Cosmos 2022 Outlook: Compatible with Ethereum, DeFi and NFT ecosystems

Another year has passed and the new construction of the Cosmos ecosystem has exploded. However, starting IBC and completing the Cosmos White Paper isn't the end of the story. We are just starting this wonderful journey. So many happy plans have arrived and a lot of improvement works for 2022 have already been planned.

1. Cosmos Hub will continue to improve.

In 2022, the Cosmos Hub will release several new features, with major upgrades scheduled at least quarterly.

Inter-chain security (inter-chain security)

Interchain Security is now developed by Interchain Foundation and Informal Systems. With this shared security service, Cosmos Chain has gained in security, allowing the new chain to become more self-sufficient, and consumers and agents can be rewarded for their services. Additionally, Interchain Security allows users and agents to receive rewards on multiple chains of multiple tokens by placing ATOM on the hub. The new channel will benefit from a more secure security system and will provide tokens to members of the first Cosmos community. At the same time, Cosmos Hub entrepreneurs have access to new businesses to take advantage of ATOM.

Interchain accounts (interchain accounts)

Interchain accounts will enter the Cosmos Hub, and the Theta upgrade is expected to be completed by Q1 2022. Cross-chain transactions have major implications for the Cosmos ecosystem, one of the potentials to bring Cosmos through. DeFi to the next level. . This is because Interchain accounts allow green chains to securely manage funds from other green chains, not just transfer tokens from one chain to another.

Now think about Ethereum. Robust financial instruments can perform unauthorized transactions by smart contracts, the whole management of the whole business process. In the Cosmos ecosystem, since every smart contract or application is an integral part of the blockchain, smart contracts do not have access to each other.

IBCs allow you to move tokens across networks, but cannot be compromised on other chains like in Ethereum smart contracts. Interchain accounts replace all of that by providing smart contracts, combinations and interactions necessary for DeFi to be profitable on app blockchains!

Interchain accounts also make it easier for developers to connect to IBCs. This is because the new channel will be able to take advantage of the features and capabilities of existing funds without having to recreate those features from scratch.

kua staking

Led by Zaki Manian, main contributor of Cosmos and founder of Iqulsion, the first version of Liquid Staking will be released in early February 2022 and will be released directly in the Cosmos SDK. The first version of Liquid Staking would allow ATOM holders to transmit trades and immediately convert their ATOM staking into a type of exchange that can be used in liquid pools and other activities. This unlocks more potential in DeFi settings, allowing holders to complete their ATOM while receiving freebies.

In the first version of Liquid Staking, floating tokens were tied to validators that ATOM had given to the administrator. However, this design can be limited and does not have to be ideal. This is the reason why we followed the second edition of Liquid Staking. The group reunited after Lido wrote a petition to make Liquid Staking an integral part of the Cosmos Hub. One of Cosmos' oldest, peer-to-peer validators developed a Liquid Staking solution for ETHereum 2.0, allowing people to use Ethereum while staking. Lido currently owns 90% of all ETH pledged in ETH 2.0 and still runs Terra's popular Liquid Staking using bLUNA.

Since Liquid Staking is difficult to achieve without a smart contract, the Cosmos Hub team will add CosmWasm to the Cosmos Hub and let Lido create the required smart contract for it. Installing CosmWasm for future hubs will allow you to connect to all IBC communication channels and manage the contracting process. From there, Cosmos Hub will become an integral part of Interchain, and based on its benefits and advantages, it will improve usability and become the true port city of the Cosmos ecosystem. Visit this site for more details.

2. IBC will be the “200 channels” ecosystem.

2021 is the year of IBC's entry into the market. The large Cosmos chains were designed to interact with each other. Adoption of IBC is expected to be significant due to Cosmos' strong technology and developer-friendly blockchain framework (including interference from IBC) by 2022. CryptoSlate says.

We will also see the achievements of various groups using IBC to connect the Cosmos to the ecosystem. By 2022, that means secure connections to Bitcoin, Celo, Polkadot, Kusama, Harmony, Hyperledger Besu, Hyperledger Fabric and more. Collecting assets for free from these large blockchains will create a great opportunity for growth and development, ultimately creating a low-cost, high-throughput DeFi stage arena with a wide range of product options.

