Crypto Nature
Crypto Nature

This is the place to share cosmos and blockchain comments from technical view.

Bitsong Validator Weekly Report 20220326

Hi, this is the bitsong validator report by Crypto Nature.

Validation Status:

  1. Ranking: 76
  2. uptime: 100%

Duty:

  1. We vote "yes" on proposal-10, because we think that more discussion is better for some controversial issues. 

Announcement:

Follow the steps for participating in the AirDrop of Sinfonia.

  1. Stake at least 400 BTSG tokens to any Validator on the BitSong mainnet.
  2. Stake OSMO to at least one of the following Validators
  3. Stake JUNO to at least one of the following Validators
  4. Provide Liquidity on https://app.osmosis.zone/ at least in one of the following Pools
  5. Provide liquidity on https://junoswap.com/ to the following Pool

If you want to read more details, visit BitSong Medium


Comments:

In recent days, more and more chains are developed by Cosmos SDK. It is expected that more attention are focused on the Cosmos, and it is very beneficial for the growth of the whole ecosystem. However, we also see that more and more conflicts on the governance. Decentralize governance is an experiment activity for the blockchain, since no one have experienced this on our real society.

On-chain governance consists of many ingredients, including technology, politics and finance. For instance, Juno Chain has some conflicts on the airdrop issue between the Whale and Juno team. The origin of the conflict is about the distribution of the airdrop mechanism. Although the airdrop is the tool for encouraging people to participate to the chain, it is possibly a serious issue on the governance. It is obvious that distribution of tokens is related to the consensus of the chain, and consensus is the core of the governance. In the future, we probably will see more and more similar cases on the cosmos ecosystems, so we will design the mechanism more carefully.

Reference:

If you interest on staking on the validators, you can consider delegate to us.

Validator information:

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Podcast:

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Medium:

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