- The video highlights the launch of Asteroid Protocol, an open-source system enabling inscriptions and token creation on the Cosmos blockchain.
- Unlike Bitcoin, Cosmos lacks smart contracts and NFTs, but Asteroid Protocol introduces proof-of-work inscriptions for non-fungibility and permanent data publication.
- Developed by Deli Labs and Astroport Foundation, the protocol is showcased for creating native tokens with a user-friendly interface on Cosmos.
- The Atom accelerator DA sponsored the video, focusing on Cosmos-specific content and the surprising topic of inscriptions.
- The demo covers creating fungible tokens, inscribing data, and exploring existing inscriptions on Cosmos Hub.
- The inscriptions protocol supports various file types, offering flexibility for users.
- Users can create, transfer, mint, buy, and sell fungible tokens on Cosmos, despite the absence of smart contracts.
- The video concludes by discussing potential utility, addressing block filling, inflation concerns, and expressing satisfaction with the collaboration between Deli Labs and Astroport.
![Stake Cosmos ATOM Using Ledger](/_next/image?url=https%3A%2F%2Finterchaininfo.zone%2Fuploads%2F2024%2F04%2Fstake-ATOM-using-Ledger-canva-min-2.png&w=1024&q=75)
Stake Cosmos ATOM Using Ledger
In this step-by-step guide we will show you how to stake ATOM tokens using Ledger wallet connected to the Ledger Live desktop app.
April 29 · video