Update README.md (cosmos#5828)

README.md

@@ -34,16 +34,15 @@ Once schemas have matured and client needs are better understood Chain Registry
 
 ## Contributing
 
-We accept pull requests to add data to an existing assetlist.json or chain.json (especially to add peer data or public rpc endpoint) or to add a new chain or asset.
-
-Please give Pull Requests a title that somewhat describes the change more precisely than the default title given to a Commit. PRs titled 'Update chain.json' are insufficient, and would be difficult to navigate when searching through the backlog of Pull Requests. Some recommended details would be: the affected Chain Name, API types, or Provider to give some more detail; e.g., "Add Cosmos Hub APIs for Acme Validator".
+Please give Pull Requests a title that somewhat describes the change more precisely than the default title given to a Commit. PRs titled 'Update chain.json' difficult to navigate when searching through the backlog of Pull Requests. Some recommended details would be: the affected Chain Name, API types, or Provider to give some more detail; e.g., "Add Cosmos Hub APIs for Acme Validator".
 
 ### Endpoints reachability
 
 The endpoints added here are being tested via CI daily at 00:00 UTC. It is expected that your endpoints return an HTTP 200 in the following paths:
 - rest: `/status`
 - rpc: `/cosmos/base/tendermint/v1beta1/syncing`
 - grpc: not tested
+Endpoints that consistently fail to repond successfully may be removed without warning.
 
 Providers ready to be tested daily should be whitelisted here: `.github/workflows/tests/apis.py`
 
@@ -97,43 +96,7 @@ A sample `chain.json` includes the following information.
       "name": "v3",
       "genesis_url": "https://github.com/osmosis-labs/networks/raw/main/osmosis-1/genesis.json"
     },
-    "recommended_version": "v25.0.0",
-    "compatible_versions": [
-      "v25.0.0"
-    ],
-    "binaries": {
-      "linux/amd64": "https://github.com/osmosis-labs/osmosis/releases/download/v25.0.0/osmosisd-25.0.0-linux-amd64",
-      "linux/arm64": "https://github.com/osmosis-labs/osmosis/releases/download/v25.0.0/osmosisd-25.0.0-linux-arm64"
-    },
-    "consensus": {
-      "type": "cometbft",
-      "version": "0.37.4",
-      "repo": "https::github.com/osmosis-labs/cometbft",
-      "tag": "v0.37.4-v25-osmo-2"
-    },
-    "language": {
-      "type": "go",
-      "version": "1.21.4"
-    },
-    "sdk": {
-      "type": "cosmos",
-      "repo": "https://github.com/osmosis-labs/cosmos-sdk",
-      "version": "v0.47.5",
-      "tag": "v0.47.5-v25-osmo-1"
-    },
-    "ibc": {
-      "type": "go",
-      "version": "v7.4.0",
-      "ics_enabled": [
-        "ics20-1"
-      ]
-    },
-    "cosmwasm": {
-      "version": "v0.45.0",
-      "repo": "https://github.com/osmosis-labs/wasmd",
-      "tag": "v0.45.0-osmo",
-      "enabled": true
-    }
+    "recommended_version": "v25.0.0"
   },
   "images": [
     {
@@ -209,6 +172,11 @@ A sample `chain.json` includes the following information.
 }
 ```
 
+### Guidelines for Properties
+
+#### Bech32 Prefix
+Although it is not a requirement that bech32 prefixes be unique, it is highly recommended for each chain to have its bech32 prefix registered at the Satoshi Labs Registry (see [SLIP-0173 : Registered human-readable parts for BIP-0173](https://github.com/satoshilabs/slips/blob/master/slip-0173.md)), or consider picking an uncliamed prefix if the chosen prefix has already be registered to another project.
+
 # Assetlists
 
 Asset Lists are inspired by the [Token Lists](https://tokenlists.org/) project on Ethereum which helps discoverability of ERC20 tokens by providing a mapping between erc20 contract addresses and their associated metadata.
@@ -427,7 +395,7 @@ An example ibc metadata file contains the following structure:
     }
   ]
 }
-
+```
 ---
 
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