Cosmos is a collaborative platform that supports interoperability between Tendermint teams, and is an ecosystem of applications and services that exchange assets and information using the Inter-Blockchain.Communication (IBC) protocol ).

Cosmos is called "Internet of Blockchains" and is also considered Blockchain version 3.0. It aims to address blockchain interoperability and scalability issues. The inter-blockchain communication protocol recognizes the interconnection of blockchains to support transfer of ownership. It is designed to solve blockchain interoperability and scalability issues and to optimize blockchain transitions. In a way, blockchain makes the internet.

This report deals with the Cosmos ecology of macro cross-chain technology, translates the free text of Cosmos and its business models, then proceeds to a particular analysis by a collaborative approach on the development of the Cosmos group, the challenge of major projects and walks. in ecology. Ecology of the cosmos.

1. Cross-chain technology research in general

The interconnection of blockchains limits the demand for blockchains, and cross-chain technology is considered an important tool to understand the interconnection of thousands of chains and is a bridge for the expansion and combination of blockchains .

With the development of the blockchain industry, many public industries continue to emerge, but due to the use of technology, ecology and some other issues, the chain may often not be connected and intertwined, resulting in fragmentation of user data, assets and applications, creating the "island effect". ". To solve this problem, the industry has been actively exploring cross-chain technology.

1.1 History and Development of Cross-Chain Technology in Blockchain Industry

Cross-chain is a tool that enables values ​​on different chains with different values, converting the original values ​​stored on a single blockchain to values ​​on other chains, thus completing the value cycle. It's just as important as the exchange rate, it doesn't change the price, it's just the exchange rate.

Since the early days of the industry, for a long time blockchain technology has followed the development of a chain. At the time, it was commonly believed that blockchain performance and technology changes could be done on a single chain, but once the chain members weren't present, they voluntarily agreed on the direction. of the development of the project, it had to be remedied. by forced bending or reconstruction of the chain

In 2012, Ripple Labs announced the Inter Ledger protocol to solve the problem of integrating different blockchain systems, and in 2013, Herlihy planned an atomic change switch into a cool, hash lock-like benchmark that became the main cross chain type. .

Many new developments such as Litecoin, BitShares, and Ethereum follow, leading to frustration in the development of the Bitcoin Core group. So, in October 2014, BlockStream first announced the idea of ​​single sign-on.

In 2017, cross-chain projects Polkadot and Cosmos devised a plan to create a cross-chain starter platform that would allow all blockchain applications to be compatible, and this project is still under development.

Daim duab 1-1 Blockchain cross-chain technology development diagram

After the development of blockchain technology, cross-chain technology generally includes three types: notarization mechanism, side chain or relay chain, and hash lock.

Cross-chain technology can support the significant development of the existing blockchain ecosystem, but cross-chain technology is still in the early stages of research, and security has not yet been developed. There are still many problems to solve. The development of cross-chain technology is closely related to the application of cross-chain technology. As applications became more widely used and profitable in the blockchain industry, the demand for cross-chains was not limited to the industry.

2. Advantages and disadvantages of Cosmos cross-chain technology

Advantages :

1. Technological Innovation: Chain Creation - Tendermint

Cosmos is designing solutions to solve the existing problems between Bitcoin and Ethereum.

Bitcoin: The code base is very monolithic. The three layers are mixed: network, consensus and application. And the bitcoin scripting language is restricted and not user-friendly.

Ethereum: Turn the application layer into an Ethereum Virtual Machine (EVM). The virtual machine can manage smart contracts that any developer can send to the open-source Ethereum blockchain to create business applications (dApps). However, it is not easy for blockchain development itself, and it also suffers from limited capacity, less easy authorization for asset developers, and restricts an application's freedom.

According to Cosmos introduced Tendermint, a solution that bundles the network and network layer blockchain as the general purpose, so that developers can focus on improving the application. Please use complicated procedures instead and start simple.

Tendermint offers public or private blockchain and POS publication, while having a final. As long as more than 1/3 of the people were blonde (Byzantine), no forks were created. Users can ensure that transactions are carried out with high security immediately after the creation of the blockchain (which cannot prove the functionality of blockchains such as Bitcoin and Ethereum).

Cosmos is not limited to the Tendermint chain. In fact, everything on the blockchain can be connected to the Cosmos. This is thanks to Cosmos, which uses two types of scalability: vertical scalability and horizontal scalability.

