Cosmos Hub to Enhance Security with Permissioned Smart Contracts

• Cosmos Hub to integrate permissioned CosmWasm smart contracts in v18 upgrade, enhancing security and functionality.
• Permissioned CosmWasm requires governance approval, ensuring only high-quality, vetted contracts are deployed on Cosmos Hub.
• Osmosis DEX celebrates three years, with 210M transactions, $34B trading volume, and significant community contributions.

In a move aimed at enhancing security and expanding functionality, the Cosmos Hub has announced plans to integrate permissioned CosmWasm smart contracts into its upcoming v18 upgrade.

This significant development, expected in mid-July, introduces a new layer of control over smart contract deployments within the Cosmos ecosystem.

1/ @DA0_DA0 is set to be the first app to utilize the permissioned CosmWasm, which will be added to the Hub on v18 (approx mid-July).

Worked on by @ATOMAccelerator, both teams are seeking feedback on the Forum.

pic.twitter.com/9GTfWQooxg

— Cosmos Hub (@cosmoshub) June 17, 2024

Unlike traditional CosmWasm, where anyone can deploy contracts freely, permissioned CosmWasm mandates prior approval by Cosmos Hub governance. This rigorous approach minimizes the risk of exploits a…

The post Cosmos Hub to Enhance Security with Permissioned Smart Contracts appeared first on Coin Edition.