cosmos hub Archives - Top Crypto Game https://topcryptogame.com/tag/cosmos-hub/ The latest crypto news! Fri, 07 Jun 2024 02:22:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png cosmos hub Archives - Top Crypto Game https://topcryptogame.com/tag/cosmos-hub/ 32 32 Dora Factory airdrops tokens to over 1 million Cosmos stakers https://topcryptogame.com/dora-factory-airdrops-tokens-to-over-1-million-cosmos-stakers/ https://topcryptogame.com/dora-factory-airdrops-tokens-to-over-1-million-cosmos-stakers/#respond Fri, 07 Jun 2024 02:22:29 +0000 https://topcryptogame.com/dora-factory-airdrops-tokens-to-over-1-million-cosmos-stakers/ Dora Factory, a leading blockchain infrastructure provider, airdropped its native DORA token to over 1 million Cosmos Hub stakers on June 5 to boost participation in the ecosystem’s governance and decentralized funding activities. Dora Factory focuses on decentralized governance and public goods funding tools. The company has developed technologies like Dora Vota and Public Good […]

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Dora Factory, a leading blockchain infrastructure provider, airdropped its native DORA token to over 1 million Cosmos Hub stakers on June 5 to boost participation in the ecosystem’s governance and decentralized funding activities.

Dora Factory focuses on decentralized governance and public goods funding tools. The company has developed technologies like Dora Vota and Public Good Staking to enhance decentralized governance.

Funding public goods

Following the airdrop, the project stated that Cosmos communities could participate in the ATOM Economic Zone (AEZ) quadratic funding program — an initiative it is spearheading with DoraHacks and Atom Accelerator DAO. This campaign aims to mobilize decentralized communities to support public goods projects through fundraising.

Cosmos users can participate using their ATOM tokens to vote and donate to public goods teams they want to support. This initiative aims to aid early-stage developers and decide the allocation of an 80,000 ATOM and $200,000 USDC matching pool over ten rounds of AEZ Quadratic Funding and MACI voting. The smart contracts for this voting round are on the Dora Vota network, allowing the community to use the airdropped DORA tokens as gas fees.

The team emphasized that the campaign was more than just distributing the reward pool to early-stage projects and vital public goods in AEZ. They stated it was also a democratic governance experiment designed to harness community power to support public goods and promising developers.

Privacy voting

Also, Dora Factory launched an innovative on-chain voting system with enhanced privacy features known as Minimal Anti-Collusion Infrastructure (MACI). This system allows community members to vote and review projects anonymously while protecting their addresses.

The team said it whitelisted a record 1 million addresses to participate in testing MACI privacy voting and would distribute $20,000 USDC stablecoin to the selected teams. Dora Factory will cover all voting fees for this round through Dora Vota’s native Gas Station feature.

MACI voting could revolutionize on-chain governance for the Cosmos community and other blockchains, making decentralized governance more efficient and cost-effective.

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]]> https://topcryptogame.com/dora-factory-airdrops-tokens-to-over-1-million-cosmos-stakers/feed/ 0 Cosmos and Atom Explained | 2 Minute Crypto https://topcryptogame.com/cosmos-and-atom-explained-2-minute-crypto/ https://topcryptogame.com/cosmos-and-atom-explained-2-minute-crypto/#respond Sun, 21 Jan 2024 08:40:10 +0000 https://topcryptogame.com/cosmos-and-atom-explained-2-minute-crypto/ The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of […]

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The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.

While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.

As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”. Fee distribution is done in-protocol and a protocol specification is described here.

As staking tokens, Atoms can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network.

Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.

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]]> https://topcryptogame.com/cosmos-and-atom-explained-2-minute-crypto/feed/ 0 These Crypto Will Make People RICH!! Polygon Matic & Fetch AI | Bitcoin L2 Stacks up 500% https://topcryptogame.com/these-crypto-will-make-people-rich-polygon-matic-fetch-ai-bitcoin-l2-stacks-up-500/ https://topcryptogame.com/these-crypto-will-make-people-rich-polygon-matic-fetch-ai-bitcoin-l2-stacks-up-500/#respond Sun, 29 Oct 2023 00:47:47 +0000 https://topcryptogame.com/these-crypto-will-make-people-rich-polygon-matic-fetch-ai-bitcoin-l2-stacks-up-500/ Polygon is making massive moves, and Cosmos gets ready for a big update. Fetch AI partners with Giant BOSCH, and Bitcoin Stacks is rallying after Ordinals NFTs have taken over BTC. Injective partners with Chiliz, and Hong Kong is getting ready to trade crypto! 🚀Find the most undervalued gems, up-to-date research, and NFT buys with […]

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Polygon is making massive moves, and Cosmos gets ready for a big update. Fetch AI partners with Giant BOSCH, and Bitcoin Stacks is rallying after Ordinals NFTs have taken over BTC. Injective partners with Chiliz, and Hong Kong is getting ready to trade crypto!

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]]> https://topcryptogame.com/these-crypto-will-make-people-rich-polygon-matic-fetch-ai-bitcoin-l2-stacks-up-500/feed/ 0 Cosmos ATOM Vs Polkadot DOT – Which is Best? https://topcryptogame.com/cosmos-atom-vs-polkadot-dot-which-is-best/ https://topcryptogame.com/cosmos-atom-vs-polkadot-dot-which-is-best/#respond Fri, 05 May 2023 04:59:45 +0000 https://topcryptogame.com/cosmos-atom-vs-polkadot-dot-which-is-best/ 🚀 Find the most undervalued gems, up-to-date research, and NFT buys with Altcoin Buzz Access. Join the Altcoin Buzz Access PRO Plan now starting from just $99 per month. 🚀 ➡️ Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their […]

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Polkadot is a platform that allows diverse blockchains to transfer messages, including value, in a trust-free fashion; sharing their unique features while pooling their security. In brief, Polkadot is a scalable heterogeneous multi-chain technology.

Polkadot is heterogeneous because it is entirely flexible and makes no assumption about the nature or structure of the chains in the network. Even non-blockchain systems or data structures can become parachains if they fulfill a set of criteria.

Polkadot may be considered equivalent to a set of independent chains (e.g. a set containing Ethereum, Ethereum Classic, Namecoin and Bitcoin) except with important additions: pooled security and trust-free interchain transactability.

Many of the native parachains of Polkadot will be written using a Polkadot Runtime Environment SDK (e.g. Parity Technologies’ Substrate).

he Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub.

The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.

While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.

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Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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