Cosmos Network Now Has Nearly 100 Validators, 6-7 Second Block Times

After the recent launch of the Cosmos Hub, a highly anticipated proof-of-stake (PoS)-based network that primarily aims to facilitate blockchain interoperability, or communication between independent chains, the platform’s developers have released some important updates.

Although transfers involving ATOM, Cosmos’ native token, have not yet been enabled, more than 50% of the ATOMs in circulation “are now bonded to just under 100 validators.” This, according to a blog post published on April 5 by “Chjango Unchained,” a Medium account operated by the head of communications at Tendermint (an organization involved in the development of Cosmos).

Blocks Being Generated “Every 6 or 7 Seconds”

Chjango Unchained’s blog mentioned that the nearly 100 transaction validators on Cosmos are currently generating new blocks at the rate of “every 6 or 7 seconds.” This activity can be tracked through an informative website that contains links to important data and real-time updates related to the development of the nascent Cosmos ecosystem.

Those contributing to the growth and adoption of the Cosmos Hub, including Sunny Agarwal and Ethan Buchman, have been covering specific topics such as “the launch, staking, governance, [and] app development” on the platform. These discussions are being held and uploaded to EpiCenter.

Decentralized Governance On Cosmos

As noted in Chjango Unchained’s post, the “first governance transaction” on the Cosmos network “came a week after” the platform’s mainnet was launched. This was reportedly done “in the form of a proposal” which aims to “align the expected block time of 5 seconds” with “the observed one of at least 6.5 seconds.”

Currently, approximately “80% of the bonded stake has voted” (almost all for “Yes”) and the Cosmos network’s participants are more carefully examining “proposals for the activation of ATOM transfers.” So far, there have only been two ATOM transfers while “voter participation” on the network remains “relatively high,” Unchained’s post states.

Going on to cite important governance-related challenges that other decentralized networks have faced, the post notes: “Will Voter apathy be a concern for Cosmos? Only time will tell.”

Those looking to learn more about how the governance process on Cosmos works can read this detailed article about its “mechanics.” Moreover, as the Cosmos network continues to grow, its community members will be developing “social norms” around the platform’s “governance practices.”

Key Development Updates For Cosmos

Ledger support for Cosmos App release v1.1.1 has been updated and those using the Ledger line of hardware wallets have been requested to install the latest version of the Ledger firmware (v1.5.5). This latest version, which includes key upgrades to the Cosmos App, must be installed if users are planning on transferring ATOM tokens to their Ledger Nano S devices.

Notably, Cosmos’ validator app, known as the Ledger Validator App, allows transaction validators on the platform to “use their Ledgers as hardware security modules (HSMs).” The validators' apps will reportedly “remain in developer mode since this software is meant to be used specifically for devops engineers.”

Other notable updates include those made to Lunie, an “open beta” (previously known as Voyager) which “supports delegating, re-delegating, and voting via the Ledger Nano S.”

Opera Expands '30-Second' Cryptocurrency Wallet Top-Ups to Europe and Other Countries

Michael LaVere
  • Freeware web browser Opera has announced major updates for its built-in crypto wallets. 
  • Opera is partnering with Wyre to offer direct crypto purchases through the browser wallet. 

Popular pro-cryptocurrency web browser Opera has announced major updates for its blockchain-based browser on Android systems, including expanding . 

Opera, the world’s first Web 3 ready browser and the first to introduce built-in crypto wallets across mobile and computer devices, has announced major updates for the Android version of its browser. According to a press release shared with CryptoGlobe, the Norwegian-based company is adding several new features, including an expansion to the entire EU, Australia, New Zealand, Mexico and Switzerland of seamless wallet top ups, allowing users to buy cryptocurrency directly from the built-in wallet. The feature was already available for U.S.-based users.

Opera is giving users access to cloudless, decentralized web networks through IPFS-protocol support, which the company claims will change the way data is accessed online. The web browser is also allowing users to register .crypto domain names and wallet addresses to easily send and receive cryptocurrency, via a partnership with Unstoppable domains.

According to the press release, Opera is partnering with U.S. cryptocurrency-brokerage Wyre to enable easy cryptoasset purchases directly through the browser’s built-in wallet. Using a Visa or Mastercard debit card, users will be able to buy BTC or ETH directly from their wallets.

Charles hame, Head of Crypto at Opera Browsers, explained, 

Being able to acquire cryptocurrencies without having to go through an exchange, directly from the wallet makes the process easy for our users. Expanding this feature to more regions is key to driving blockchain-adoption.

Opera currently has more than 360 million users worldwide. the press release touts its monthly active user base increased by over 40% in the last half of 2019 year-over-year.

Featured Image Courtesy of Opera.