There is new news for Terra (LUNA), an altcoin that was born from the ashes after the collapse and is also preferred by Turkish crypto money investors. Accordingly, the Cosmos SDK named ‘Alliance’ will leverage cross-chain staking to create economic alliances between blockchains. However, the development had no impact on the altcoin price.
Key feature of the new project Alliance
The ‘Alliance’ module is very important news about Terra (LUNA). The project will introduce cross-chain staking with the aim of creating economic alliances between various Blockchains. Alliance is a Cosmos SDK module. Therefore, it is possible to plug it into Terra Blockchain built on Tendermint, a consensus protocol built for Cosmos.
Alliance is a brand new Cosmos module that allows Blockchains to stake larger Blockchain assets via liquid staking derivatives or LSDs. At scale, the Alliance allows all assets authorized by governance to be handed over to validators to take part in block generation and governance, including staking assets bridged over an IBC channel (ICS-004). Stakeholders of various assets receive voting power and block rewards based on a rate set by management. These assets are defined as Alliance assets.
Earning an award from the Alliance module
It is possible to exchange staking rewards from Alliance assets for staking rewards from local assets. Thus, the project lays the foundations for a cross-chain economic alliance. In fact, the project allows new Blockchains to form economic alliances with larger Blockchains. Thus, it makes the local asset more stable with returns from larger and more liquid assets.
It also gives owners of larger assets more ways to earn staking returns. The Alliance will ensure that the flexible configuration of the reward weight changes over time to meet the evolving needs of each blockchain.
A new project for altcoin: Feather
Meanwhile, the Feather project has been making fun of Do Kwon for a while. The project still requires a lot of time and money to launch L1. So, it aims to ‘start blockchains as easy as a feather’. Feather wants to make this as simple as implementing a smart contract.
Combining ‘Alliance’ with Feather will help developers launch a new Blockchain using a simple deployment script and CLI. It is possible for validators to eavesdrop on new blockchains launched via a daemon. There will also be the possibility to run validator and sentry nodes for these Blockchains.
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