Cosmos Governance Offers Greenlight To Interchain Security

According to the latest reports, it seems that in a nearly unanimous vote that was conducted not too long ago, Cosmos community members who are staking the ATOM token approved a proposal in order to launch the next major upgrade to Cosmos Hub.

According to the online publication Blockworks, the v9-Lambda upgrade will establish the first version of interchain security (ICS) — also known as replicated security — . This is a service the Cosmos Hub will provide to a new generation of consumer chains in the Cosmos ecosystem.

Those consumer chains, in turn, will bring value to the Cosmos Hub, according to proponents — such as Zaki Manian, co-founder of Iqlusion.

“The right way to think about ICS is it’s in the family of staking primitives, like Eigenlayer: What Eigenlayer is to Ethereum, ICS is to Cosmos,” Manian told Blockworks.

According to the same publication, the network upgrade — expected to go live March 15 — was approved by over 99% of voters comprising about 58% of ATOM staked. This is seen as a vote of confidence in the network, according to the pseudonymous general manager of Neutron, Spaydh.

“We expected it to be successful, but we didn’t expect how well received it was — it was a bit of a landslide,” he said in a Tuesday interview as the voting period neared its end.

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