Neutron First to Launch on Replicated Security in Cosmos Hub
2 min read• Neutron, a blockchain network developed to integrate smart contracts into the Cosmos network using CosmWasm (Cosmos WebAssembly), has been approved by the Cosmos Hub.
• The proposal passed with a 61% voter turnout rate and over 90% of community members voting in favor.
• Neutron’s launch can bring cost benefits to the Cosmos Hub by allowing various smart contract-run applications to operate on the Hub without having to seek additional validators, thus generating more revenue.
Neutron Approved for Launch on Replicated Security
Cosmos Hub, the interchain service provider for the Cosmos ecosystem, has given its approval for Neutron to launch on Replicated Security (RS). RS is a shared security model designed by the Cosmos Hub that offers enhanced security to projects launching as consumer chains on the Hub. Through revenue sharing, consumer chains can benefit from the Cosmos Hub’s validator network and bolster their security. The proposal was passed with a 61% voter turnout rate and over 90% of community members voting in favor.
Benefits of Neutron’s Launch
Neutron aims to address resource-intensive and costly issues associated with launching app chains in the Cosmos ecosystem. Additionally, a diverse validator set is crucial for success of app chains, which smaller newly launched app chains may struggle to achieve. By providing developers the ability to launch applications as smart contracts, Neutron essentially allows Replicated Security’s economic model and infrastructure costs challenges addressed. Launching Neutron will also bring cost benefits to the Cosmos Hub by allowing various smart contract-run applications operate on it without having to seek additional validators, thus generating more revenue.
Positioning Neutron as Central Platform
Avril Dutheil, Neutron’s general manager stated that passing proposal 792 establishes Neutron as first chain to launch on RS making it top 10 proof-of-stake chain in terms of economic security positioning Neuton as central neutral smart contracting platform for entire cosmos ecosystem .
Core Modules Implemented & Successful Testnet Deployments
With several audits completed core modules implemented and successful testnet deployments ,the cosmo hub initiated an on chain vote determine if neutron was prepared to launch on replicated security .
Future Projects Joining ATOM Economic Zone
This major milestone demonstrates that technology is functional and can attract promising projects such as neutron duality and stride . It also helps refine all processes involved in launching consumer chain making it easier for future projects join atom economic zone .