Althea in 2020
2020 has been a banner year for Althea. With enormous progress and a forward looking future.
Stories about Ethereum Blockchain.
8 posts2020 has been a banner year for Althea. With enormous progress and a forward looking future.
Crossing the bridge: Ethereum -> Cosmos on Rinkeby! This Saturday we hosted Peggy BrokenNet #1. Over the course of our rapid 4 hour test we 1. Successfully deployed a 10 validator Cosmos blockchain with the Althea-Peggy Cosmos module 2. Successfully deployed the Peggy Ethereum contract [https://rinkeby.etherscan.io/address/0x529222Ffa78B5D4d04eaA9D8037c11aAF2Fa2254] to Rinkeby 3. Successfully bridged ERC20 tokens [https://rinkeby.etherscan.io/tx/0x69fc04de904cf29c2301e134ca1
Althea is excited to announce a partnership with Iqlusion and several Cosmos projects to form a new collaboration focused on the development of bridges, tools, and infrastructure for blockchain projects.
Good projects are built on good tooling. In the case of the Peggy Cosmos <-> Ethereum bridge developer tooling is a particularly complex problem. If you want to test Peggy end to end you need to build and deploy a full software stack for two different blockchains. For the experienced this represents hours of setup work, for the inexperienced this is an unassailable barrier to contribution. For this reason we've invested a large amount of work in test tooling for Peggy including an all up inte
75% of the cost of your transfer across the bridge is a simple state update in an ERC20 contract. We manage to fit all the hashing and verifications for 125 signatures into 25% of the cost!
DeFi investment is just another set of rules and automation for the bridge. Not a giant leap in technology, but instead, of perspective.