What Is Juno Network?
Juno Network is a global, open-source, permission-less network built for decentralized interoperable applications. It empowers anyone to create and use inter-chain applications.
Background
Juno, a community-driven initiative, was created by developers, validators, and delegators in the Cosmos ecosystem. It was launched on October 1st, 2021, and its CosmWasm Smart Contracts went live on December 15th, 2021.
How It Works
Utilizing the Cosmos SDK and the Tendermint Consensus, Juno allows developers to deploy secure and robust inter-chain smart contracts in Rust. The network is governed by delegators, who vote on changes via on-chain governance. All network processes are powered by $JUNO, the native asset of the network. The goal of the network is to preserve the neutrality, performance, and reliability of the Cosmos Hub and delegate smart contract deployment to a dedicated sister Hub.
Key Takeaways
- Juno Network is a global, open-source network designed for decentralized interoperable applications.
- A community-driven initiative within the Cosmos ecosystem launched it.
- Juno allows developers to deploy secure and robust inter-chain smart contracts in Rust.
- The network is governed by delegators who vote on changes via on-chain governance.
- The goal of the network is to preserve the neutrality, performance, and reliability of the Cosmos Hub.
