We have decided to discontinue all validator services. Thank you all for your trust and support over the years.
✅ Validator @ping_pub will soon cease operations in the @osmosis and @akashnet networks.
💰If you are staking $OSMO or $AKT with @Ping_Pub, please redelegate your tokens to another validator.
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MAGA 🚀 Make ATOM Great Again! Time to build #IBC v3 with BLS for epic cross-chain consensus. Read more: medium.com/@ping.china/a-rob…
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Is anyone still working on signature aggregation in @CometBFT?
Why this is important:
1. Reduced block size
2. Easier and more efficient integration of IBC clients with other chains
3. Enabling chain-owned accounts on external chains
Challenges of applying signature aggregation:
Maintaining a stable public key with a dynamic validator set, while still ensuring that at least 2/3 of signers can reach consensus.
Our recent research shows potential opportunities to make this possible. DMs are open for further discussion.
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ping.pub retweeted
1/ Proud to announce our latest investment from YZi Labs @yzilabs (formerly Binance Labs) via the EASY Residency program to launch Bitway — the first purpose-built Layer 1 blockchain designed for Bitcoin business.
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Please try to connect wallet by selecting Ledger, Not Keplr or others
@ping_pub It seams that there is a problem with Provenance chain and Ledger. I received the following message:
"Incompatible Signing Requested
Error: SIGN_MODE_DIRECT can’t be signed on Ledger. Contact the web app provider to fix this issue."
Could you ccheck please?
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ping.pub retweeted
New cosmos conference incoming.
Huge announcements live at event.
∶∵∶∷ INITIALIZING SOVEREIGN SERIES ∶∵∶∷
▚▚ Cosmos ▚▚ EVM ▚▚ Connected ▚▚
Sovereign EVM Day ▚▚ @EthCC Jun 30TH
Join us in Cannes this summer to meet the teams
pushing the boundaries of EVM with Cosmos.
Sovereign tech, but BETTER TOGETHER.
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ping.pub retweeted
the I₿C wallet
Native $BTC is now live on Keplr Extension
And this is only the beginning
I₿C in your hands
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ping.pub retweeted
EUREKA!
Cosmos Hub MAINNET has now sent its first live IBC transaction to Ethereum… and back!
The content: 1 $ATOM
The message:
Hello Ethereum! Meet @IBCProtocol and @cosmoshub:
etherscan.io/tx/0x5fa026d254…
The first ever mainnet IBC v2 transaction was 1 ATOM from @cosmoshub to @ethereum.
Shout out to the amazing engineers from the IBC Team who made this possible: @srdtrk @turingtestrun
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ping.pub retweeted
BTC-backed loans are a no-brainer, clear demand, solid biz model, massive growth potential
kinda surprised that after a decade of Bitcoin, no one else has built an on-chain liquidity protocol for borrowing against native BTC
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ping.pub retweeted
Cosmos is building the internet of blockchains.
And the Cosmos Hub will be the world's decentralized router.
In the future, a connection to the Hub will let any person and application connect to everything digital - both onchain and offchain.
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ping.pub retweeted
"The Cosmos, Hub, and Stack — as one"
We are thrilled to join the Interchain Inc. in an ongoing effort to bring Cosmos together 🚀
Stay tuned for more information!
⚛️ A new Cosmos awaits: expansion.
Welcome @SkipProtocol to the @interchain_io, joining as Interchain Inc, the new main subsidiary of the ICF — join us in starting a new chapter:
The Cosmos, Hub, and Stack — as one.
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Let's bring $BTC liquidity to Cosmos.
1/5 Side Protocol v1 whitepaper is live!
@SideProtocol is the first on-chain banking infrastructure for the orange-pilled #Bitcoin world.
github.com/sideprotocol/whit…
Dive in below 🧵
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ping.pub retweeted
lots of confusion/misinformation about the north korean LSM on the hub.
let me, the south korean, clarify things a bit
let's dig in 👇
what's the vulnerability?
aib says a lot of things, but the only key thing that really matters is the claim is that LSM provides the ability for "stakers to evade slashing by tokenizing their delegations"
some background knowledge
for a more in-depth understanding, refer to this amazing (and ancient) blogpost by @chjango
blog.cosmos.network/consensu…
basically, the premise of proof-of-stake is that it is secure because there is accountability of the stakeholders.
accountability is enforced by slashing.
can an attacker evade slashing with the LSM?
theoretically, yes.
how would such an attack be carried out?
Alice wants to attack the hub ➡️ acquire/create a cartel of significant voting power ➡️ propose a dishonest chain ➡️ insta-convert the staked ATOM to LST ATOM via LSM ➡️ gets to control the chain without being exposed to slashing
if slashing existed, Alice would be slashed for such behavior as unbonding period would mean that Alice doesn't have full custody of her ATOMS.
LSM allows Alice to bypass it.
is this by design?
this part may be controversial, but my take is that it is.
the act of buying an liquid staked ATOM token is essentially purchasing ATOM at a lower price for taking on the slashing risk + price volatility for the length of the unbonding period. in a rational market, the price of stATOM will always trade at a negative premium to the price of spot liquid ATOM (+ staking reward for 21 days).
how do you prevent this?
theoretically, if you had a separate LST for each validator (i.e. stKeplrATOM, stCoinbaseCustodyATOM, stCosmostationATOM) would create a way for the market to price in attack/slashing risk.
if you remembered the liquid staking discussions circa 2018-2019, there were also 'delegation vouchers' which directly correlates the staking position to a nonfungible voucher.
that being said, the UX of this would probably be dogshit. imagine having 150 LST tokens for ATOM or having a pure non-fungible LST NFTs.
my take is that this was a tradeoff decision.
is this unique to cosmos hub?
no. all liquid staking tokens for chains that have slashing essentially carries the same risk.
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Glad to see many projects using ping.pub faucet
1. Create
@keplrwallet
and add Symphony testnet to your wallet For a detail on how to add testnet to wallet: 🔗orchestralabs.org/documentat……2. Get coins from the faucet at
@ping_pub
📷testnet.ping.pub/symphony/fa…. Check the explorer at 📷testnet.ping.pub/symphony4. @OrchestraLabs
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ping.pub retweeted
Impressive AAA game from China!
Seems oddly familiar 😂
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