added to the base framework).๐ง
10/29
๐ ๐๐๐๐ก๐๐ซ๐ข๐ง๐ ๐
This is a mechanism that enables developers and communities to earn Juno income passively for their contract work, without requiring additional funds from users. As usage and popularity of the application grows, so does the income.๐ฐ
๐ ๐๐๐๐ก๐๐ซ๐ข๐ง๐ ๐
This is a mechanism that enables developers and communities to earn Juno income passively for their contract work, without requiring additional funds from users. As usage and popularity of the application grows, so does the income.๐ฐ
11/29 ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ฒ & ๐ฆ๐ข๐ฌ๐ญ๐๐ค๐๐ฌ ๐
Juno is a community owned and operated network. The majority of the genesis supply was airdropped to atom stakers, committed to the community pool, and to the development reserve for ongoing development of the Juno Network features.๐ช
Juno is a community owned and operated network. The majority of the genesis supply was airdropped to atom stakers, committed to the community pool, and to the development reserve for ongoing development of the Juno Network features.๐ช
12/29
Juno has undoubtedly the ๐จ๐ฉ๐ง๐ค๐ฃ๐๐๐จ๐ฉ ๐๐ค๐ข๐ข๐ช๐ฃ๐๐ฉ๐ฎ in Cosmos and the highest participation record in a single governance proposal ever(98% turnout in the controversial proposal 16) while consistently ranking among the top chains in terms of active users!๐ณ๏ธ
Juno has undoubtedly the ๐จ๐ฉ๐ง๐ค๐ฃ๐๐๐จ๐ฉ ๐๐ค๐ข๐ข๐ช๐ฃ๐๐ฉ๐ฎ in Cosmos and the highest participation record in a single governance proposal ever(98% turnout in the controversial proposal 16) while consistently ranking among the top chains in terms of active users!๐ณ๏ธ
13/29
Juno's core-team consists from talented builders of Cosmos and Web3 in general. However, ๐ ๐จ๐๐ง๐๐๐จ ๐ค๐ ๐ข๐๐จ๐ฉ๐๐ ๐๐จ made Juno one of the most controversial networks in the cryptocurrency industry and brought it where it is now. Let's see them all one-by-one.
Juno's core-team consists from talented builders of Cosmos and Web3 in general. However, ๐ ๐จ๐๐ง๐๐๐จ ๐ค๐ ๐ข๐๐จ๐ฉ๐๐ ๐๐จ made Juno one of the most controversial networks in the cryptocurrency industry and brought it where it is now. Let's see them all one-by-one.
14/29
๐๐ซ๐จ๐ฉ๐จ๐ฌ๐๐ฅ ๐๐ ๐
It still remains one of the most controversial proposals, even though a couple core-devs of Juno have admitted that it was a clear mistake. It all began with a whale had a more airdropped tokens than it should (max cap was 50k juno)
๐๐ซ๐จ๐ฉ๐จ๐ฌ๐๐ฅ ๐๐ ๐
It still remains one of the most controversial proposals, even though a couple core-devs of Juno have admitted that it was a clear mistake. It all began with a whale had a more airdropped tokens than it should (max cap was 50k juno)
15/29
The โwhaleโ got around this cap by separating their ATOMs into over 50 wallets, and then consolidating them into a single wallet later. However, the whale was never a single person but a fund controlling their clients' funds!๐
The โwhaleโ got around this cap by separating their ATOMs into over 50 wallets, and then consolidating them into a single wallet later. However, the whale was never a single person but a fund controlling their clients' funds!๐
16/29
This proposal split the community in half and certainly showed some big investors the exit door amid the danger of the next Whale Hunt and the fact that their suggestions were never taken seriously.๐
This proposal split the community in half and certainly showed some big investors the exit door amid the danger of the next Whale Hunt and the fact that their suggestions were never taken seriously.๐
17/29
The proposal was not discussed on the forum before being passed on-chain (like every other proposal did and still does). It was a rushed proposal without enough research or any plans to solve the issue without harming the CCN's (whale/fund name) clients interests.๐ต
The proposal was not discussed on the forum before being passed on-chain (like every other proposal did and still does). It was a rushed proposal without enough research or any plans to solve the issue without harming the CCN's (whale/fund name) clients interests.๐ต
18/29
This was and remains the biggest mistake of core-1 until today. The good news is that most core-1 members recognize that it was a mistake and are still around to reverse the situation.โ๏ธ
This was and remains the biggest mistake of core-1 until today. The good news is that most core-1 members recognize that it was a mistake and are still around to reverse the situation.โ๏ธ
19/28
๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐จ๐จ๐ฅ ๐๐๐ฌ๐ญ๐๐๏ธ
The community pool decreased by funding projects that never brought value back to Juno. The community cannot take investment decisions without guidance and this can be fixed by addressing the following problem.
๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐จ๐จ๐ฅ ๐๐๐ฌ๐ญ๐๐๏ธ
The community pool decreased by funding projects that never brought value back to Juno. The community cannot take investment decisions without guidance and this can be fixed by addressing the following problem.
20/29
๐๐๐๐ค ๐จ๐ ๐๐ฅ๐๐๐ซ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ๐
Core-1 consists from talented & passionate developers. However, just like every ecosystem, network or society it needs a leader. At the moment, Core-1 is individual developers expressing themselves as individuals.
๐๐๐๐ค ๐จ๐ ๐๐ฅ๐๐๐ซ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ๐
Core-1 consists from talented & passionate developers. However, just like every ecosystem, network or society it needs a leader. At the moment, Core-1 is individual developers expressing themselves as individuals.
21/29
Juno's mistakes so far are all deeply rooted in a lack of leadership. What if Core-1 as a team took a clear thesis during Prop16? What if they stepped in and guided the community when the community pool was wasted?๐
Juno's mistakes so far are all deeply rooted in a lack of leadership. What if Core-1 as a team took a clear thesis during Prop16? What if they stepped in and guided the community when the community pool was wasted?๐
22/29
It's difficult to have a clear leader, and it's dubious that a core-1 dev can or wants to lead the ecosystem. However, in times of crisis, Core-1 must function collectively without fracturing the community due to the opposing viewpoints of some of its members.๐ฑ
It's difficult to have a clear leader, and it's dubious that a core-1 dev can or wants to lead the ecosystem. However, in times of crisis, Core-1 must function collectively without fracturing the community due to the opposing viewpoints of some of its members.๐ฑ
23/29
๐๐ก๐ ๐๐ซ๐ข๐ ๐ก๐ญ ๐๐ฎ๐ญ๐ฎ๐ซ๐๐ฑ
Juno is clearly the best L1 for deploying a complete dApp with ease. Developers are still working hard to make it a leading chain in the Cosmos Ecosystem, serving as the CosmWasm home, the DAO hub, and the interchain incubator.๐ฅ
๐๐ก๐ ๐๐ซ๐ข๐ ๐ก๐ญ ๐๐ฎ๐ญ๐ฎ๐ซ๐๐ฑ
Juno is clearly the best L1 for deploying a complete dApp with ease. Developers are still working hard to make it a leading chain in the Cosmos Ecosystem, serving as the CosmWasm home, the DAO hub, and the interchain incubator.๐ฅ
24/29
The great news for Juno's future, however, is that the core team appears to have learned from past major mistakes and is willing to reverse the situation by cooperating with its key investors.๐
The great news for Juno's future, however, is that the core team appears to have learned from past major mistakes and is willing to reverse the situation by cooperating with its key investors.๐
25/29
Its advanced infrastructure, its great tokenomics, and its amazing tooling were never a problem for Juno. The fact that Core-1 recognized their mistakes and changed their attitude radically is the most bullish news about $Juno ever!๐ช
Its advanced infrastructure, its great tokenomics, and its amazing tooling were never a problem for Juno. The fact that Core-1 recognized their mistakes and changed their attitude radically is the most bullish news about $Juno ever!๐ช
26/29
The progress of Juno accelerated during the bear market with the contributions of @Reecepbcups_,@noahsaso, and @0xekez, while new interesting dApps are coming like Swift Protocol and Orbem Wars.๐ฅ
The progress of Juno accelerated during the bear market with the contributions of @Reecepbcups_,@noahsaso, and @0xekez, while new interesting dApps are coming like Swift Protocol and Orbem Wars.๐ฅ
27/29
Remember that the bear market had already started when some important projects, such as Wynd (Dex with a suite of sustainable DeFi protocols) launched on Juno! Wynd is being developed by @confio_tech, the creator of CosmWasm, and aims to become the Cross-Chain Defi hub!๐
Remember that the bear market had already started when some important projects, such as Wynd (Dex with a suite of sustainable DeFi protocols) launched on Juno! Wynd is being developed by @confio_tech, the creator of CosmWasm, and aims to become the Cross-Chain Defi hub!๐
28/29
Last but not least, new validators appear during bear market and support the network during times of uncertainty and fear. The @CyberneticsOrg is a validator and a group of passionate professionals with the mission to provide long-term support to Juno.
Last but not least, new validators appear during bear market and support the network during times of uncertainty and fear. The @CyberneticsOrg is a validator and a group of passionate professionals with the mission to provide long-term support to Juno.
29/29
๐๐ก๐๐ง๐ค ๐ฒ๐จ๐ฎ!
I thank @CoreRootHQ for their contributions, @ree_stefan from Domerium Labs for some important insight and every community member who read this thread and is willing to share in order to help fix @JunoNetwork's image to the broad public.
๐๐ก๐๐ง๐ค ๐ฒ๐จ๐ฎ!
I thank @CoreRootHQ for their contributions, @ree_stefan from Domerium Labs for some important insight and every community member who read this thread and is willing to share in order to help fix @JunoNetwork's image to the broad public.
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