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Thursday, October 21, 2021

Juno Airdrop Review: Smart Contracts Evolved

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About Juno Airdrop

Juno Airdrop is an open source platform for interoperable smart contracts which automatically executes, controls or documents a procedure of relevant events and actions according to the terms of such contract or agreement to be valid & usable across multiple sovereign networks.

Juno will be airdropping a total of 30,663,193 JUNO to ATOM stakers. The snapshot was taken based on the Cosmos Hub 3 snapshot from February 18th, 2021 at 6:00 PM UTC. Eligible stakers will get free JUNO at a ratio of 1 ATOM : 1 JUNO.

PlatformTotal valueMax. ParticipantsWebsite
Cosmos30,663,193 JUNOUnlimitedClick Here To Visit

Step No 1

Register for the Juno Airdrop , by creating an account.

Step No 2

Verify your email & log in to your account.

Step No 3

Take part in the referral program and invite 3 friends.

Step No 4

Join Juno Airdrop on Telegram group & Telegram channel

Step No 5

Follow Juno Airdrop on Twitter & like/share the pinned tweet and tag 3 friends.

Step No 6

Like/follow Juno Airdrop Now, everyone can become a Airdrop on Facebook & like/share the pinned post.

Problems that JUNO solves

First generation smart contract networks have a common bottleneck which is limited scalability & high cost to deploy smart contracts.

Juno offers a blockchain network that scales to 10000 tps & and provides an environment for cost effective deployment at -99% reduced cost. All this while being the first mover to bring interoperable smart contracts to the blockchain world.

Speed

Built on the Cosmos SDK ensures high throughput and fast contract execution.

Cost

Low cost deployment up to 35000 times cheaper than gen 2 blockchain networks.

Interoperability

Deployment on Juno and interoperable with all networks in the cosmos ecosystem via IBC.

Smart Contracts

Code your contracts in rust or Golang with the powerful CosmWasm Smart Contract Framework.

Contracts That Just Work

Hack JunoHack

Juno is a smart contract competition where developers can test their skills by coding next-generation, decentralized logic in Rust.

Network Launch

The Juno network is expected to October 1st, 2021. Currently 150+ validators and 20+ developers are organically contributing to bootstrap the network and working on integrations to ensure a smooth launch and user experience.

Economic Overview

Juno´s economic system is designed to foster a self-sustaining economy were incentives are aligned to drive security and decentralization of the Juno Network. Participants in this economy include validators, developers and delegators. The native network incentive structures is pre-set in the Juno Protocol at genesis but subject to change based on the flexible evolution of the economy. All changes to the structure can be voted in or out by Juno delegators and validators. Not only does the native asset secure the network but gives onchain governance voting rights.

Incentives follow a pre-set game-theory model that has been crafted to strongly incentivize early adopters and gradually decreases as fees generated by p2p transactions and usage of decentralized applications on Juno make up for the decrease over time. These protocol-based rewards are distributed per epoch across the active delegated stake/validator set. More structural details can be found in the incentive structure tab (Below the economic overview)

Why Juno?

Juno as a sovereign public blockchain in the Cosmos ecosystem, aims to provide an environment for the deployment of interoperable smart contracts. The network serves as a decentralized, permissionless & censorship resistant avenue for developers to efficiently and securely launch smart contracts using proven frameworks and compile them in various languages Rust & Go.

Battle tested contract modules such as CosmWasm, allow for decentralized applications (dapps) to be compiled on robust and secure multi-chain smart contracts. EVM support and additional specialized modules are to be introduced after genesis and are subject to onchain governance.

IBC

At the heart of Cosmos ecosystem is the Inter Blockchain Communication Protocol (IBC), which sets the table for an interoperable base layer 0 to now be used to transfer data packets across thousands of independent networks supporting IBC. Naturally, the next evolutionary milestone is to enable cross-network smart contracts.

Cosmos SDK

The Juno blockchain is built using the Cosmos SDK framework. A generalized framework that simplifies the process of building secure blockchain applications on top of Tendermint BFT. It is based on two major principles: Modularity & capabilities-based security.

Tendermint

Agreement on the network is reached via Tendermint BFT consensus.

Tendermint BFT is a solution that packages the networking and consensus layers of a blockchain into a generic engine, allowing developers to focus on application development as opposed to the complex underlying protocol. As a result, Tendermint saves hundreds of hours of development time.

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