What is Juno?
Juno launched in October 2021 as a global, open source, permissionless network for building decentralised interoperable applications. Built using Cosmos SDK, anyone can create and use inter-chain applications on Juno. Juno acts as the sister hub to Cosmos, which offloads smart contract usage and congestion to a designated smart contract zone.
What are the core features of Juno?
- Staking: Juno allows users to stake their JUNO tokens and earn rewards for helping to secure the network. This helps to incentivize users to participate in the governance and security of the platform.
- Governance: Juno is governed by its community of users, who can propose and vote on changes to the platform. This helps to ensure that the platform remains decentralized and responsive to the needs of its users.
- Interoperability: Juno is designed to be interoperable with other blockchain platforms, which allows for the seamless transfer of assets and liquidity across different networks. This helps to increase the flexibility and accessibility of the platform.
- Decentralized applications (dApps): Juno supports the development and deployment of decentralized applications (dApps) on its platform. This allows developers to create innovative financial products and services that are accessible to a wide range of users.
- Low transaction fees: Juno’s transaction fees are relatively low compared to other DeFi platforms, which makes it more accessible to a wider range of users.
- Community-driven development: Juno is developed and maintained by a community of developers, who are committed to building a robust and secure DeFi platform that is accessible to everyone.
What is the native token of Juno?
The native token of Juno is JUNO. JUNO is the native token of the blockchain used for securing the network, earning rewards, and governance voting.