Cosmos will provide the best vertical scalability at launch, one of the biggest improvements in blockchain solutions themselves. Then, after the IBC module is completed, the output solution is applied.

2. Safety innovation:

The Cosmos SDK simplifies the process of developing first-class security blockchain applications from Tendermint BFT. It is based on two principles: modularity and feature-based security.

Another benefit of the Cosmos SDK is its scalability, which makes it easy and convenient for developers to port an existing blockchain codebase into Golang on top.

Fault:

1. Can rising stars be recognized by the market and build ecosystem inclusivity and inclusivity?

As for the whole ecosystem, the number of cosmos ecology projects has exceeded 260. There are more than 510 Polkadot ecology projects in the same way. Both Financial, Infrastructure, NFT, Wallets, Securities, Dapps, etc. Polkadot is more popular in terms of applications, number of participants and potential for renovations. In this regard, the Cosmos is a bit lackluster, which is one of the reasons it hasn't been a frontrunner on the road since its release in 2017, and its popularity has slowly returned. It is both time-consuming and difficult. How to manage business and gain more recognition and recognition from customers is an important part of the Cosmos experience. Late ecological improvement.

2. Skills are harder.Cosmos is committed to the development of advanced technologies and created the CosmosSDK foundation to reduce the complexity for manufacturers to develop blockchain applications. It creates an internet blockchain with other chains around Cosmos Hub. The whole work process is generally new, and the key development team has no previous industry experience and doesn't have many active reps. In the first stage of construction, it is necessary to invest a lot of manpower and equipment, and in the next stage, interaction with other chains requires completing the application. The difficulty is not small, and the time limit takes a long time to complete. Back then, only time could answer all of this if it could still quickly hold its place in the business and change forever.

3. Can change and security go hand in hand?, Cosmos focuses on how to reduce the complexity of asset switching and pay for efficiency. However, the current inter-chain structure is close to the standard structure and more efficient. The substring is only needed to guarantee a certain number of atoms. This means that if you want to connect to CosmosHub, the process is simpler, faster and cheaper. It also means they are more relevant on different levels. Security is low, but the level of change is higher.

3. Cosmos ecosystem development status

As of January 5, 2022, there are 8 top 300 positions by investment capital in the Cosmos ecosystem, among the top 100 positions are Terra ($LUNA), Crypto.com ($CRO) and Terra USD ($UST) .) .., Cosmos ($ATOM) and Secret ($SCRT). There are 4 of the top 20 cap industry design chains using the Cosmos SDK (Binance Chain, Terra, Cosmos Hub, and Crypto.com Chain). The Cosmos ecosystem has over 260 projects, second only to the Ethereum ecosystem.

Figure 1-2 Low-Cost Enterprises of Cosmos Green Projects

Although the performance of the Cosmos ecosystem in 2021 is calm, many people believe that the Cosmos will be better in 2022 due to the recent discussions between ETHereum and modular blockchains and their popularity of the Cosmos. The ecosystem was developed from scratch with the key concepts of decentralization and modularity in mind. Some believe that the Cosmos ecosystem will probably be part of the ETH ecosystem in the future rather than the ETH ecosystem. Evmos, which Cosmos plans, will allow users to trade assets at two different levels (EVM and Cosmos), and will also bring traffic to the Cosmos ecosystem.

2021 is the year when IBC (Inter-Blockchain Communication) enters the market, and the main chain Cosmos will establish a successful interconnection market. By 2022, IBC adoption will be a reality, thanks to Cosmos' strong technology team and developer-friendly blockchain framework like Starport with IBC's built-in interoperability.

Take a look at the top blockchain platforms right now, mostly developers like Ethereum, Cosmos, and Polkadot. rules of each application.

Currently, Ethereum has the largest ecosystem of us, but the bottlenecks and restrictions have already been estimated. The development of the next green and green industry will be more and more inclined to cosmos and peas. However, the relationship between the three major green platforms should be fairer than the competition, and the design and goals of the platform should be explored and developed to achieve the vision of bigger and better Web 3.0.

4. White Cosmos Translation

The Cosmos White Book generally describes its structure, management of communication, advertising and inspiration, and ecological use of the Cosmos.

Figure 1-3 Introduction to White Cosmos

2.1 Standards

2.1.1. Soft Mint BFT

Cosmos is an independent blockchain network, all powered by the classic BFT (Byzantine Fault Tolerance) recognition algorithm. The first blockchain in the network will be the Cosmos Hub, connected to the other communication protocol blockchains. Tokens can be moved safely and quickly from one area to another without any regional exchange.

