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Cosmos Introduces New Blockchain, Sagan

John Wanguba by John Wanguba
October 20, 2021
in Blockchain
Reading Time: 3min read
Cosmos Introduces New Blockchain, Sagan
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The Cosmos cross-chain network is currently building a new blockchain network that is aimed at allowing the developers to experiment with various protocols. This project teased the release of the blockchain in a video message with a quote that comes from one famous astronomer Carl Sagan and a picture of a canary existing among the stars.

In the quarterly keynote report published on October 19, Cosmos stated that its Sagan blockchain was in its developmental stages.

The canary imagery on the video might refer to the blockchain being an experimental “canary network,” the term that is used by Polkadot interoperability protocol to describe its Kusama test network.

Looking at the case of Kusama, the blockchain enables developers to create and use a parachain or test Polkadot’s governance, staking, and several other functions in a real environment.

Cosmos has been growing rapidly after the March launch of its inter-blockchain communication protocol that enables crypto assets to be transferred easily and smoothly between compatible blockchains. They cover even those in decentralized finance (DeFi). Based on data acquired from Mapofzones, there have been 1,285,426 transfers that have happened across the Cosmos ecosystem in the last 30 days.

This Sagan announcement comes as Cosmos is also working relentlessly on rollup scaling technology to enable developers to create Cosmos-based blockchains to act as rollups that can be deployed as clusters within different zones of the inter-blockchain communication protocol.

The solution, known as Optimint, is now intended to be a “drop-in replacement” for the Tendermint infrastructure on which it’s built.

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Tags: BlockchainCosmosdecentralized financeDeFiKusamaparachainPolkadotSagan

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