ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch
Cosmos governance has approved the v9-Lambda upgrade, including interchain security and possibly kicking off a “virtuous real yield cycle.” The Cosmos community has approved a vote to add “replicated security (RS)” to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is set to go live on March 15, 2023, with the v9-Lamba upgrade. RS is the first version of Cosmos’s Inter chain Security (ICS) feature, allowing block chain s in the Cosmos ecosystem to share validation resources for improved security . Only protocols approved by Cosmos governance will be added as consumer chains in the upcoming update. Eight consumer chains are potential candidates for selection, including Neutron, PolymerDAO, Duality, Stride, Simply Staking, FairBlock and Comdex. Cosmos’s interchain security could start a virtuous real yield cycle The Replicated Security feature will distribute up to 25% of the consumer chain fees to Cosmos Hub stakers. The protocols can also allocate a ...