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Lesser known projects that are launching or have launched in the Cosmos, IBC ecosystem

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by COINS NEWS 66 Views

The Cosmos, IBC ecosystem is filled with many sovereign blockchains and application specific chains, with various different architecture, features and general purposes. Filling out the Internet of Blockchains!

Here are a few more:

Stride- Stride is a liquid staking protocol which currently works with multiple blockchains, including the Cosmos Hub, Osmosis, JUNO and many more! It is the definition of an app-chain, there only purpose is to provide a fantastic liquid staking service for as many chains as possible, and they have created a fantastic product to do so! Also, stakers of their native staking token, receive rewards from the chains protocol fee. So basically, you earn tokens from every chain that they liquid stake, just by staking.

Stride also has a governance proposal currently up, for Stride to utilize the Cosmos Hub for Interchain Security. This means it will be leveraging the same validator set as the Cosmos Hub, and will have the same security guarantees that the Cosmos Hub currently offers. In return, Cosmos Hub delegators and Validators will receive staking rewards from the Stride blockchain!

Stargaze- Stargaze is the first NFT exclusive blockchain that was built in the Cosmos ecosystem. They offer a great experience for minting, trading and creating NFTs. They have extremely low fees, and many of their services for the actual trader or user of the platform, costs no gas!

Celestia- Celestia is seeking to help build out the future of modular blockchains. It’s goal is to create a data availability layer, and an SDK for Rollups, for projects to be able to easily create their own IBC enabled roll up and use Celestia as the data availability

EVMOS- EVMOS is a chain that runs an IBC compatibable EVM, with extremely fast finality and throughput. So any Ethereum contract could be easy ported into EVMOS, and Ethereum dApps can enter into the Cosmos and utilize the IBC and all the features that interoperability would offer.

Neutron- Neutron is a Cosmwasm enabled Smart contracting platform, that will be leveraging the Cosmos Hubs economic security, through Interchain Security. Neutron will also be home to Lido liquid staking services for the Cosmos Ecosystem, as well as the Astroport Dex.

The Neutron proposal to join Interchain Security actually passed on May 5th. It will have a launch period from May 8th to May 21st, for validators to spin up the node to run Neutron. So essentially May 21st should be the day that Neutron is launched and functioning as a sovereign blockchain utilizing the Cosmos Hub validator set for economic security and in turn, Cosmos Hub delegators will earn NTRN tokens.

Saga- Saga is a chain that offers a different form of Interchain Security, where essentially, various chains will be able to launch, leveraging economic security from Saga. The difference between Interchain Security and Saga’s security model being, these chains only have to be able to pay the fee to Saga to continue using their shared security model.

Saga’s main blockchain market is in gaming. They want to help blockchain games build a fast, secure, cheap and interoperable experience and economy, by allowing them to easily spin up a chainlet (shared security blockchain) and create the best experience possible for their users!

Injective- Injective is a blockchain that uses Tendermint consensus, and offers over 10,000 TPS and a 1 second block time with interoperability at its core. It’s IBC connected as well as connected to Ethereum, Moonbeam, and any chain connected to wormhole as well. This chain offers lightning fast transactions with fees significantly less than a penny. It’s objective is largely to be a large scale financial and prediction market blockchain, and it has optimized its chain to be able to handle the transactions from these types of markets.

These are all fantastic chains, that are being built or are already a released project and are or will be soon connected to the Cosmos Ecosystem via IBC! Feel free to check out some of these chains, or ask questions about them in the comment section and I’ll try to get you an answer. You should also check out some of the other Cosmos ecosystem projects as well. The Cosmos is full of interesting chains and projects, and is well worth checking out!

submitted by /u/Jcook_14
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