Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Ready. Set. Secure! Game of Chains kicks off!
Cosmos Validators, Let’s Go!
Are you ready?
Starting November 7 2022, over the next 2–4 weeks, 150+ validators will participate in Game of Chains — the latest public incentivized testnet in the history of the Cosmos Hub!
Game of Chains will help validators develop confidence around running Interchain Security — a highly anticipated feature coming to the Cosmos Hub in January 2023. Interchain Security will allow blockchains to leverage the high security of the Cosmos Hub (currently at a market capitalization of ~USD $4B). Because the security of a proof of stake network is closely tied to the value of the blockchain itself, a relatively strong market cap ensures reliable security for blockchains looking to maximize their security!
In the short term, and before permissionless deployment is available, consumer chains (those “consuming” security from the Cosmos Hub) will be required to go through governance to get their chain admitted by the validator set. This “governance gated” process will make it such that validators have ample time to vote, accept and ultimately run the node of the consumer chain.
Game of Chains will give validators a flavor of what to expect once the feature is live! Through the various GoC phases, validators are expected to build an understanding of ICS and help us discover interesting attack vectors.
The testnet infrastructure will include:
- Provider chain
- Multiple consumer chains
- IBC relayers
- Support services
Over the 3 phases of Game of Chains, validators will complete a series of predetermined tasks that prove their proficiency at running the ICS protocol. In each phase, points will be awarded to participants who complete certain tasks. Validators at the end of the testnet who have completed the most amount of tasks will be eligible for awards. Please see a detailed breakdown of the phases and tasks here!
Last, but not least, please remember that:
- Only Cosmos Hub validators in the active set are eligible to earn rewards in the Game of Chains testnet program.
- Validators operated by employees of Informal Systems, Hypha, and Interchain Foundation are eligible to participate, but ineligible for rewards.
Good luck validators! 🎉⚛️🎉
Ready. Set. SECURE! 💪💪💪
About the Author:
Jelena Djuric works at Informal Systems as product Marketing Manager.
Jelena is on Twitter.
Ready. Set. Secure! Game of Chains kicks off! 🎉 was originally published in Cosmos Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.