Blockchain network Cosmos (ATOM) recently hosted the Cosmoverse Conference live from Lisbon, Portugal.
Zaki Manian, the co-founder of decentralized finance, project Sommel and former lead developer at Cosmos and Tendermint brought up a number of technologies under development by the Cosmos ecosystem.
Reportedly a development called ABCI ++ will allow the addition of consensus events on other blockchains to the block production process, improving the efficiencies of cross-chain bridges and oracles on the network.
Developers can also use dynamic IBC functionality to present governance proposals across different blockchains instead of only IBC token transfers. Thirdl, liquid staking would allow users to stake their ATOM while receiving a derivative of the asset that can be used in DeFi applications.
Co-founder of Osmosis, a decentralized exchange, or DEX, on the Cosmos ecosystem, explained the concept of liquidity staking further during the panel. He also explained that coin holders could soon earn better yields by simultaneously accessing multiple DeFi pools with the same underlying tokens.
In another part, the co-founder of Commercio.network, claimed to have created the first legally-binding blockchain in the world. Its infrastructure stores encrypted versions of users’ personal data, such as vaccine records, driver’s licenses, passports, etc. Theoretically, users would be able to send their electronic signature and proof of identity over the blockchain when requested.
