We've just announced IQ AI.
Cosmostation is a interchain service provider that serves as a validator, builder, and contributor in the Cosmos ecosystem. It has been a fixture since 2018, providing essential protocol infrastructure for partner networks to scale and onboard users. [1]
Cosmostation, functioning as a validator and contributor, has gained trust across various Proof of Stake (PoS) networks. Specializing in Proof of Stake protocols, it actively participates in validating and supporting the ecosystem through user-friendly apps, such as Mintscan, Cosmostation Extension Wallet, and mobile app. Cosmostation also prioritizes security with a specific structure to protect its validator nodes from potential attacks through security measures including, a globally distributed node operation, commitmented to ensuring the security of partnered networks. Its timeline marks key phases from 2019 to 2023, where it expanded to support multiple new Cosmos app chains and ventured beyond Cosmos into Ethereum, Sui, and Celestia. [1][2][3][4][16]
Since 2018, Cosmostation's validator has supported various networks, including Cosmos, Kava, and Crypto.org, with millions of blocks proposed, over $578 million assets under management, and operations across 230+ nodes, and its governance participation extends to over 50 partner protocols. [3][15]
Mintscan is a blockchain analytics platform, specializing in the visualization of on-chain data. Cosmostation utilizes Mintscan to secure partnered networks, offering a user-friendly infrastructure. Mintscan includes a block explorer, Cosmostation mobile, and web wallet. Beyond security, Cosmostation actively engages in on-chain governance and contributes to the decentralization of networks. [5][6]
Mintscan also provides a more detailed insight into on-chain data visualization by offering refined charts and graphics for users to comprehend data. It provides a comprehensive overview of monitoring different blockchains in real-time and provides a range of information including, IBC traffic and PoS chain staking data. It also includes novel interfaces including the IBC Network visualizer and the Heartbeat monitor. [5]
Cosmostation Extension Wallet is a non-custodial, multi-chain cryptocurrency browser extension wallet. It offers an intuitive user interface, multi-platform support, comprehensive asset management, and allows users to engage in staking. [7][11]
Cosmostation Mobile is the open-source, non-custodial mobile app version of the Cosmostation wallet, supporting over 50 interchain networks. Designed for Cosmos SDK-based assets, it caters to both iOS and Android users. The app offers features such as staking, NFT support, and interaction with various dApps within the Cosmos ecosystem. [8]
Cosmostation played a role in facilitating the migration of DYDX tokens from Ethereum to the dYdX Chain. This migration aimed to enhance network security and enable users to earn staking rewards from dYdX Chain trading fees. [14]
The migration process was conducted through Cosmostation's Mintscan, the official block explorer for the dYdX Chain. This ensured users' assets were protected and shielded from potential scams during the migration process. Connecting users' Metamask wallets to the dYdX migration interface generated dYdX Chain addresses and displayed DYDX token balances, laying the foundation for the subsequent migration steps. [14]
Cosmostation facilitated the execution of the bridging process, allowing users to convert DYDX tokens on Ethereum into wethDYDX and dYdX Chain tokens. This conversion enabled continued participation in dYdX v3 governance on Ethereum and the opportunity to stake dYdX Chain tokens. [14]
Edited By
Edited On
January 30, 2024
We've just announced IQ AI.
Edited By
Edited On
January 30, 2024