The Cosmos (ATOM) ecosystem is made up of a number of Tendermint-based blockchains, including Agoric, and Band Protocol, Binance Chain, Kava, Terra, and Thorchain. Bison Trails will offer its customers the ability to use its infrastructure to stake and delegate their tokens and earn passive income from transaction fees and validator rewards on their holdings while securing the decentralized network.
Bison Trails: Build new nodes 100x faster
The Blockchain infrastructure firm says Global Blockchain Sync can cut “the time it takes for new nodes to sync from the typical weeks or months to mere hours’
The GBS service can set up an EOS (EOS) archival node within 72 hours as opposed to six months, while Ethereum archival node setup time is cut from over 14 days to 12 hours, Bison Trails said. Supported networks include Polkadot (DOT), Kusama (KSM), Cosmos (ATOM), Celo (CELO) and NEAR (NEAR).
Coinbase pitches a grand design in buying Bison Trails
Purchasing the blockchain infrastructure provider is part of Brian Armstrong’s goal of growing Coinbase is beyond its roots as a cryptocurrency exchange
In a Jan. 19 statement on its blog, Coinbase portrayed the move part of a grand design, calling it “an important step in delivering on our mission to create an open financial system for the world.” It’s also part of a business strategy to turn the infrastructure Coinbase built for itself into a suite of products available to any developer.
Bison Trails tries to ‘de-risk’ staking with double-signing protection software
In what is described as an industry first, the company wants to minimize penalties for customers running a node on a proof-of-stake network
The technology “addresses one of the most unaddressed problems” in the industry: slashing penalties costing a validator part of their stake if a message is double-signed for the same block.