2.1.2 Communication inter-blockchain (IBC)

Blockchains are created by a process called Inter-Blockchain Communication Protocol (IBC). IBC benefits from the immediate implementation of the Tendermint agreement (can be used with a "fast deterministic" blockchain engine).

How the IBC Works

The reason behind IBC is very simple. For example, account A would send 10 tokens (let's call this atom) to channel B.

2.1.2.1.Follow-up

Chain B gets the head of chain A and repeats it, allowing each chain to follow the other chains' validators. By default, each channel runs one user light and the other.

2.1.2.2 Connections

Once the IBC exchange begins, ATOM is locked into Chain A.

Figure 2-1 IBC transmission scheme

2.1.2.3 Proof

Then 10 ATOM IDs are transferred from channel A to channel B.

Figure 2-2 Proof-of-binding diagram

2.1.2.4 Validation

The certificate is identified on chain B against the head of chain A, and if so, 10 ATOM certificates are generated on chain B.

Figure 2-3 Transmission verification chart

Since ATOM is only available in channel A, ATOM created in channel B is not a real ATOM. They are representative of the ATOMs in chain A and are proof that the ATOMs are in chain A.

A similar technology is used to activate the ATOMs when the ATOMs return to their original chain. For a more detailed description of the IBC protocol, see these instructions.

2.2 Network management

2.2.1 Validators

Nodes with voting power are called "priests". Users can participate in network management and post crypto names or vote to create blocks.

2.2.2 Thin client

A light bitcoin user needs to synchronously generate a chain of block headers and search headers with the best proof of work. Tendermint light user is simpler and easier as it determines what gets updated by checking the pre-contract ⅔ of the actual block as long as it matches commit group changes.

2.3 Application

2.3.1 Decentralized exchange

Just as bitcoin is safer than a listing, a company running on a blockchain called an exchange protects it from insiders and outsiders.

The cryptocurrency exchange community is industry-based "Atomic Cross Chain" (AXC). AXC marketing allows two users from two different channels to create two exchanges of two listings, contracted together or uncontracted.

For example, two users can exchange Bitcoin for Ether using AXC trading, even if Bitcoin and Ether are not connected to each other. The advantage of running a trade on AXC Trading is that users do not need to trust or trade comparisons. The downside is that both parties need to be online for the transaction to take place.

Given these circumstances, Cosmos' main application is Cosmos DEX, with Tendermint, Cosmos Hub and IBC enabling traders to move money quickly and off exchanges.

2.3.2 Extension Ethereum

The scaling solution is an open question for Ethereum. Since Tendermint can break blocks faster than Ethereum running IDs, Tendermint's endorsement and EVM recovery areas running on Ether connectivity can provide better performance for the Ethereum blockchain.

2.3.3 Multi-application integration

The Cosmos domain runs business intelligence applications that can be defined early in life and modified by time management. This exchange allows the Cosmos region to act as a bridge for other cryptocurrencies, such as Ethereum or Bitcoin, allowing blockchains to use the same code base but with different validators and start exporting.

3. Analysis of the Cosmos business model

3.1 Atom Token

$ATOM is a management token of the Cosmos Hub (Cosmos Center), a multi-party distribution company, with startups of $200 million, total shipments of $226 million, and total traded value of 7,949,573 $541. . (According to 2022-01-08)

3.2 Token Distribution Mechanism

The initial distribution of Atom tokens and validators will be 75% Cosmos crowdsale sponsor, 5% precast sponsors, 10% Cosmos companies, and 10% cross-chain foundation. From the Genesis block, 1/3 of the total amount of Atoms is distributed annually as gifts to legal staff and agents. The starting price for ICOs (Boot Environment, Strategy Environment, and Public Sales) is $0.1, with 25% and 15% discounts for consultants and investors, respectively.

Figure 3-1 ATOM token distribution mechanism

Figure 3-2 ATOM token distribution mechanism

3.3 Mechanism of Token Tso

The model received by $ATOME is discounted from 7% to 22%, with a special price based on the current price of Atom Stakings. If the stake is more than 1/3 of the total amount of Atom, the release rate is 7%, and if it is less than 1/3, the release rate is 20%~22%.

Figure 3-3 ATOM Token Payout Rates

3.4 Alarm Clock

By staking $ATOM by staking, you can get rewards for new $ATOM tokens and certain exchange rates.

