'How to Manage All Your Keys with One Seed Phrase in Cosmos Ecosystem' by cosmos cosmosnetwork defi
Cross-chain DeFi gains momentum and the increasingly robust and more inclusive alternative financial system carries more weight.
Yet, as may be expected when presiding over the growth of any new technology, as new strides are taken in some areas, in others, we uncover room for improvement or existing ways of doing things that no longer make sense. This was aptly illustrated in the recent upgrade to Cosmos SDK versioning, for example.
The Cosmos SDK versioning had always reflected that of a Beta. Every new iteration began with a “0” despite years of being tested, run in production, and recognized by the industry. The Tendermint team decided it was time to make the change. And, as we go further down the unbeaten path of interoperability to make the Internet of Blockchains a reality, we’ve identified a need to make another modification, this time to private and public key generation.
So, say you didn’t want anyone to connect your identity on Cosmos Hub with your identity on Regen. You would need to have an extra mnemonic phrase for one of those chains. Clearly, this quickly becomes inconvenient as you transact across further chains. Confio, with the backing of ICF and Tendermint, therefore, propose an important upgrade that allows the convenience of using just one seed phrase to manage all your keys, yet keeps their identities separate, even on Cosmos chains. It’s called the
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