Announcements

ETGate

This month’s new hire, Joon, released ETGate, which acts as the bridge between the Ethereum blockchain and Tendermint zones. The codebase is still in alpha, but the master branch is available for developers to clone and experiment with.

Technical announcement here: ETGate Blog Post

Cosmos Economics—Dual Token Model

Some members of the community have expressed their dissatisfaction with the distribution of Photons to ETH rather than ATOM holders. To emphasise, the impetus driving all changes within the Cosmos ecosystem is the responsibility of the ATOM holders through governance. Governance will decide on the distribution of Photons and whether it goes to ETH or ATOM holders or both.

The Photon conception was made late this year as the Tendermint research team iterated through various mechanisms designs. The final iteration led to the dual token model, as we believe that the Ethereum hard-spoon can incent developer adoption of the Cosmos Network, thus growing the pie for all participants. To help the Cosmos community more fully understand the economics behind the dual token model, we are releasing the full Cosmos Token Model paper. Please read through it in order to gain a deeper understanding about how it should work.

Bug Bounty Program—”Hack the Cosmos”

Tendermint has created a Coordinated Vulnerability Disclosure Policy for security bugs, and is launching a “Hack the Cosmos” bug bounty program to incentivize people who report bugs within the program scope. We’ve been working with HackerOne to get the program off the ground, and they will host the bug bounty once it is live. Rewards for the most critical bugs start at $2,500 points, and the lowest payout is $100. The launch date is TBD, but Tendermint will send updates via our blog and Twitter to announce when it is fully live.