- 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
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