3. DeFi Cosmos will explode

As more and more IBCs become available, the ability to handle difficult operations across blockchain funds and connect to larger version ecosystems, Cosmos DeFi will experience explosive growth. Emeris will be unveiled to the public in spring 2022 and will offer a wide range of expectations, including advanced features for visual imagery, wealth management and research services. It also maximizes efficiency, integration of DEX aggregation chains, airdrop trackers and browser extensions that work seamlessly with the Emeris website dashboard providing bad soul.

Osmosis will also be releasing a mobile staking version called Superfluid Staking in the coming months. This allows OSMO insurers to simultaneously use their tokens for liability and revenue, and to ensure that contract management is in the best interests of financial aid providers.

Another group that has done well in DeFi and worked hard to bring Ethereum to the cosmos is Evmos, or “EVM-on-Cosmos” (formerly Ethermint). Evmos aims to be the EVM hub of Cosmos to support the export and export of EVM smart contracts in the Cosmos ecosystem. The channel is already part of the race support network and will launch on Cosmos in January 2022. Evmos is an independent application that can interact with the Ethereum mainnet, the EVM over environment and other IBC BFT chains, and function as an EVM hub for other Cosmos EVM Channels.

In addition, Umee in 2022 will be the first DeFi protocol to provide interconnection infrastructure. Umee will raise $ 6.3 million in seed capital by 2021 with backing from Tendermint, Coinbase Ventures, Jo Lubin of ConsenSys and other reputable companies. Umee allows users to create loan requests, generate income, and search DeFi apps without confidence.

4. NFTs will become giants in the Cosmos.

In addition to DeFi's rapid growth, 2021 is also the year of NFT, with human interest in graphics, digital devices, and steadfast evidence of the rise in digital ownership. The popularity of NFTs is expected to continue through 2022 due to public interest in NFTs.

Several projects in the Cosmos ecosystem laid the groundwork for this year's release, including Stargaze, an open contract for NFTs, Pylons, a joint venture that allows brands and developers to deliver NFTs, and BitSong, the first player. of NFT music. . Omniflix, an advertising and networking platform led by NFT, and Secret Network's Stashh, the entire platform and industry that supports Secret NFT. Evmos will also soon take over the distribution and marketing of NFT, making it easy for people to trade and deliver NFTs.

It's worth noting that Clan Strange will launch its first virtual city in adventure games in 2021, including evangelism, socializing, adventure games, and more. Ability to create tokens, gifts and NFT tokens. The game will continue to grow and we look forward to releasing the next exciting version in 2022.

As a long-term assistant of Cosmos, IRISnet also completed the pioneering work in the field of NFT in 2021 and completed the first NFT cross-chain transformation into 4 chains in the environmental and public license chain: the WenChang chain. from BSN, IRITA hub; IRIS Hub (aka IRISnet)) and Ethereum. Currently, two of the best Chinese twins, NFT, are available in the OpenSea EASTIP global marketplace.

We look forward to monitoring the progress of all of these amazing NFT operations over the next few months and will keep you posted as soon as they are completed.

Fifth, more important than the drop

Finally, don't miss the incredible number of airdrops to come in 2022. Some of the most innovative developments in the Cosmos ecosystem, ranging from services such as NFTs to community awareness of DeFi for action if, will come in. in production next year. Watch out for drops from Evmos, Umee, Gravity Bridge, LikeCoin, Game, Stargaze, BitSong, and Cyber ​​Contracts, and you must contract ATOM with the Cosmos validator to qualify.

6. The developers of the community will develop further.

Starport will help meet its goal of 200 IBC connected blockchains by the end of 2022. It is an all-in-one platform for building, running and managing encrypted applications on a managed blockchain. and secured using the Cosmos SDK. Starport provides industry with a proven track record, enabling manufacturers to build blockchains for multiple chains of the future.

The Starport developer community has grown rapidly and to date 422 blockchains have been created and uploaded to GitHub. This year alone, some of Cosmos' most extensive operations have been developed using Starport, including SifChain, Juno, Osmosis, Umee, and Lum Network. In just two months, the Starport Discord team has grown into a strong community of nearly 600 developers. Starport Twitter recently announced that it has reached 5,000 subscribers and approximately 200 developers access Starport data daily for information and updates. This number will grow exponentially in 2022.

We enjoyed a very successful Starport campaign during HackAtom VI and look forward to incorporating these ideas into product development and working with multiple sponsors. Starport will add a number of key new products and features in 2022, enabling manufacturers to achieve the most successful blockchain launches. We will know more about this in the coming months.