While we will continue to keep you updated on the progress of the Cosmos DEx, we will no longer be including milestones related to Honte or the Cosmos DEx on the OMG core roadmap since the timeline of the Cosmos DEx will be largely contingent on the development of Cosmos itself.
Tendermint DEx (Honte)
Eliminated from OMG roadmap — Spooning to Cosmos DEx
Honte was a Tendermint construction which was being developed to provide sufficient throughput and a proof-of-stake (PoS) for early implementation of the OMG network while Plasma was still in the research phase.
As announced in this post, Plasma progressed more quickly than expected. As a result we decided to stop work on Honte to focus on Plasma. All research and code related to Honte is available on our Github, but please note it is for research purposes only.
The OMG token will be “spooned” soon after the Cosmos hub launch. Put simply, a snapshot of all balances will be taken at a given block height, and every address holding OMG at that time will receive an equal quantity of the Cosmos DEx staking token (not to be confused with ATOMs — the Cosmos DEx will have a separate token). As stated will give at least 2 weeks’ notice before the snapshot.
We will continue to work closely together with the Cosmos team to build a parallel DEx on Cosmos. The Cosmos DEx will use a Tendermint PoS construction, and you can start learning today how staking will work on Cosmos! Join the Cosmos validators room on Riot: https://riot.im/app/#/room/#cosmos_validators:matrix.org
From the OmiseGO Roadmap Update: May 9, 2018
While we will continue to keep you updated on the progress of the Cosmos DEx, we will no longer be including milestones related to Honte or the Cosmos DEx on the OMG core roadmap since the timeline of the Cosmos DEx will be largely contingent on the development of Cosmos itself.
Tendermint DEx (Honte)
Eliminated from OMG roadmap — Spooning to Cosmos DEx
Honte was a Tendermint construction which was being developed to provide sufficient throughput and a proof-of-stake (PoS) for early implementation of the OMG network while Plasma was still in the research phase.
As announced in this post, Plasma progressed more quickly than expected. As a result we decided to stop work on Honte to focus on Plasma. All research and code related to Honte is available on our Github, but please note it is for research purposes only.
The OMG token will be “spooned” soon after the Cosmos hub launch. Put simply, a snapshot of all balances will be taken at a given block height, and every address holding OMG at that time will receive an equal quantity of the Cosmos DEx staking token (not to be confused with ATOMs — the Cosmos DEx will have a separate token). As stated will give at least 2 weeks’ notice before the snapshot.
We will continue to work closely together with the Cosmos team to build a parallel DEx on Cosmos. The Cosmos DEx will use a Tendermint PoS construction, and you can start learning today how staking will work on Cosmos! Join the Cosmos validators room on Riot: https://riot.im/app/#/room/#cosmos_validators:matrix.org