OIP-4: Implementing Replicated Security for a More Robust and Expansive Ecosystem

Onomy Improvement Proposals (OIPs)
1

Implementing Replicated Security for a More Robust and Expansive Ecosystem

Abstract:

This OIP proposes the implementation of replicated security on the Onomy Network, enabling developers to deploy their app chains in Onomy’s ecosystem and be secured by the Onomy Validator Guild (OVG). For more information on appchains, read here. Traditionally, app chains require a team to attract and bootstrap a validator set. The integration of replicated security rids of that hurdle, enhancing Onomy ecosystem’s adoption by attracting new participants and app-chains, growing the number of teams working in the Onomy Ecosystem, diversifying the application set within Onomy, and facilitate seamless cross-chain communication and interoperability amongst all app-chains while providing interoperability with Cosmos IBC, EVM, and more via the Arc Bridge Hub. Validators in the OVG will secure additional app chains, and staking rewards plus fees from consumer app chains may be allocated toward parent chain validators and delegators of NOM.

Motivation:

The motivation behind this OIP is to leverage the replicated security feature to foster innovation and collaboration within the Onomy ecosystem. By simplifying validator management and providing a secure environment, Onomy can attract more developers, expanding its ecosystem and driving the growth and adoption of the Internet Financial System (IFS).

Specification:

  1. Integrate replicated Security via a chain-upgrade proposal. Develop guidelines and documentation for deploying app chains on Onomy using replicated security.
  2. Create an onboarding process for developers, including educational resources, support, and dedicated communication channels.
  3. Establish a mechanism for the Onomy Validator Guild to secure, onboard and monitor new app chains.
  4. Promote the adoption of replicated security and provide DAO-based incentives for developers to join the Onomy ecosystem.

Rationale:

replicated security offers a more robust and secure environment for app chains without the need for independent validator management. This simplification allows developers to focus on building and refining their applications while benefiting from enhanced security, seamless cross-chain communication, and interoperability.

  • Full provider security. At launch, consumer chains are secured by the full validator set and market cap of the provider chain.
  • Independent block-space. Transactions on consumer chains do not compete with any other applications. This means that there will be no unexpected congestion, and performance will generally be much better than on a shared smart contract platform such as Ethereum.
  • Projects keep the majority of gas fees. Depending on configuration, these fees either go to the project’s community DAO, or can be used in the protocol in other ways.
  • No validator search. Consumer chains do not have their own validator sets, and so do not need to find validators one by one. A governance vote will take place for a chain to get adopted by the provider validators which will encourage participation and signal strong buy-in into the project’s long-term success.
  • Instant sovereignty. Consumers can run arbitrary app logic similar to standalone chains. At any time in the future, a consumer chain can elect to become a completely standalone chain, with its own validator set.

Validator & Constitute Delegator Benefits

Consumer chains have the option of sharing their block rewards (inflation tokens) and fees with provider chain validators and delegators. In replicated security block rewards and fees are periodically sent from the consumer to the provider according to consumer chain parameters using an IBC transfer channel that gets created during consumer chain initialization.

Reward distribution on the provider is handled by the distribution module - validators and delegators receive a fraction of the consumer chain tokens as staking rewards. The distributed reward tokens are IBC tokens and therefore cannot be staked on the provider chain.

Reference

Security Considerations:

Implementing replicated security onto the Onomy Network requires careful consideration of potential security risks and implications. The Onomy Validator Guild must be prepared to handle the increased workload of securing and monitoring new app chains. Replicated Security does allow for validators to operate consumer app chains on the same machines as the parent chain, however, it is recommended to use additional machines so that a machine failing does not compromise the entire operation. It could be the case that validators choose to host on the same machine, then move to a separate machine as the consumer chain(s) grow larger. Validator opt-out is not currently available, but may be in future. Replicated Security’s code is written by a collection of teams working on decentralized technology in Cosmos. Additionally, guidelines and documentation should outline best practices for developers to minimize potential security risks while deploying their app chains.

STATUS: INTEGRATED ON MAINNET

46 Likes
2

awesome and perfect time to bring some RWA`s to the on-chain world via Onomy

9 Likes
3

Enabling Cross-Chain Security on Onomy Network is a great improvement. It is important that you feel safe while communicating with the networks in the Cosmos ecosystem.

6 Likes
4

Good!
the more validators the better and provide security for every user. not only that, but simplification also needs to be done and become part of the innovation itself :owl:

6 Likes
5

The blockchain should be filled with more and more validators and expand the networks as much as possible. Connecting different blockchains in one place is an integral part of attracting liquidity from the entire crypto industry.

1 Like
6

Wow! The expansion of the Onomy ecosystem is great news. For such big goals as moving the Forex market to a decentralized world, expanding the Onomy ecosystem is a must!

5 Likes
7

Good news! I think, this improvement can significantly increase the interest of the general audience and corporate customers in blockchains, which will help in the development of this industry. I am very interested in the future development of the Cross-Chain Security on Onomy Network🔥

2 Likes
8

Project that aims to expand its network by attracting more and more validators has tremendous potential for growth and development in the future. Connecting different blockchains in one place opens up opportunities for attracting liquidity from the entire crypto industry, which can make this project even more attractive to investors and users. I believe that such projects are important for the development of the cryptocurrency market and can make a significant contribution to its future

4 Likes
9

so the decision is very appropriate for the development of the Onomy network and encouraging developers to create something new on it.and this is to ensure greater stability of the network, which, of course, is a big plus there potential for development.and nowadays it is also very important to increase network security for further user base

1 Like
10

in my opinion, creating an adaptation process for developers by sending them information through educational videos, presentations or meetings, so we will increase interest in the project

11

It’s great to see the ecosystem evolve and grow using the inter-chain security feature to foster innovation and collaboration in the Onomy ecosystem

2 Likes
12

Amazing !! Any improvement about Security is very welcome !!

3 Likes
13

Looks like a great idea, anything that could improve security and raise the attraction for new developers has my thumps up

15

Several of the basic advantages of adopting the cross-chain security feature are that developers are abstracted from managing the independent validator and focus on developing, that incentives are provided through a DAO to developers, to attract them and that transactions do not compete with each other, which improves performance and for me the most important thing, using existing validators (which means not searching for them) makes this proposal something magnificent!

1 Like
16

One of the most important things is security for users and Onomy also offers it to new projects that want to join Onomy.

17

It is wonderful news. Security is too important for the DeFi world, and especially for the Onomy project. This will give you much more strength and confidence.

18

The most important thing in cross-chain transfer is security. Here onomy has achieved an unparalleled progress and success in this field. I think this will be one of the indispensable things.

19

It is also possible to develop a new security mechanism. A possible improvement for validators is the introduction of new security mechanisms that will help protect the cryptocurrency network from attacks. For example, the use of a multi-signature or the introduction of additional checks at each stage of transaction processing.

20

I think enabling cross-chain security in Onomy would be a great improvement. This improvement could increase the attraction for new developers, encourage innovation and collaboration within the ecosystem. This will give a lot of importance to the project, and confidence to the developers and community.

21

I think it is spectacular, everything that is to expand security in the crypto world and especially onomy will help a good adoption of this great protocol and gives security to users.

1 Like