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News

Cosmos Will Launch Its Testnets Soon In 2022

February 7, 2022 - Around 4 mins mins to read
cosmos testnet

What Is Cosmos?

Cosmos is home to some of the most innovative projects in the cryptocurrency space. From DeFi to social impact, privacy protocols to NFTs, their ecosystem secures more than $120 billion of digital assets. Beyond the names, you may already know, like Secret Network, Terra, Cosmos Hub, or Osmosis, there’s a whole lot more to come in H1, 2022. Many up-and-coming projects are running testnets and incentivized testnets that will precede their debuts to mainnet this year.

Archway

cosmos testnet

Archway is an incentivized smart contract platform for Cosmos providing full CosmWasm integration. Unlike other smart contract platforms, developer rewards are baked directly into the protocol itself. As decentralized applications (dApps) generate usage on the network, they receive a proportional share of network-level rewards, similar to how validators are rewarded in a typical Proof-of-Stake chain.

Archway’s mission is to create a more equitable blockchain ecosystem that not only rewards network operators and early contributors but the developers who build on and drive value to the underlying network.

In the run-up to mainnet, Archway will be launching its first incentivized testnet in March 2022, called Augusta. The program will take place in stages, designed to test various dimensions of the network and grow the overall ecosystem of validators, developers, and community members. Participants will compete in a series of guided tasks and challenges with the opportunity to earn tokens as rewards.

Celestia

cosmos testnet

Celestia is the first modular blockchain network. By decoupling consensus and application execution into separate chain layers, Celestia modularizes the blockchain technology stack and unlocks new possibilities for decentralized application (dApp) builders. Developers will be able to effortlessly define and deploy their virtual execution environments; similar to virtual machines, without needing to bootstrap their own consensus network. The applications built on Celestia will inherit and share the security of the Celestia consensus while preserving a high level of sovereignty. They simultaneously will be scalable, sovereign and secure.

The Celestia team is currently running a preliminary testnet called devnet; it started as a small private testnet and evolved into a public testnet with lots of community participation. The first public testnet will launch in Q2 2022. The testnet aims to grow and stabilize the validator community. It will also allow for first experiments of building dApps and rollups on top of Celestia.

The testnet will last for a few months and will lay the groundwork for the Celestia incentivized testnet in Q3 2022. This network will include tasks and challenges by which developers and node operators will be able to gain rewards. The incentivized testnet will have near feature parity with mainnet which is planned for late Q4 2022.

Tgrade

cosmos testnet

Tgrade is the first regulated DeFi platform brought to you by Confio, the team behind CosmWasm. This innovative project combines the Proof-of-Stake (PoS) and Proof-of-Engagement (PoE) consensus mechanisms to address what Tgrade calls the “shortcomings” of Proof of Stake (PoS), particularly during the bootstrap phase of a project. PoE is designed to incentivize the wider community to collaborate, opening up greater opportunities than standard PoS blockchains that only reward validators and delegators.

Currently, Tgrade is running its first in a lineup of public testnets leading to the anticipated Game of Engagement which will run after mainnet launch. Tgrade is doing things a little differently by choosing to run testnets without incentivization, using the mainnet launch for this opportunity, instead. Game of Engagement will be open to many different participants and doesn’t require any deep technical knowledge to take part.

Umee

cosmos testnet

Umee will be running an incentivized testnet on its recently announced web app called Umeeverse Party. The testnet is open to any web app users who like to test out their cross-chain lending and borrowing functionality. It doesn’t require any technical skills, and it is designed to be as user-friendly as possible.

Umeeverse Party will be a competition on total value locked (TVL) contribution and the team will take snapshots at random times and rank TVL contributions from both lending and borrowing. Umeeverse Party is the perfect way to train new users and encourage them to do cross-chain lending and borrowing at the same time.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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CoinCu News

News

Cosmos Will Launch Its Testnets Soon In 2022

cosmos testnet

What Is Cosmos?

Cosmos is home to some of the most innovative projects in the cryptocurrency space. From DeFi to social impact, privacy protocols to NFTs, their ecosystem secures more than $120 billion of digital assets. Beyond the names, you may already know, like Secret Network, Terra, Cosmos Hub, or Osmosis, there’s a whole lot more to come in H1, 2022. Many up-and-coming projects are running testnets and incentivized testnets that will precede their debuts to mainnet this year.

Archway

cosmos testnet

Archway is an incentivized smart contract platform for Cosmos providing full CosmWasm integration. Unlike other smart contract platforms, developer rewards are baked directly into the protocol itself. As decentralized applications (dApps) generate usage on the network, they receive a proportional share of network-level rewards, similar to how validators are rewarded in a typical Proof-of-Stake chain.

Archway’s mission is to create a more equitable blockchain ecosystem that not only rewards network operators and early contributors but the developers who build on and drive value to the underlying network.

In the run-up to mainnet, Archway will be launching its first incentivized testnet in March 2022, called Augusta. The program will take place in stages, designed to test various dimensions of the network and grow the overall ecosystem of validators, developers, and community members. Participants will compete in a series of guided tasks and challenges with the opportunity to earn tokens as rewards.

Celestia

cosmos testnet

Celestia is the first modular blockchain network. By decoupling consensus and application execution into separate chain layers, Celestia modularizes the blockchain technology stack and unlocks new possibilities for decentralized application (dApp) builders. Developers will be able to effortlessly define and deploy their virtual execution environments; similar to virtual machines, without needing to bootstrap their own consensus network. The applications built on Celestia will inherit and share the security of the Celestia consensus while preserving a high level of sovereignty. They simultaneously will be scalable, sovereign and secure.

The Celestia team is currently running a preliminary testnet called devnet; it started as a small private testnet and evolved into a public testnet with lots of community participation. The first public testnet will launch in Q2 2022. The testnet aims to grow and stabilize the validator community. It will also allow for first experiments of building dApps and rollups on top of Celestia.

The testnet will last for a few months and will lay the groundwork for the Celestia incentivized testnet in Q3 2022. This network will include tasks and challenges by which developers and node operators will be able to gain rewards. The incentivized testnet will have near feature parity with mainnet which is planned for late Q4 2022.

Tgrade

cosmos testnet

Tgrade is the first regulated DeFi platform brought to you by Confio, the team behind CosmWasm. This innovative project combines the Proof-of-Stake (PoS) and Proof-of-Engagement (PoE) consensus mechanisms to address what Tgrade calls the “shortcomings” of Proof of Stake (PoS), particularly during the bootstrap phase of a project. PoE is designed to incentivize the wider community to collaborate, opening up greater opportunities than standard PoS blockchains that only reward validators and delegators.

Currently, Tgrade is running its first in a lineup of public testnets leading to the anticipated Game of Engagement which will run after mainnet launch. Tgrade is doing things a little differently by choosing to run testnets without incentivization, using the mainnet launch for this opportunity, instead. Game of Engagement will be open to many different participants and doesn’t require any deep technical knowledge to take part.

Umee

cosmos testnet

Umee will be running an incentivized testnet on its recently announced web app called Umeeverse Party. The testnet is open to any web app users who like to test out their cross-chain lending and borrowing functionality. It doesn’t require any technical skills, and it is designed to be as user-friendly as possible.

Umeeverse Party will be a competition on total value locked (TVL) contribution and the team will take snapshots at random times and rank TVL contributions from both lending and borrowing. Umeeverse Party is the perfect way to train new users and encourage them to do cross-chain lending and borrowing at the same time.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News