Blockscape’s Vision: Aligning Ethereum and Cosmos
The Ethereum and Cosmos ecosystems are experiencing a growing synergy, driven by shared values of innovation and decentralization. Several projects are facilitating this convergence, including GravityBridge, Union, and Eigenlayer+EthosStake, improving connectivity and security, while advancing blockchain technologies across these networks. Blockscape is a key player in these integrations, leveraging its expertise to foster a more connected blockchain future while remaining technologically neutral and giving different approaches a chance.
Growing Connection Between Ethereum and Cosmos Ecosystems
Two ecosystems based on the same values of decentralization and innovation are growing together stronger than ever. One indicator of this is the growing connectivity between the ecosystems, manifested in classic bridging solutions like Gravity Bridge or IBC and ZK-focused solutions like Union.
GravityBridge: Bridging between Ethereum and Cosmos
GravityBridge is a cornerstone project for the integration of Ethereum and Cosmos. This decentralized bridge, verified by its own Cosmos SDK blockchain, enables the seamless transfer of ERC20 tokens between the two ecosystems. Leveraging the Inter-Blockchain Communication (IBC) protocol, GravityBridge facilitates interoperability, allowing Cosmos-based assets to interact with Ethereum’s DeFi ecosystem and vice versa.
This integration allows for efficient asset transfers, such as USDC, between the ecosystems, which can be used in various DeFi applications on both sides, such as Uniswap on Ethereum or Osmosis DEX in the Cosmos ecosystem.
Blockscape — who is developing the front-end for GravityBridge at https://bridge.blockscape.network/ under a grant program — recently added a ressourceful and informative analytics page available here https://bridge.blockscape.network/analytics, featuring useful information like “Average Bridging Duration per Token”, “Popular Tokens”, and “Popular Pairings”.
Read more:
- (Gravity Bridge) (Gravity Bridge)
Union: Enabling IBC for Ethereum (...and more)
Union is set to revolutionize blockchain interoperability by enabling Ethereum (and other chains) to connect with IBC-compatible blockchains. Currently, in its testnet phase, Union will allow for the seamless transfer of assets and data across diverse networks, extending the capabilities of Ethereum to interact with the broader Cosmos ecosystem. This project exemplifies the potential of IBC to bring Ethereum closer to the Cosmos ecosystem, creating a more integrated blockchain landscape.
Read more here:
Cosmos Technology Advancing Ethereum
Shutter Network: Encrypted Mempool Technology
Shutter Network introduces advanced encrypted mempool technology, enhancing transaction privacy and security across blockchain networks. By encrypting transactions until they are included in a block, Shutter reduces the risk of front-running attacks and improves overall transaction confidentiality. The technology, based on Tendermint consensus from the Cosmos ecosystem, demonstrates how Cosmos innovations can be applied to enhance the security and privacy of Ethereum or Layer 2 transactions.
Read more here:
Sommelier: Automated DeFi Solutions
Sommelier uses a Cosmos-based validator set to manage and optimize DeFi operations on Ethereum and its Layer 2 solutions. This integration allows for the automated management of complex liquidity and yield strategies, such as the Real Yield USD vaults, which provide automated liquidity provision and other DeFi services. By leveraging Cosmos technology, Sommelier enhances the scalability and efficiency of Ethereum’s DeFi applications, demonstrating a clear synergy between the two ecosystems.
Did you know?
We don’t just validate on the Sommelier Blockchain, we also use their products for our treasury.
Read more here:
Ethereum Advancing Cosmos
EthosStake and EigenLayer: Strengthening Cosmos with Ethereum’s Security
EigenLayer, where Blockscape is an active operator, brings Ethereum’s extensive validator set to secure multiple protocols requiring economic security.
One of those new projects is Ethosstake, a protocol that wants to do no less than bridging Ethereum economic security to new cosmos ecosystem chains, effectively tackling the validator set bootstrapping problem.
EthosStake, through its integration with EigenLayer, provides a conduit for Ethereum’s validator infrastructure to secure Cosmos projects. This allows Cosmos chains to utilize Ethereum’s economic security, enhancing their resilience and reducing the complexities of establishing secure blockchain networks. This collaboration strengthens individual Cosmos projects and contributes to the overall stability and robustness of the Cosmos ecosystem.
Learn More:
- EthosStake Overview
- https://www.ethosstake.com/writing-article/ethos-eigenlayer
- https://www.ethosstake.com/writing-article/price-of-sovereignty
Did you know? Symbiotic is another Restaking platform that just launched, where Blockscape will be an operator:
Conclusion
Blockscape’s initiatives exemplify the growing synergy between Ethereum and Cosmos. Through projects like GravityBridge, Union, and EthosStake, and by integrating Cosmos innovations with Ethereum’s security models, Blockscape is playing a crucial role in advancing a more connected and secure blockchain future. This collaborative effort is poised to drive significant progress in decentralized finance, interoperability, and blockchain security.
Most importantly, we want to thank our valuable stakers and community for allowing us to work so close at the forefront of innovation in these innovative ecosystems!
Stake with Us:
Cosmos, Osmosis, GravityBridge, Sommelier, Fetch AI, and more: https://www.mintscan.io/visualization/validators/blockscape
Eigenlayer: https://app.eigenlayer.xyz/operator/0x778328d6adca7a091f0b73d41ad8ea0e793712c3