Stake $ATOM to vote on a decision on the governance of the Cosmos Hub. (It takes 21 days to delete)

Buy through centralized/decentralized exchanges.

3.5 Ecological standards

Costs change in the cosmos ecosystem

$ATOM staking increases the security of the Cosmos Hub.

Involve node authentication or delegate $ATOM to another user

Participate in community management

commercial sales

development of the cosmos

The development company of Cosmos is Tendermint, the first major development team to support Tendermint protocol approval and Cosmos Hub.

Key members include:

Provided by Interchain Foundation Key:

Figure 4-1 Ecological Chart by Cosmos Developers

4.2 Finances

Cosmos was created in 2016 by Jae Kwon and Ethan Buchman and raised over $17 million for ATOM in its ICO. The Interchain Foundation has made a number of private investments and the public fundraising campaign ended on 04-06 2017. The Foundation divides the beneficiaries of these ATOMs into 4 special blocks: Private Contributors, Public Contributors, All in Bits Inc (AiB) and the Interchain Foundation (ICF).

Investment house:

Figure 4-3 Graph of investment institution Cosmos

4.3 Project progress

The development of the Cosmos is as follows.

Table 4-4 Cosmos development methods

Analysis of Cosmos' ecological core business

There are over 260 Cosmos ecology projects, with a total market value of over $70 billion, ranking second in the blockchain industry after the Ethereum ecosystem. Going forward, it is believed that further use of the IBC protocol (the result of the blockchain version of the internet) as well as changes in the business model of the $ATOM token will result in benefits for scavenging.

The main components of Cosmos are the Tendermint trust mechanism, the Cosmos SDK, and the cross-chain IBC protocol. As long as the project receives one of our products mentioned above, it can be classified as a Cosmos ecological project. Currently, the prosperity and use of the Cosmos ecosystem is second only to the Ethereum ecosystem.

The total operating cost of Cosmos Ecological Management is $155.65 billion.

5.1.DeFi, Oracle, basic chain

5.1.1.Band Protocol (BAND)

Band Protocol is a cosmos-based cross-chain oracle that provides real-time data and APIs for the blockchain smart contract.

Group business can use any of a company's data, but always use Oracle should be our company's. When calling this trust data, the band works well with public key chains and can use the symbol of the public chain, for example, ETH can be used as the call rate for trust information. Other oracles can use what I use. Oracle. It is not easy to use machine tokens for call charges.

This shows that the group is a design that truly cares about developers and meets the needs of the entire blockchain ecosystem for off-chain data.

$Band currently has a net worth of $220 million, or $5.42/BAND. The number of ads is 41 million, the total number of ads is 100 million, and it is listed on exchanges such as Gate.io, Crypto.com, OKEX, and Gate.io. (According to 2022-01-08)

5.1.2.coffee (round)

Kava is the first DEFI platform to build on the Cosmos cross-chain, with over-the-counter payments on products like MakerDAO and a local cross-platform called Hard Protocol. Kava focuses on loans and the integration of joint ventures.

Kava is built using the Cosmos SDK and works similar to MakerDAO. Users deposit collateral in a smart security contract. In return, the user receives a fixed USDX amount based on the value of the collateral. The risk is to keep your CDP ratio. Otherwise, the property can be removed and sold. Assets can be redeemed at any time when USDX is redeemed with a fixed amount. It is also a payment for the inconvenience of the asset. USDX is withdrawn immediately after redemption, unless Kava saves a small portion for emergencies.

$KAVA has a current market capitalization of $670 million and is valued at $4.58 per unit. The share is 140 million, the total number of posts is 150 million, and it is listed on exchanges such as Gate.io, Crypto.com, OKEX, and MEXC. (According to 2022-01-08)

5.2.accord

5.2.1.Osmosis (OSMO)

Osmosis is generated by default throughout the chain. The built-in IBC lets you connect to the entire Cosmos Chain ecosystem and over $20 billion in assets. Following the Cosmos legacy integration, Osmosis will use traditional methods to integrate chains that do not support IBC, including Ethereum-based ERC20, Bitcoin-like chains and other smart language platforms plant-based. Received $21 million, led by Paradigm, in October 2021. This is Paradigm's first investment in an AMM-based DEX project outside of the Ethereum ecosystem.

Characteristics:

Cross-chain assets (native cross-chain), custom curves, costs and more, LP management, liquidity incentive services.

