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– TIMESTAMPS –
2:02 What’s Cosmos?
8:57 Why Cosmos Isn’t An ETH Killer
10:43 Cosmos use-cases
12:53 How Cosmos extends DeFi?
15:38 The worth of ATOM tokens
20:35 Closing ideas
⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Comos web site:
► Aragon sensible contracts damaged by ETH replace:
► What’s Cosmos:
► Cosmos-based DeFi undertaking launches with BNB collateral:
► Cosmos founding staff broke up:
📺 Really helpful Movies 📺
► Why NFTs may supercharge DeFi 👉
► Band protocol overview 👉
► Kava DeFi token overview 👉
📝 What’s Cosmos? 📝
In a nutshell, Cosmos is a customizable, scalable, and inter-operable ecosystem of related blockchains. This decentralized ecosystem of impartial blockchains scales and connects to one another.
Even cooler, Cosmos can hook up with blockchains like Ethereum and Bitcoin. That is what makes it interoperable and why Cosmos has been dubbed the web of blockchains.
Its tech stack is made up of two completely different gamers.
► The primary packages up the networking and census layers of the blockchain right into a generic engine.
► The appliance layer supplies a SDK to empower folks to create their very own blockchains.
❓ What Issues Does Cosmos Remedy ❓
► Scalability: Ethereum suffers from excessive gasoline charges proper now. That’s as a result of Ethereum solely with the ability to course of round 15 transactions per second in its present kind. Cosmos’ Tendermint BFT consensus mechanism can course of 1000’s of transactions per second.
► Sovereignty: Sovereignty buildings on different initiatives could be limiting. Solely Ethereum apps must abide by governance guidelines and that signifies that it’s exhausting to get new options added to the Ethereum digital machine. That’s doubtlessly a little bit of an issue for app builders. Cosmos solves all that by permitting builders to simply launch their very own blockchains with their very own governance guidelines.
► Interoperability: Worth within the crypto ecosystem is fractured into completely different blockchains. That limits the scope of worth creation. Take into consideration how a lot larger DeFi might be if it wasn’t restricted to Ethereum. Cosmos solves this inter-operability drawback through the modular Cosmos Hub. This permits for the transaction of various belongings to completely different blockchains by Cosmos’ IBC
Watch the video to study extra about IBC and why it might be a recreation changer.
💀 Why Cosmos Isn’t An Ethereum Killer 💀
Cosmos believes that almost all app builders will in the end find yourself wanting their very own blockchain. In distinction, the likes of Neo, Ethereum and Eos make builders construct on high of their very own chain.
It looks as if the chaps at Comos are onto one thing, as seen by the Binance DEX selecting Cosmos. Tasks like Aragon additionally migrated over from Ethereum when an replace broke tons of of their sensible contracts.
In brief, the broader world of ‘Ethereum killers’ purpose to be like Ethereum however higher. Cosmos is completely different in that it supplies the choice for each undertaking to have its personal distinctive blockchain.
🤝 Cosmos Use Instances 🤝
Watch the video to study extra about that!
💸 Making Waves In DeFi 💸
Oracles or information value feeds are fairly rattling vital in relation to DeFi. That’s the reason initiatives like Chainlink have been exploding this 12 months.
Band protocol mainly supplies a cross-chain oracle platform and that interoperability has been made attainable through the use of the Cosmos SDK.
That signifies that because of Cosmos, Band Protocol can assist deliver all that DeFi goodness to different blockchains.
💰 How Does ATOM Token Get Worth? 💰
Watch my vid to listen to my ideas on this one!
📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any explicit end result.
#cosmos #atom #defi #blockchain #crypto #tendermint
Source: Coin Bureau