Make Atom the interchain gas fee token

jacobgadikian · February 7, 2025, 9:13pm

Multi-chain p2p networks (need word for many comets or many mints to name the feature)

opened 06:50PM - 07 Feb 25 UTC

## Problems * Currently it is unreasonably difficult to join a cosmos peer to …peer network. * For "noobs" it is nigh on impossible. Crypto UX should absolutely be as good as, or better than bitcoin-qt https://bitcoin.org . * Operating relayers is expensive and time consuming -- and it is also unreliable because of jankyish software and high fees limiting the selection of relayers * the IBC fee module has failed and was never an economically rational design * from a user perspective, IBC transactions should feel as fluid as those on the chain they're working on. This will allow a network of cosmos chains to scale and feel responsive * Cosmos repositories are disjoint in ways that deeply harm developer experience, and have contributed to numerous software failures * $atom has no role in the IBC network ## Solutions (these should be implemented together) ### Ecosystem architecture * the hub should go back to being simapp. They should be the exact same thing * IBC should be moved into the cosmos-sdk repository * cometbft should be moved into the cosmos-sdk repository * codebases should be standardized, and duplication reduced ### The Gaian Mesh This is a network of chains that choose to acede to a new, polycentric p2p network that does ibc relaying. Because relaying is such a monumental pain, and because this metanetwork will improve user expereince, that'll work, and chains will join. Chains will use fee abstraction for swaps on Osmosis, and every chain will pay tx fees in atom when they use ibc, as part of aceding to the gaian mesh. * https://github.com/cosmos/gaia/issues/3510 Pitch to chains: * you won't need to think about relaying anymore * ibc will be faster * it will be easier to build advanced ibc applications, and to compose between separate chains Craziest part If we do this well enough, we could market it outside of cosmos, maybe. But let's focus on cosmos first.

There’s a workable way that I think other chains would gladly accept.

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[on-chain proposal] - Cosmos Hub IBC relayer gas cost restitution plan - FeeGrants Hub Proposals draft	60	6004	October 18, 2024
[ATOM Accelerator] IBC relaying operations: designing a long term solution while positioning ATOM Conversation	9	1217	January 2, 2024
CHIPs discussion phase: Use staked ATOM for gas on every Cosmos chain CHIPs discussion-phase	38	1880	December 12, 2024
[GasPrice] Do we want low gas price for the hub? Miscellaneous	16	5867	August 29, 2019
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Make Atom the interchain gas fee token

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