Hello everybody! As some of you may remember, last year in September I published an article and I mentioned the possibility on creating a zone inside Cosmos in the future.

“A journey of a thousand miles begins with a single step” says an old Chinese saying, attributed to Lao Tze. This is the analogy that was made inside my mind when I first time setup a validator on Cosmos testnet.

At the end of 2018 I finally found the right time to extensively test Cosmos and I joined Game of Stakes and also Genki testnets. I was not doing this alone, Calin, our iOS and blockchain developer joined as well both testnets.

Let’s take it step by step:

What is game of stakes? The best way to describe it is to actually use the official description provided by the Cosmos team: “While Gaia testnets have provided invaluable beta software testing, the Game of Stakes testnet will be the first of its kind to simulate a live adversarial environment with real crypto-economic incentives for attackers. Victory can be achieved through clever technical, social, and economic maneuvering (within the bounds of the rules, of course!). The most resilient validators will be rewarded Atoms in the suggested genesis allocation from the Interchain Foundation.” as described on their blog post that can be found here: https://blog.cosmos.network/the-game-of-stakes-is-open-for-registration-83a404746ee6

Moreover what is very important to note is the fact that GoS (namely Game of Stakes) provided a premiere in human history by showing that “ tendermint BFT can run a large-scale distributed network of up to 300 validating nodes while maintaining — this is key — the property of Byzantine fault-tolerance (BFT).” To the best of my knowledge this has never been achieved until now with such a large number of public nodes.

Alongside GoS, other testnet networks were up and running and all provided useful information to both the team behind Cosmos and also the community.

What does this mean for IPSX?

Simply said, imagine that IPSX will create a zone inside Cosmos network by building its own blockchain on top of Tendermint. In this case, all the transactions will be done using IPSX native tokens, all the fees will be paid using IPSX tokens and on top of that, IPSX holders can become validators.

What is a validator?

“The Cosmos Hub is based on Tendermint, which relies on a set of validators to secure the network. The role of validators is to run a full-node and participate in consensus by broadcasting votes which contain cryptographic signatures signed by their private key. Validators commit new blocks in the blockchain and receive revenue in exchange for their work. They must also participate in governance by voting on proposals. Validators are weighted according to their total stake.”- source: Cosmos documentation

Imagine the situation when we can extend this behaviour to IPSX. Sounds quite impressive, right? Basically, the token holders will run the IPSX network by participating in consensus and broadcasting votes, they will be able to receive revenue and also participate in the gouvernance process by proposing and voting on proposals.

I think it’s worthless to say that this will be a huge step forward in building a robust ecosystem for IPSX, not only solid but also decentralized in terms of architecture and governance.

You can check HERE the entire list of Validators in the Cosmos Blockchain Explorer of the Game-of-Stakes!

You can check HERE the entire list of Validators in the Cosmos Blockchain Explorer of the Genki-4002 testnet!

My validator is “syncnode” and Calin’s is “kytzumini” on the validators lists.

Please note that all the above is my personal view and conclusions after being part of the live testnets of Cosmos. While things look promising and new potentials emerge on the horizon, there are still some major steps that need to be overpassed before we can say 100% that IPSX will be moving on Cosmos, and the most important step is to see the Cosmos mainnet live. I must also say that it was a great and addictive experience so far to be part of the Cosmos testnet and I am looking forward to see what the future will unfold.

Call to action!

As usual please feel free to reach out for any questions on our public channels. Normally I don’t do suggestions, but after testing and seeing Cosmos in action I am suggesting you to keep an eye on this product. It’s promising a lot and it looks better and better each day.

To find out more details about Cosmos you can check the following sources:

Cosmos Website: https://cosmos.network/

Cosmos Docs: https://cosmos.network/developers

Cosmos Telegram: https://t.me/cosmosproject

Thank you for your ongoing support!

For more information and media contact, please use:

IPSX website: https://ip.sx

IPSX Whitepaper: https://ip.sx/dist/Whitepaper-IPSX-05.pdf

Telegram Channel: https://t.me/IPExchange

Linkedin: https://www.linkedin.com/company/11288348

Kuende: https://kuende.com/ipsx