• Cosmos launches Sagan in order to “experiment with new initiatives.”

  • Cosmos provides a blockchain that is simple to build on and can handle a large number of transactions. It is also used to effectively connect with other blockchains, resulting in the creation of an Internet of Blockchains. This is a network of decentralized blockchains capable of scaling and communicating with one another.

    For quite some time, Cosmos and its ever-expanding ecosystem of interoperable and sovereign blockchain apps have been in the spotlight. Here’s the most recent addition.

    The cross-chain network is constructing a new blockchain to allow developers to experiment with various protocols. According to the most recent announcement, it will launch a new blockchain called Sagan for testing and experimentation.

    The executives released a teaser at the end of their first keynote presentation. It included a 30-second clip with a quote from Carl Sagan, a famous American astronomer, the name of the blockchain, and an image of a canary.

    The canary imagery could be a reference to the blockchain as an experimental “canary network.” Polkadot coined the term to describe its Kusama test network (in 2019). In Kusama’s case, the blockchain enabled developers to create and test a parachain, as well as test Polkadot’s governance and other functions in a real-world setting. Nonetheless, as previously tweeted,

    “Canary networks are a game-changing concept…

    Gavin Wood established the first canary network. I predict that other projects will implement their own.”

    The Beginning of a New Era

    Cosmos Signal, according to the official blog post, heralds the start of a new era. It was stated,

    “Sagan will enable us to test new initiatives at a faster and more efficient pace, adding tremendous value to the entire network.”

    This announcement comes at the same time that Cosmos is developing rollup scaling technology to enable developers to build Cosmos-based blockchains. Optimint, the solution, is designed to be a “drop-in replacement” for the Tendermint framework on which it is based.

    In addition, Cosmos announced a partnership with Forte, which will result in an undisclosed investment in the company.

    Other developments, such as Emeris, a DeFi platform set to launch in December, will include cross-chain farming and staking. These developments will almost certainly elicit a bullish sentiment toward this platform.

    There’s no denying that Cosmos has been steadily expanding. According to Mapofzones data, there have been 1,284,308 transfers across the Cosmos ecosystem in the last 30 days. Furthermore, according to LunarCrush, social engagement has increased to more than 11.5 percent.

    As mentioned on the blog,

    “Since delivering on our vision of blockchain interoperability by launching IBC, Cosmos has grown to become the second-largest ecosystem in the crypto space after Ethereum.” With over 250 blockchain apps and services in the network, we now secure more than $120 billion in digital assets.”

    Having said that, it still faces stiff competition from its rivals. Polkadot, for example, received a lot of attention. According to CoinShares, it received approximately $3.6 million in weekly inflows. Gavin Wood previously claimed that Polkadot’s treasury contained more than 18 million DOT [or $806,118,291].

    At the time of writing, the flagship token (ATOM) had increased by 6% in 24 hours. It was currently trading above the $33 mark. So far, the aforementioned optimism appears to be justified.

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