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Cosmos Unveils New Blockchain, Sagan, A Canary Network to Allow Developers to Run Tests And Experiments

As issues of scalability and interoperability become a major problem in the blockchain space, cross-chain network Cosmos has launched a new blockchain solution named Sagan.

On Tuesday, the firm announced that the Sagan’s blockchain solution  would allow developers to experiment with new protocols.

Cosmos had teased the release of the blockchain with a video message accompanied with a quote from Carl Sagan, the famous astronomer, and an image of a canary.

Cosmos and Its Sagan

Before the announcement, Cosmos was working to release Optimint, a scaling solution that will allow developers to build Cosmos-based blockchains which can be deployed in clusters. Cosmos was built on the Tendermint frame and the intention is to make Optimint a drop-in replacement.

A source familiar with the development said the canary symbol on the Sagan blockchain is an indication that it will be a canary network. The canary concept — a blockchain that controls testnets used to try protocols before they go mainnet — was first coined by Polkadot and Kusama network.

After launching its inter-blockchain communication protocol in March this year, the company grew. This protocol allows the seamless transfer of digital assets compatible with blockchains, also covering those in DeFi.

Comos’ Steady Growth

Data from the last 30 days suggests that Cosmos has had over 1,285,426 transfers across its ecosystem. Cosmos, which is said to be the second-largest ecosystem in the crypto space after Ethereum, has secured more than $120 billion worth of digital assets with over 250 blockchain apps and services in the network.

Cosmos recently signed a partnership with Starport, an all-in-one platform to build, launch, and maintain any crypto application on a sovereign and secured blockchain. Part of the deal allows developers to create their blockchains and freely connect them to the Cosmos ecosystem. Developers would also have the opportunity to list their tokens on any of the network’s decentralized exchanges, and get noticed in the crypto world.

Cosmos is also partnering with Forte, a blockchain gaming platform, to build gaming solutions. The partnership will allow Cosmos developers to work with Forte to ensure that all third-party game developers on the Forte platform can access Cosmos’ technology and easily integrate their games with the Cosmos network.

Forte will also add ATOM and other Cosmos-enabled currencies, such as stablecoins, to the Forte network to be used as payment, liquidity, or collateral for users. Cosmos considers all of these achievements a great milestone.

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The post Cosmos Unveils New Blockchain, Sagan, A Canary Network to Allow Developers to Run Tests And Experiments first appeared on BitcoinExchangeGuide.

XRP Price Attempting to Get Back In Track, Is Now A Double-Digit Figure Target In Place?

The post XRP Price Attempting to Get Back In Track, Is Now A Double-Digit Figure Target In Place? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Ever since the Ripple has fallen into a legal well against SEC, XRP price appears to have been more strong and more independent. Woefully, the::Listen

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The post XRP Price Attempting to Get Back In Track, Is Now A Double-Digit Figure Target In Place? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Ever since the Ripple has fallen into a legal well against SEC, XRP price appears to have been more strong and more independent. Woefully, the asset went inversely parabolic to yet again hit the lower support levels. Moreover, the asset plunged below this support level that initially pointed out towards a bearish trend. Yet a quick reversal and consolidation assisted the price and prevented further plunge.

The asset that remained much passive for a pretty long time, jumped out of consolidation and registered a huge spike in the trading volume. After a prolonged downtrend, XRP price initiated with a flip that could march the asset towards its next resistance very soon.

The asset was pretty much close to its immediate resistance levels around $1.2, yet the past week slump trembled the plot. The XRP price declined below $1 amid the plunge that the asset is trying hard to regain. However, it is mandatory for the price to not only range beyond $1 but also surpasses the resistance levels at $1.2. And hence a substantial uptrend may be confirmed.   

Yet this may not point out towards the resumption of a bull run as the barrier still reside close to $1.4 to $1.5 levels. And a successful breach through these levels should pave way for the asset to range above $2. Conversely, the RSI in long term manifested a downtrend which may flip any moment and begin with the uptrend soon.

Also Read : XRP Price Is Gearing Up For A 10X Price Surge In The Q1 Of 2022!

Cosmos Unveils New Blockchain, Sagan, A Canary Network to Allow Developers to Run Tests And Experiments

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