Juno is an interoperable, permissionless network for cross-chain smart contracts built on the Cosmos SDK (software development kit). Created with the vision to establish a sister hub for the Cosmos network, JUNO currently functions as a sovereign public blockchain within the Cosmos ecosystem.
The protocol has its native coin, JUNO. The high-scalability, low-cost, and native interoperability features have been responsible for the swift rise in demand and utility of $JUNO, the native token of the JUNO network.
Check the live Juno price, market cap, total supply, max supply, circulating supply, trading volume, and other metrics, along with in-depth information on several of the biggest and fastest-growing cryptocurrencies on CoinStats, one of the best platforms around.
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Read on to learn everything you need to know about the Juno network and the JUNO token.
What Is JUNO
Juno is a permissionless, layer-1 Smart Contract network within the Cosmos ecosystem that provides an environment for deploying interoperable smart contracts. The decentralized protocol allows developers to efficiently and securely launch smart contracts using proven frameworks and compile them in various languages Rust & Go (among the youngest open-source programming languages).
JUNO aims to offload the computational burden of smart contracts from the Cosmos ecosystem. It utilizes IBC (Inter-Blockchain Communication), a communicative protocol for one blockchain to communicate with another. This IBC integration enables JUNO to transfer data packets across other independent networks supporting IBC, thereby enabling cross-network smart contracts.
$JUNO, the project’s native token, holds multiple use cases within the JUNO network. The token is used for on-chain governance and to secure the entire network, which runs a Proof-of-Stake consensus algorithm. $JUNO is 100% community-owned and operates on a smart contract platform. It's used as collateral for various smart contract functionalities and acts as a work token to capture value from the multiple DApps built on top of JUNO.
JUNO Founders
Juno Network is a community-driven project. It started from a Telegram discussion by some members of the Cosmos community who teamed up to build the project.
One of Juno's core contributors is Andrea Di Michele, a full-stack developer.
The group members voted on the project name and technical details through Telegram polls. Now Juno has on-chain governance, and there is no single company funding the network.
Juno was launched on October 1, 2021, through an airdrop. The token's max supply is 185,562,268 assets.
JUNO price is volatile. Get started by checking its current price on CoinStats!
How Does JUNO Work
The Juno network serves as a decentralized and censorship-resistant space for developers to launch application-specific smart contracts in Rust or Go, with a potential addition of C and C++ in the future. These contracts are then compiled to CosmWASM, enabling WebAssembly virtual machines in the Cosmos SDK. WebAssembly allows software written in different languages to run securely on the blockchain.
The Cosmos SDK Framework streamlines the process of developing secured decentralized applications (DApps) on the blockchain with the help of Tendermint BFT. Tendermint saves loads of work and time for the developers by combining the networking and consensus layers of the blockchain into a generic engine, thereby enabling developers to focus on app development instead of underlying protocols.
How to Buy JUNO
The JUNO token is not directly available on popular exchanges like Coinbase, Coinbase Wallet, or Binance. Instead, you can buy it on exchanges like Osmosis, Sifchain, and CoinStats.
Check our CoinStats blog for a step-by-step guide on how to buy Juno!
