[Research] The Governance of Cosmos Interchain Security
Research Report: The Governance of Cosmos Interchain Security Authors: Darcy Allen , Chris Berg , Sinclair Davidson (RMIT Blockchain Innovation Hub) We are excited to share the findings and recommendations of our research report, supported by the ATOM Accelerator DAO. • The research report, The Governance of Cosmos Interchain Security , is available for download at the Social Science Research Network here . • Our proposed onboarding template is available for download here . Our research analyses the governance of interchain security and provides a series of findings and recommendations. This report builds on our previous governance forum posts ( here and here ) and on many conversations we’ve had with community members over the previous few months, including recently at Cosmoverse. We welcome any further community discussion on these topics as we continue to research and engage in the Cosmos ecosystem. Summary of research report • Interchain Security (ICS) is the specific Cosmos implementation of a broader family of shared security models across blockchains boundaries. The first iteration of ICS, replicated security, enables the validator set of the Cosmos Hub…
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CONTEXT: The research report on Interchain Security (ICS) explores shared security models within Cosmos, focusing on replicated security. It highlights challenges in governing economic relationships between producer and consumer chains. ANALYSIS: The report addresses potential hazards in ICS agreements, emphasizing the risks of vertical integration, challenges in adapting to incomplete contracts, and the possibility of opportunism. Key recommendations include creating dedicated governance bodies for individual ICS agreements, ensuring regular reviews, and adapting to prevent collapses. The report also recognizes foreign exchange risk as a critical contractual decision. CONCLUSION: We recognize the importance of structured governance to ensure the success and resilience of shared security models like ICS. Moreover, considering the existing structure of the AADAO (Atom Accelerator DAO), there is merit in exploring the possibility of creating a sub-DAO specifically tailored to handle the governance of ICS agreements. Leveraging the expertise and framework of the AADAO could streamline the governance process, bringing efficiency and coherence to the negotiation and…
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Very interesting read, thank you 