Bison Trails Partners with Cosmos for Nodes Deployment and Staking
Blockchain company Bison Trails has announced that it will be supporting the Cosmos ecosystem with industry-leading, enterprise-grade security. The partnership will see it provide secure participation and read/write infrastructure for Cosmos users.
Staking ATOM And Running Nodes
Bison Trails, which was acquired by Coinbase in Jan. this year, has stated that users of the Cosmos ecosystem will be able to stake and run nodes.
Bison said that customers could use their infrastructure to stake and delegate tokens using participation clusters and will be able to earn modest fees and rewards for their help in keeping the platform decentralized and securing the Cosmos ecosystem. ATOM 3.55% Cosmos / USD ATOMUSD $ 35.28
$1.253.55% Volume 1.41 b Change $1.25 Open $35.28 Circulating 221.47 m Market Cap 7.81 b 2 d More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits 1 w “Moon” Is Not the Limit for Bitcoin, says Chainalysis CEO But be Wary of Downside Risk & Level of Retail Mania 3 w Bitcoin Surges Past $50k on Low Funding But Institutional Investors Are More Bullish on Ethereum
Bison said its partnership would see it provide two scaling solutions to the Cosmos ecosystem. Its participation clusters consisting of validator nodes and sentry nodes will further strengthen the Cosmos platform from remote attacks. The validator nodes will be hosted in a private network, while the sentry nodes will act as the interface between the validator nodes and the public blockchain network.
These participation clusters will be deployed with remote signers which is to ensure that the private keys for the validator nodes do not get compromised.
Its second solution dubbed the query and transaction (QT) infrastructure, will let users read and query data from the Cosmos Hub, validate transactions, and write transfers or smart contract interactions. Bison says the QT clusters will offer full nodes, archival, and light client support.
Cosmos, which is famously dubbed the internet of blockchains, started out with Cosmos Hub as its first blockchain in the ecosystem in 2019. Cosmos runs multiple Tendermint-based blockchains on its open-source software called Tendermint.
Cosmos made a name for itself after successfully launching the Stargate upgrade in February 2021. This upgrade saw the company achieve its long-term mission of achieving interoperability across its ecosystem of blockchains.
The Stargate hardfork saw the development of a wide-range of cross-chain applications, including cross-chain token transfers, atomic swaps, multi-chain smart contracts, and different kinds of data sharing.
The blockchain platform uses a proof-of-stake consensus algorithm which allows validators to verify block transactions based on the tokens locked in the network. Its Stargate upgrade has been highly favorable for decentralized finance (DeFi) projects working with the Cosmos Software Development Kit (SDK), allowing them to communicate across the platform securely.
Bison Partners With Polkadot
Bison’s Cosmos integration is one of a myriad of partnerships the Coinbase subsidiary has racked up in 2021. The blockchain platform recently launched a new Polkadot application programming interface (API) to help develop applications faster.
The API, which will let users retrieve and query different types of blockchain data with fewer requests, will be available on Polkadot’s Indexer protocol. DOT -5.61% Polkadot / USD DOTUSD $ 34.52
-$1.94-5.61% Volume 2.29 b Change -$1.94 Open $34.52 Circulating 987.58 m Market Cap 34.09 b 2 d Solana (SOL) Dominating Institutional Interest, Accounting for Over 86% of the Total Inflows 2 d More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits 6 d Osprey Funds Launches Solana (SOL) Trust to Attract Institutional Investors The Indexer protocol is targeted towards wallet providers, exchanges and custodians, and blockchain firms who build applications on Polkadot and the company’s multi-chain network Kusama.
Cosmos’s digital token ATOM has rallied following the announcement making it the 6th most staked asset according to famous staking value site stakingrewards. The digital asset, which has seen its price hit an all-time high of $30 in February, has since retraced to $18 in the past week.