Home Blockchain Cosmos is building a new blockchain called Sagan for experimentation

Cosmos is building a new blockchain called Sagan for experimentation

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Fast Take

  • Cosmos is constructing a separate blockchain that shall be used for trialing protocols previous to launching on the mainnet.
  • Like Polkadot’s Kusama, tokens on the blockchain can have actual worth.

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Blockchain platform Cosmos is launching a brand new blockchain, known as Sagan, for testing and experimentation.

On the finish of its first keynote presentation — which can now grow to be a quarterly occasion — Cosmos teased the launch of Sagan with a 30-second clip that included a quote by Carl Sagan, a well-known American cosmologist, the identify of the blockchain, and a picture of a canary. 

The canary symbolizes that this blockchain shall be a “canary community,” in line with a supply acquainted with the scenario. The time period was coined by blockchain platform Polkadot — and its canary community Kusama — and refers to a blockchain that’s used for trialing protocols out earlier than they go dwell on the principle community.

There’s a distinction between testnets — that are equally used for testing — and canary networks like Kusama and Sagan. Testnet tokens usually don’t carry any worth, in order that they recreate the technical facet of the principle blockchain however not its actual setting. Alternatively, tokens on canary networks do have actual worth, so they arrive a lot nearer to mimicking the actual setting. That creates better incentives for folks to search out bugs and potential exploits.

Earlier within the keynote, Cosmos additionally introduced a partnership with gaming firm Forte — which can entail an undisclosed funding within the firm, in line with the supply — and introduced that its DeFi platform Emeris will launch in December. Emeris will embrace cross-chain farming and cross-chain staking inside the Cosmos ecosystem.

For extra breaking tales like this, ensure that to observe The Block on Twitter.

© 2021 The Block Crypto, Inc. All Rights Reserved. This text is supplied for informational functions solely. It isn’t provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.

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