The team behind interoperable blockchain network Cosmos (Atom) recently hosted the Cosmoverse Briefing live from Lisbon, Portugal.

Boot off the two-day issue, Zaki Manian, co-founder of decentralized finance, or DeFi, project Sommel and sometime lead developer at Cosmos and Tendermint (Cosmos network's core correspondent), discussed a number of technologies under development by the Creation ecosystem.

Co-ordinate to Manian, a development called ABCI ++ will enable the addition of consensus events on other blockchains to the block production process, improving the efficiencies of cross-chain bridges and oracles on the network. Side by side, developers can use dynamic IBC (dIBC) functionality to introduce governance proposals across different blockchains instead of just IBC token transfers. Thirdl, liquid staking would permit users to stake their ATOM while receiving a derivative of the asset that can be used in DeFi applications. Finally, interchain accounts are meant to help build multichain applications, where decentralized democratic organizations, or DAOs, on one concatenation tin directly command accounts or wallets on another.

Sunny Aggarwal, co-founder of Osmosis, a decentralized exchange, or DEX, on the Creation ecosystem, elaborated on the concept of liquidity staking further during the panel. Aggarwal explained that coin holders could soon earn better yields past simultaneously accessing multiple DeFi pools with the same underlying tokens. He raised the example of users pledging their Osmosis (OSMO) tokens to provide trading liquidity for the substitution, receiving OSMO liquidity provider tokens, and then depositing the same OSMO LP tokens back into a staking pool. Then coin holders can harvest the yield in the LP pool and the staking pool all at once.

In another segment, Enrico Talin, co-founder of Commercio.network, claimed to take created the first legally-bounden blockchain in the world. Its infrastructure stores encrypted versions of users' personal data, such as vaccine records, commuter'south licenses, passports, etc. Theoretically, users would be able to send their electronic signature and proof of identity over the blockchain when requested, such as when signing up for a new bank account. The verifier tin can then confirm, via decentralized consensus, that the signature is genuine and the documents are from a legit issuer.

However, no personal data is exchanged on the blockchain, only their proofs. Talin then discussed the possibility of creating legally bounden nonfungible token, or NFT, contracts that confirm the ownership of real-world assets. Later this year, privacy-circulate features, IBC, and legal certificate NFTs will all be available on Commercio.network.