Categories: Blockchain

Cosmos Announces New Blockchain Launch, Sagan

The cross-chain network Cosmos is building a new blockchain to allow developers to experiment with different protocols.

In its key quarterly report released on October 19, Cosmos said that its Sagan blockchain is currently in development. The project presented the blockchain release in a video message with a quote from the renowned astronomer Carl Sagan and an image of an interstellar canary.

The image of a canary could refer to the blockchain as an experimental “canary network,” the term used by the Polkadot Interoperability Protocol to describe its Kusama test network. In the case of Kusama, blockchain enables developers to create and use parachains or test Polkadot’s governance, staking, and other functions in a real-world environment.

Cosmos has grown steadily after introducing an inter-blockchain communication protocol in March that allows crypto assets to be easily transferred between compatible blockchains, including those in the financial sector. According to data from Mapofzones, there have been 1,285,426 transmissions across the cosmos ecosystem in the last 30 days.

Related: Cosmos records 1 million transfers in a month across the ecosystem

Sagan’s announcement comes as Cosmos is also working on scaling technology to enable developers to create Cosmos-based blockchains as coiled chains that can be deployed in clusters in clusters. The solution is called Optimint to plan as an “additional replacement” for the Tendermint framework on which it is built.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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