The cosmos network through the cosmos hub has announced its intention to fund the upcoming interchain security testnet.
https://twitter.com/everstake_pool/status/1584588206070456322
The incentivized testnet is set to launch in November 2022, and about 96.62% of the cosmos community has agreed to pool about $300,000 which is the equivalent of 20,000 $ATOM tokens.
The cosmos hub is more like the next level in terms of its features and makeup.
 It is one of the first PoS Blockchain networks to offer staking services that involve locking tokens to receive trading fees, at the same time securing the chain.
The Hub is also equipped with gravity DEX, a tool that will aid the seamless swapping of digital assets cross-chain.Â
It is one of a kind because it is like a hybrid DEX combining AMM features and the Order-Book model to provide a more exciting and efficient trading experience.
A mega feature on the chain that can’t be downplayed is interoperability.Â
The cosmos network allows users to exchange data and crypto assets freely across multiple chains, DeFi and CeFi. This is made possible through the IBC (inter-blockchain communication) protocol. Cosmos hub serves as the channel to tap into this feature.
The interchain feature on the cosmos hub allows users to create interchain accounts that are IBC based, thereby allowing the user to control all other accounts on other chains from just one.
The interchain security incentive testnet will compensate validators active participants of the Cosmos Hub testnet.Â
The community intends to reward validators who complete the testnet milestones with half the funds.
On the other hand, the remaining half will serve as a bonus to validators to spot bugs or performance issues on the testnet.
In addition, validators who come up with new initiatives to develop tools or help monitor the testnet after launch will also be eligible for the bonus.
