Sentinel Initiates Bandwidth Sharing on the Cosmos IBC TestnetSentinel is pleased to announce that bandwidth sharing will become available for testing on the Sentinel Turing-4 Cosmos IBC-enabled testnet starting in May. This transition marks a significant leap forward for the development of decentralized applications (dApps) that can be built on top of the Sentinel protocol as part of its up-and-coming provably private Web3 stack.
Sentinel has supported Cosmos from the very beginning. Cosmos IBC, which went live in February, enables dApps building on the Cosmos blockchain to interoperate with other blockchains in a fast and seamless way. As a result of the testnet migration, Sentinel users will be able to take advantage of the underlying Tendermint byzantine fault tolerant (BFT) protocol to enable cross-blockchain compatibility with instant finality.
Blockchains that use similar consensus algorithms, such as Proof-of-Stake (PoS), will be able to communicate with each other via Cosmos IBC using the Tendermint protocol. This alignment empowers dApps that build on top of the Sentinel protocol to make use of its provably private decentralized communications network.
In a statement about what the scalability and utility of Cosmos IBC means for the Sentinel network at large, co-founder and CEO of Exidio, a contributor to the Sentinel dVPN Protocol codebase, Dan Edlebeck said “We envision Sentinel having millions of daily users as we launch our whitelabel tech. Cosmos IBC will allow us to accomodate any amount of users to the Sentinel protocol through horizontal scalability. The focus being ease of use means we will allow any kind of payment that Sentinel dVPN nodes want to accept. In other words, any IBC compatible coin can potentially become a way to pay for Sentinel’s dVPN services.”
Echoing Edlebeck’s sentiment, Peng Zhong, the CEO of Tendermint said, “The permissionless transfer of tokens’ value across chains is a historic moment on the timeline to a valuable internet of blockchains. We will continue to focus on building the Cosmos Hub as the heart of the interchain — enabling trade and connecting politically sovereign chains to create a new paradigm for economic exchange. We have a defined roadmap in place to realize this future, and will continue to develop services for the Cosmos Hub that will create immense value for all the chains that connect to it.”
Sentinel is also very happy to be integrated with Keplr, an interchain wallet. The Keplr wallet integration will make the broader Sentinel network IBC-ready right after the Cosmos Hub is upgraded and right in time for the launch of Gravity DEX, a decentralized exchange bringing DeFi to Cosmos.
Read more:
https://medium.com/sentinel/sentinel-initiates-bandwidth-sharing-on-the-cosmos-ibc-testnet-61eca88c2c25