#宇宙宇宙 This is alive!
This event is 100% from community to community, and we are honored to have our Cosmos Hub community pool as the main sponsor!
— Cosmos-Blockchain Internet⚛️ (@cosmos) November 5, 2021
At the beginning of the two-day event, Zaki Manian, the co-founder of the decentralized finance or DeFi project Sommel, and former lead developer of Cosmos and Tendermint (core contributor to the Cosmos network), discussed some of the technologies being developed in the Cosmos ecosystem .
According to Manian, an item called ABCI++ will enable the addition of consensus events The block production process on other blockchains improves the efficiency of cross-chain bridges and oracles on the network. Next, developers can use the dynamic IBC (dIBC) feature to introduce governance proposals across different blockchains, not just IBC token transfers. Third, liquid pledge will allow users to pledge their ATOM while obtaining asset derivatives that can be used in DeFi applications.Finally, cross-chain accounts are designed to help build multi-chain applications, where Decentralized autonomous organizationOr DAO, on one chain, you can directly control the account or wallet on the other chain.
Sunny Aggarwal, the co-founder of Osmosis, a decentralized exchange on the Cosmos ecosystem, further elaborated on the concept of liquidity collateral in a panel discussion. Aggarwal explained that by simultaneously accessing multiple DeFi pools with the same underlying tokens, token holders will soon be able to obtain higher returns.He gave an example of users staking Osmosis (OSMO) tokens Provide transaction liquidity For exchanges, receive OSMO liquidity provider tokens, and then deposit the same OSMO LP tokens back to the equity pool. Therefore, coin holders can simultaneously reap the proceeds from the LP pool and the Staking pool.
In another area, Enrico Talin, the co-founder of Commercio.network, claims to have created the world’s first legally binding blockchain. Its infrastructure stores encrypted versions of users’ personal data, such as vaccine records, driving licenses, passports, etc. Theoretically, users can send their electronic signatures and proof of identity via the blockchain when requesting, such as a new bank account when registering. Then the verifier can confirm through the decentralized consensus that the signature is authentic and that the file comes from a legitimate issuer.
However, no personal data will be exchanged on the blockchain, only their proof. Subsequently, Talin discussed the possibility of creating legally binding non-fungible tokens or NFT contracts to confirm the ownership of real-world assets. Later this year, the privacy broadcast function, IBC and legal documents NFT will all be available on Commercio.network.