dVPN network Sentinel initiates the shared use of the bandwidth in the Cosmos IBC test network »CryptoNinjas
Sentinel, a decentralized VPN protocol based on a Cosmos SDK-based architecture, announced today that the bandwidth release will be available for testing on the Sentinel Turing-4 Cosmos IBC-enabled test network in May. This transition marks a significant advance in the development of dApps that can build on the Sentinel protocol as part of its emerging, proven private Web3 stack.
Sentinel has supported Cosmos from the start …
The Cosmos IBC went live in February and enables dApps that are based on the Cosmos blockchain to work together quickly and seamlessly with other blockchains. As a result of the testnet migration, Sentinel users can leverage the underlying Tendermint Byzantine Fault Tolerant (BFT) protocol to enable cross-blockchain compatibility with immediate finality.
Blockchains that use consensus algorithms similar to Proof-of-Stake (PoS) can communicate with each other via Cosmos IBC using the Tendermint protocol. This alignment enables dApps based on the Sentinel protocol to use the decentralized communication network that has been proven to be private.
In a statement on what the scalability and usefulness of Cosmos IBC will mean for the entire Sentinel network, Dan Edlebeck, co-founder and CEO of Exidio, a code base contributor to Sentinel’s dVPN protocol, said: “We envision that Sentinel has millions of users every day as we launch our white label technology. With Cosmos IBC we can scale any number of users to the Sentinel protocol through horizontal scalability. The focus on ease of use means that we allow any type of payment that Sentinel dVPN Nodes want to accept. In other words, any IBC compatible coin can potentially be a way to pay for Sentinel’s dVPN services. “
In line with Edlebeck’s assessment, Peng Zhong, CEO of Tendermint, said: “The permissionless transfer of the value of tokens across chains is a historic moment on the timeline to a valuable Internet of blockchains. We will continue to focus on building the Cosmos Hub at the heart of the interchain – enabling commerce and connecting politically sovereign chains to create a new paradigm for economic exchange. We have a defined roadmap to realize this future and we will continue to develop services for the Cosmos Hub that create immense value for all chains connected to it. “
Sentinel is also very excited about the integration with Keplr, an Interchain wallet. With the integration of the Keplr wallet, the wider Sentinel network will become IBC-ready immediately after upgrading the Cosmos Hub and just in time for the launch of Gravity DEX, a decentralized exchange that brings DeFi to Cosmos.
These additions complement the community’s ambition to see Sentinel as one of the first assets to be found in the cosmos. The goal is for Sentinel’s most liquid trading pair to be priced into ATOMs to match Cosmos’ vision that ATOM will be the reserve currency of the interchain. Here every asset is valued in ATOMS, making it both a store of value and a medium of exchange. Sentinel will continue to build on Cosmos to complement the connection between Sentinel and Cosmos, both economically and technically.
Once the testnet build has been reviewed by contributors and the wider developer community, Sentinel users can monetize their bandwidth across blockchains. This process is expected to take between 3 and 4 days. Successful implementation is determined by the Sentinel validators.
To issue the governance update, validators must certify the updated proposal. This will trigger the transition to the Cosmos IBC mainnet. From then on, users can create new applications such as proven private decentralized exchanges (DEXs) across blockchains. This rapid evolution of the Sentinel protocol will expand the use cases for developers exponentially.
With this important development, Sentinel invites validators to begin testing the Sentinel dVPN protocol on Cosmos IBC testnet starting Monday, May 3rd. If the tests go according to plan, the Sentinel network should be migrated to the IBC mainnet by May 24th. Validators who want to participate in the test network must submit GenTx to the test network repository. Further details will be announced shortly.
The Sentinel dVPN is a decentralized open source VPN network application.
The stakeholders involved in the Sentinel network include:
- Validators – Consensus participants in the upcoming Sentinel Cosmos hub who are responsible for securing the network and participating in the control of the Sentinel ecosystem.
- user – The end user who wants to access a dVPN based on the Sentinel framework in order to verifiably secure the Internet.
- dVPN node hosts – Community members who intend to monetize the provision of unused bandwidth for dVPNs built on the Sentinel network by hosting either an exit node or a relay node (while meeting certain required service level thresholds).
- dVPN Application Creator – The creator of a dVPN based on the Sentinel framework and using the Sentinel dVPN zone as the infrastructure layer. The application builder is responsible for user acquisition and marketing to generate revenue and pay for dVPN node hosts.
Sentinel is an open source marketplace for encrypted peer-to-peer bandwidth that anyone can access. Users can connect to any of the secure decentralized VPN (dVPN) applications based on the Sentinel network. Individuals can also generate passive income by offering their bandwidth to the market. Live network statistics can be found at https://stats.sentinel.co.