Landslide Network, an IBC-enabled Avax subnet

•

With the majority of CT being Arbi-maxis, you probably don't keep up with developments on @avalancheavax Introducing Landslide Network (@CosmosAVAX), an IBC-integrated subnet bringing interoperability to AVAX Short thread🧵

Here's a gist of the thread: 1️⃣ Brief introduction to Avax & Subnets 2️⃣ What is Tendermint & Avalanche consensus 3️⃣ What is IBC & CosmWasm 4️⃣ What is Axelar 5️⃣ Introduction to Landslide Grab a coffee and enjoy this 5-10 minute read:

1️⃣ Brief introduction to AVAX & Subnets Avalanche is a high-performance PoS blockchain that allows users to create and exchange digital assets and build dApps. It is designed to be scalable, energy-efficient, and compatible with existing blockchain ecosystems.

A subnet is a smaller, independent network within the primary network with its own consensus mechanism, rules, and functionality. It is used to support specific use cases or applications within AVAX The 3 main subnets in AVAX are: X-chain, P-chain and C-chain👇

2️⃣ What is Tendermint & Avalanche consensus In Avalanche Consensus, nodes choose "yes" or "no" for each transaction they receive. An algorithm randomly samples nodes from the network and checks their preferences for each transaction.

If the majority agrees on the transaction order, the algorithm finalizes the order. The difference between Snowman and regular Avalanche consensus is in the structure. Snowman is organized linearly like a traditional blockchian while Avalanche consensus uses a DAG model.

In a DAG-based consensus, it can process multiple transactions simultaneously, leading to faster confirmation times, lower fees and greater scalability.

Tendermint is a BFT PoS consensus mechanism created to support the Cosmos blockchain hub which consists of other big chains like Cryptocom's Cronos chain and BNB chain

3️⃣ What is IBC & CosmWasm IBC (Inter-Blockchain Communication) is the Cosmos standard for blockchain interoperability, essentially serving as a hub to exchange data, value and other cryptos.

CosmWasm is the Cosmos equivalent of Ethereum's EVM. WebAssembly (WASM) allows devs to write smart contracts in Rust, and deploy and execute those contracts on Cosmos.

A deeper explanation into the differences between EVM and WASM can be found here - alephzero.org/blog/fundamentals-wasm-evm-aleph-zero-explores-new-frontier/

4️⃣ What is Axelar At its core, Axelar is an interoperability protocol with $1.8B in cumulative volume and growing consistently. Since it is chain agnostic, it can be deployed to any dApp on any chain

Axelar is not a bridge (bridges are built on top of Axelar). Two-way bridges alone cannot create significant interoperability. Instead, Axelar uses cross-chain messaging, which allows users to call a contract on another chain (on top of purely asset transfers)

5️⃣ Introduction to Landslide Landslide uses the Tendermint module but swaps the consensus out for Avalanche. Avalanche consensus is designed to achieve faster finality times compared to the Tendermint consensus which could allow Landslide to hit <1 second TTF

Landslide aims to achieve native IBC integration for the @avalancheavax ecosystem. This allows devs to build dApps that can interact with other IBC-enabled networks like Cosmos Hub, BSC or Kava.

The key difference between Landslide & Axelar is that Landslide is an AVAX subnet facilitating communication with IBC-enabled blockchains. Axelar can be thought of as a BaaS provider whereby projects can use their infrastructure and services for cross-chain capabilities.

Using the CosmWasm SDK allows devs to build smart contracts that execute on all WASM-supported chains. Current WASM-supported chains include: Solana, Cosmos, Fantom, NEAR, Elrond, Polkadot.

The goal of Landslide is to fork/port existing Cosmos, Kava and even Terra dApps to the new subnet and enable better interoperability with Avax. Any cosmos dApp can also launch on Landslide or launch their own chain on the Landslide subnet using the SDK.

AVAX subnets alone have a huge ecosystem. With the integration of IBC, it will create an even larger ecosystem where dApps are interoperable with other IBC-enabled networks. twitter.com/cgcardona/status/1616123268901240834?s=20&t=8hTiclS6CUHTxjCED6-qBQ

Integrating the subnet with IBC will provide access to the $1B+ in monthly transaction volumes already within the IBC ecosystem.

Combining the TVL across the Cosmos Hub will equate to about $1.2B which exceeds that of Polygon at the time of writing.

@Flowslikeosmo also recently did a short and sweet thread on Landslide that is worthy to check out. twitter.com/Flowslikeosmo/status/1624785489265033216?s=20

Gigabrains who may be interested (1/2) @DefiIgnas @crypto_linn @crypthoem @defi_mochi @DAdvisoor @CharlieXDeFi @DeFi_Cheetah @2lambro @crypto_condom @DegenCamp @ThorHartvigsen @TheDeFISaint @Only1temmy @CryptoKaduna @ViktorDefi @alpha_pls @CJCJCJCJ_

Gigabrains who may be interested (2/2) @rektdiomedes @0xFlips @Chinchillah_ @jake_pahor @Subli_Defi @Slappjakke @0xSalazar @thelearningpill @WinterSoldierxz @0xCrypto_doctor @DeFiMinty @0xSalazar @kindahangry @schizoxbt @0xKickflip @_FabianHD @CryptoShiro_ @rektfencer @arndxt_xo