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Cosmos (ATOM): Start of a BIG BANG for DeFi?? โš›๏ธ



๐Ÿ”ฅ TOP Crypto TIPS In My Publication ๐Ÿ‘‰
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๐Ÿ“ฒ Coin Bureau Insider Channel ๐Ÿ‘‰
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– TIMESTAMPS –
0:00 Intro
2:02 What’s Cosmos?
8:57 Why Cosmos Isnโ€™t An ETH Killer
10:43 Cosmos use-cases
12:53 How Cosmos extends DeFi?
15:38 The worth of ATOM tokens
19:47 Challenges
20:35 Closing ideas

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โ›“๏ธ ๐Ÿ”— Helpful Hyperlinks ๐Ÿ”— โ›“๏ธ

โ–บ Comos web site:
โ–บ Aragon sensible contracts damaged by ETH replace:
โ–บ What’s Cosmos:
โ–บ DefiPulse:
โ–บ Cosmos-based DeFi undertaking launches with BNB collateral:
โ–บ Cosmos founding staff broke up:

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๐Ÿ“บ Really helpful Movies ๐Ÿ“บ

โ–บ Why NFTs may supercharge DeFi ๐Ÿ‘‰
โ–บ Band protocol overview ๐Ÿ‘‰
โ–บ Kava DeFi token overview ๐Ÿ‘‰

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๐Ÿ“ What’s Cosmos? ๐Ÿ“

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.

โ–บ The primary packages up the networking and census layers of the blockchain right into a generic engine.
โ–บ The appliance layer supplies a SDK to empower folks to create their very own blockchains.

โ“ What Issues Does Cosmos Remedy โ“

โ–บ Scalability: Ethereum suffers from excessive gasoline charges proper now. Thatโ€™s as a result of Ethereum solely with the ability to course of round 15 transactions per second in its present kind. Cosmosโ€™ Tendermint BFT consensus mechanism can course of 1000’s of transactions per second.
โ–บ Sovereignty: Sovereignty buildings on different initiatives could be limiting. Solely Ethereum apps must abide by governance guidelines and that signifies that itโ€™s exhausting to get new options added to the Ethereum digital machine. Thatโ€™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.
โ–บ 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 wasnโ€™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 Cosmosโ€™ IBC

Watch the video to study extra about IBC and why it might be a recreation changer.

๐Ÿ’€ Why Cosmos Isnโ€™t An Ethereum Killer ๐Ÿ’€

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 โ€˜Ethereum killersโ€™ 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.

๐Ÿค Cosmos Use Instances ๐Ÿค

Watch the video to study extra about that!

๐Ÿ’ธ Making Waves In DeFi ๐Ÿ’ธ

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.

๐Ÿ’ฐ How Does ATOM Token Get Worth? ๐Ÿ’ฐ

Watch my vid to listen to my ideas on this one!

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

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

23 Responses

  1. ๐ŸŽถ๐Ÿ’œโœŒ๏ธ๐Ÿ‘๏ธ๐Ÿ˜˜๐Ÿ‘๏ธ๐Ÿ‘Œ๐Ÿ’œ๐ŸŽถ
    Would really appreciate a video on your thoughts on true generation 3 crypto ๐Ÿ’œ as well as the possibilities of a true world wide web or internet of blockchains, such as government infrastructure, exchange ๐Ÿ’ฑ services, healthcare, identity tokens, transparent voting///—… โš™๏ธ ๐Ÿ’ ๐Ÿฅฐ
    Thank you for your work โš–
    ๐ŸŽถ ๐Ÿ’œ ๐ŸคŸ ๐Ÿ‘๏ธ ๐Ÿ˜˜ ๐Ÿ‘๏ธ ๐Ÿ‘Œ ๐Ÿ’œ ๐ŸŽถ

  2. I came to this video after investing a few quid into Cosmos.
    Whilst reading up about it I completely missed the fact inter chain exchange fees do NOT have to be paid in ATOM, which is really sad but I guess it's to avoid the one coin rules them all scenario.
    After watching this i'm guessing the controlling vote for cosmos will end up in the hands of all the major exchanges because most speculators will probably stake via the exchanges for a small but better APY then the banks are offering, so i question if the governance model will work either. The exchanges will be using someone else's coin that they have private keys to in order to increase their own voting power
    I guess its time to run whilst the sun is shining in the cosmos, or do you think their is more to governance that the ATOM can be useful for. I agree the economics of ATOM is very confusing, and now i'm wondering if it can have any value.

  3. My friend, this is really helpful. I think Cosmos has immense potential. Not "big money buy" potential, but "yeah, I'd put a couple hundred on that" potential. Thanks for the thoughtful analysis and detailed exegesis on their white paper's talking points.

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