{"id":562483,"date":"2023-03-11T22:00:00","date_gmt":"2023-03-11T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/atom-bulls-watch-closely-as-cosmos-interchain-security-prepares-for-march-15-launch\/"},"modified":"2023-03-11T22:00:00","modified_gmt":"2023-03-11T19:00:00","slug":"atom-bulls-watch-closely-as-cosmos-interchain-security-prepares-for-march-15-launch","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/atom-bulls-watch-closely-as-cosmos-interchain-security-prepares-for-march-15-launch\/","title":{"rendered":"# ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28702de4be5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28702de4be5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/atom-bulls-watch-closely-as-cosmos-interchain-security-prepares-for-march-15-launch\/#%E2%80%9D_ATOM_bulls_watch_closely_as_Cosmos_interchain_security_prepares_for_March_15_launch_%E2%80%9C\" >&#8221; ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/atom-bulls-watch-closely-as-cosmos-interchain-security-prepares-for-march-15-launch\/#Cosmoss_interchain_security_could_start_a_virtuous_real_yield_cycle\" >Cosmos\u2019s interchain security could start a virtuous real yield cycle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/atom-bulls-watch-closely-as-cosmos-interchain-security-prepares-for-march-15-launch\/#Bullish_Cosmos_ecosystem_growth_appears\" >Bullish Cosmos ecosystem growth appears<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_ATOM_bulls_watch_closely_as_Cosmos_interchain_security_prepares_for_March_15_launch_%E2%80%9C\"><\/span>&#8221; ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>The Cosmos community has <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved a vote to add \u201creplicated security (RS)\u201d to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.mintscan.io\/cosmos\/blocks\/14470501\">set<\/a> to go live on March 15, 2023, with the v9-Lamba upgrade.\u00a0<\/p>\n<p>RS is the first version of Cosmos\u2019s Interchain Security (ICS) feature, allowing blockchains in the Cosmos ecosystem to share validation resources for improved security. <\/p>\n<p>Only protocols approved by Cosmos governance will be added as consumer chains in the upcoming update. Eight consumer chains are potential candidates for selection, including Neutron, PolymerDAO, Duality, Stride, Simply Staking, FairBlock and Comdex.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cosmoss_interchain_security_could_start_a_virtuous_real_yield_cycle\"><\/span>Cosmos\u2019s interchain security could start a virtuous real yield cycle <span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Replicated Security feature will distribute up to 25% of the consumer chain fees to Cosmos Hub stakers. The protocols can also allocate a portion of token inflation and revenue streams to Cosmos (ATOM) stakers. <\/p>\n<p>The ICS implementation allows consumer chains to focus entirely on the growth of the network\u2019s economy, as Cosmos Hub\u2019s validators provide reliable security against 51% attacks and double-spending. This will bring additional yield to ATOM stakers and allow consumer chains to optimize for growth. <\/p>\n<p>The staking reward for ATOM after adjusting for inflation is 6.82%, with 24.37% annual returns. The additional consumer chain yields will improve ATOM holders\u2019 annual yield, encouraging more buying and staking activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/6c63d779-9ce0-47ec-ab67-dd4d71003b5c.PNG\"><figcaption style=\"text-align: center;\">Cosmos staking rewards inflation adjustment. Source: Staking Rewards<\/figcaption><\/figure>\n<p>Neutron is a smart contract platform that will likely be the first consumer chain to use the new ICS feature. Avril Dutheil, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> manager of Neutron,\u00a0told Cointelegraph:<\/p>\n<p>\u201cAs a result [of RS], Neutron does not have to inflate the Neutron (NTRN) supply continuously to keep validators honest or pay staking yield to governance participants since they do not contribute to securing the network.\u201d<\/p>\n<p>Dutheil added, \u201cInstead, NTRN can afford to have a fixed supply, a release schedule indexed on on-chain activity and constant buy-and-burn pressure from Neutron\u2019s three streams of revenue.\u201d<\/p>\n<p>This will allow the consumer chains to focus on the blockchain\u2019s real yield and bring additional yield to ATOM stakers as the price increases. Consequently, high yields for staking ATOM will motivate more users to purchase and stake ATOM. Hence, potentially giving rise to a virtuous investment cycle in the Cosmos ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bullish_Cosmos_ecosystem_growth_appears\"><\/span>Bullish Cosmos ecosystem growth appears<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Cosmos ecosystem has grown significantly in the last two years as more chains use the Cosmos-SDK and Tendermint consensus mechanism to spin up application chains. Implementing improved cross-chain features like RS will allow blockchains to benefit from the liquidity in the Cosmos ecosystem.<\/p>\n<p>Circle\u2019s announcement of a native USD Coin (USDC) blockchain on Cosmos will likely be a potent catalyst to improve the ecosystem\u2019s liquidity. Dutheil mentioned multiple decentralized stablecoin projects like Agoric\u2019s Inter Stable Token (IST) and Kujira\u2019s USK, which look to replicate the success of Ethereum-based decentralized stablecoins on Cosmos. It will also help establish ATOM as a reliable collateral and improve its value proposition. Dutheil added,<\/p>\n<p>\u201cWhether or not these decentralized alternatives will succeed in scaling their offering across the Interchain remains to be seen, but at least the building blocks are there to finally bring a well-integrated DeFi ecosystem to Cosmos.\u201c<\/p>\n<p>Technically, the ATOM\/USD pair has formed a bullish ascending triangle pattern since forming the June 2022 lows at $6. A breakout from the triangle around the $14 and $15 resistance levels could see the asset tap 2022 bearish breakdown levels around $33, with a slight chance of tapping the all-time highs around $46. However, the bullish thesis would be invalidated if the price breaks an falls below the triangle\u2019s base, currently hovering around $10. <\/p>\n<p>CryptoQuant data shows that ATOM\u2019s relative strength index and Stochastic indicator are in the oversold category, suggesting a possible trend shift.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/59e4b16c-f5c4-413c-9db6-1a38fd8f14f6.png\"><figcaption style=\"text-align: center;\">ATOM\/USD weekly price chart. Source: TradingView<\/figcaption><\/figure>\n<p>While a bullish ATOM thesis looks plausible, its realization will depend on the usage and whether or not consumer chains can bring meaningful returns to ATOM stakers.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/atom-bulls-watch-closely-as-cosmos-interchain-security-prepares-for-march-15-launch\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch &#8220; The Cosmos community has approved a vote to add \u201creplicated security (RS)\u201d to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is set to go live on March 15, 2023, with the v9-Lamba upgrade.\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":562484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/fc91d6db-59de-446b-b2de-87e1df1eb55a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74868,74939,20093,73785],"class_list":["post-562483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-defi","tag-market-analysis","tag-cosmos","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/562483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=562483"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/562483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/562484"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=562483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=562483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=562483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}