About

JUNO is a Layer-1, Proof-of-Stake (PoS) blockchain built using the Cosmos SDK and serving as a cross-chain smart contract Hub for the Cosmos Ecosystem. It aims to be a more functional sister network to the Cosmos Hub. The chain allows developers to write and deploy contracts using CosmWasm. JUNO, the native asset of the network secures the blockchain via proof of stake and acts both as a key to on-chain governance and as fuel for all interoperable smart contracts deployed in the ecosystem.

History

JUNO is the result of a community initiative launched by a group of developers, validators, and delegators from the Cosmos ecosystem. JUNO's vision is to preserve the interoperability, performance, and reliability of the Cosmos ecosystem and offload smart contract deployment to a dedicated permissionless network. The project was announced in March 2021 and launched on Oct. 1st, 2021. To eliminate potential legal limitations, all JUNO tokens were distributed to the community on an airdrop for Cosmos stakers without any early investors (no seed sales, private sales, or public sales).

To build a fully interoperable network, JUNO aims to be a pioneer in the development and adoption of CosmWasm and the InterWasm DAO. CosmWasm is a smart contracting platform that brings WebAssembly (WASM) virtual machine into the Cosmos-SDK. WASM plays as an intermediate language allowing developers to program and launch smart contracts in many different programming languages. JUNO is also one of the four initial board members of InterWasm DAO, which aims to ensure the success of the CosmWasm ecosystem by owning codebases and funding community good projects.