As the first Cosmos blockchain, Neutron pioneered the use of duplicated security from launch.
The Cosmos Hub’s validator set is trusted by the Cosmos ecosystem’s blockchains because of replicated security. Instead of the blockchain’s inherent security being maintained by its network of validators, this is done. Cosmos Hub is the backbone of the Cosmos ecosystem, making it possible for blockchains to exist and achieve their objectives (usually centered on offering a single kind of service or application) with low overhead.
CosmWasm, a computational environment inside the Cosmos ecosystem, is used by Neutron as a platform for creating smart contracts. Neutron’s goal is to provide secure cross-chain smart contract applications inside the Cosmos ecosystem, and it plans to do so by closely aligning with the Cosmos Hub.
“By closely coordinating the chain with the Cosmos Hub, the first and central Cosmos chain, and taking advantage of its high security, we were able to focus on fixing the cross-chain problems that smart contract applications were having in Cosmos,” said Avril Dutheil, the general manager at Neutron.
The Neutron group claims that duplicated security will increase the Cosmos Hub’s value by facilitating the creation of highly sophisticated and varied applications for ATOM, the Hub’s native asset.
When used correctly, “[replicated security] should help foster an ecosystem of closely aligned chains around the Hub, sometimes referred to as the ATOM Economic Zone (AEZ), and strengthen collaboration among appchains,” as Dutheil put it.
On May 6th, after approval of governance proposal 792 by ATOM holders, Neutron was released to the Cosmos community. At the moment, chains that want to leverage duplicated security must submit a request to the Cosmos Hub.
Also Read: Advocacy group files FOIA request with SEC seeking documents related to possible crypto conflict of interest