Bison Trails clients are overjoyed with the recent development of granting staking and node services for Cosmos.
The firm supports the Cosmos ecosystem, and the clients can engage in staking activities and run nodes on the ecosystem. Bison Trails is an infrastructure firm that simplifies the processes of staking & running nodes on blockchains.
The firm serves a wide range of clients, including exchanges, custodians, and even funds. Bison Trails also facilitates the connection of Web 3.0 to blockchain data.
Last January, Bison Trails joined forces with a top exchange Coinbase to enable them to operate as part of the US exchanges. With this new support, its clients can stake & delegate tokens through Bison’s infrastructure’s participation clusters.
They can now earn transaction fees & rewards as they participate in keeping the Cosmos network secure and operational.
How Bison Aims to Support Cosmos Network?
The participation cluster has two components known as the sentry nodes and the validator nodes. While the validator nodes are privately hosted, the sentry nodes interface between the public blockchain network and the validator nodes.
To ensure adequate security, the firm deploys the participation cluster with remote hardware security modules. The aim is to protect the validator’s private keys from the public internet.
According to what the firm announced, the clusters can withstand any form of attack because the sentry nodes are shielding the validator’s nodes from the public network. That way, the nodes can’t be compromised through DDoS or remote access.
Bison Trails also disclosed that it’d expand its node services to include archival nodes, light client support, and full QT nodes.
A Brief on Cosmos
Cosmos is an ecosystem comprising of different independent blockchains that connect, scale, and communicates freely. These parallel blockchains are customizable & interoperable with the other blockchains outside Cosmos.
With the open-source Tendermint protocol which Cosmos uses, its developers can work easily with big blockchains such as Ethereum, Bitcoin, NEO, etc.
In February, Cosmos launched an “Inter-Blockchain Communication Protocol,” which they called “Stargate.” The firm proposed that the new protocol will enable blockchains based on Cosmos and others to interoperate easily.
While the crypto community was waiting for the release of the protocol last month, the Cosmos ATOM token increased in value.
The token rose above $10 and rallied at $26 during the release of Stargate on the 18th of February. But since then, the Cosmos token recorded some setbacks and is now trading at $18.50.