5.2.2.Thief Chain (ROWAN)

Sifchain is an interconnected (all-chain) exchange resulting from the THORchain all-chain exchange. In August 2021, he received $3.5 million in seed funding from organizations such as Alameda Research. The token is $ROWAN, with a total revenue of around $1 billion and a current market value of around $68 million. (According to 2022-01-08)

After Terra was linked to IBC, the Sif chain now provides support for LUNA and UST assets and additional mining on trading partners LUNA-ROWAN and LUNA-UST.

5.2.3. you will be

In September 2021, Emeris announced Testnet, a platform for Tendermint-integrated crypto applications. What Emeris aims to accomplish is to provide access to a wide range of fair share applications across different blockchains through an easy to use interface. Currently, Emeris has not yet announced any tokens, and although the parties have not yet released detailed financial information, a beta version of Emeris has been announced.

5.3.stablecoins

5.3.1.Terra USD (UST)

Terra is designed to be a cross-chain stability coin to create financial markets for next-gen dapps. Terra now has tens of thousands of active users and hundreds of millions in revenue. The Terra blockchain consists of two types of tokens: Luna and Terra. Luna is the historical symbol of the Terra blockchain and users can win prizes throughout the tournament. Terra, on the other hand, is a family of coins permanently pegged to fiat for use through payment apps.

5.3.2.Electronic money (NGM)

E-money creators have stepped up their work for continued profit, arguing that cash cannot keep up with recent advances in the digitalization of financial services. The e-Money project is designed to solve cash flow problems in digital and financial banks. E-money is designed to provide users with easy, fast and seamless access to create instant transactions.

5.4.Infrastructure

5.4.1 ib.Akashi (UA)

Akash Network is a live weather app built for DeFi, the world's first real-time weather app. Akash DeCloud is a faster, better, and cheaper solution designed for DeFi, business planning, and business growth, delivering unprecedented scalability, flexibility, and value/performance. At 90% lower cost, our serverless metering platform is compatible with all cloud providers and all applications running in the cloud.

Characteristics:

(1) Serverless, simplify code deployment and dynamically deploy managed resources.

(2) interoperable multi-cloud, multi-chain and multi-token shared control aircraft;

(3) security and privacy, criminality, hardship and control;

(4) Physical servers provided by hybrid cloud, cloud services and organizations with residual capacity.

decentralized cloud computing focused on DeFi;

$AKT currently has a retail value of $290 million and is valued at $2.35/OSMO. The number of ads is 120 million and the total number of ads is 170 million, and it is listed on exchanges such as Gate.io and BitMax. (According to 2022-01-08)

5.4.2 ib.Irisnet (iris)

IRISNET is the first cross-chain entity in the Cosmos ecosystem, supporting cross-chain services and supporting the development of integrated business processes to facilitate the sharing, development and empowerment of applications using instant services . integrated platform. Weather service, public channels or some kind of joint operation can be provided to the world of the cosmos in service, so that everyone can call this service through the channel.

The founder of IRIS is Harriet Cao, director of Cosmos China. The average establishment time in the area is about 6.5 seconds, the number of NFTs set up is about 87,867, and the number of keynets is about 115.

5.5.Tcologie NFT

Cosmos completed the pioneering work in the field of NFT in 2021 and completed the first cross-chain transfer of traditional Chinese NFT culture and art by BSN "Wenchan Chain IRITA OPB" for Ethereum. Today, 10 sophisticated Chinese painting digital NFTs entered the global market via OpenSea EASTIP and completed the auction.

Stargaze, open NFT protocol; Pylons, a joint venture that enables brands and manufacturers to create NFT products; NFT: Omniflix, Omniflix's decentralized media and network layer, developed by Secret Network, which supports Secret NFT. Stashh, the whole platform and the industry. Moreover, Evmos will soon support NFT shipping and create a store where people can easily spend and deliver NFT.

competition analysis

6.1 Ecosystem competition

Then

Polkadot (Polkadot) is a scalable heterogeneous multi-chain system. This means that unlike previous blockchain applications which focused on multiple tiers of application resources, Polkadot itself was not designed to provide specialized applications.

At the same time, Polkadot provides the relay chain concept and the well-known parachain concept. Parachain can contain a wide range of data and worldwide based on dynamic database. In other words, Polkadot, like the cosmos, belongs to an ecological chain composed of many sub-chains, parallel chains, etc.

6.2 Comparison

Figure 6-1 Comparison with the Polkadot ecosystem

Industry Comparison:

Table 6-2 Cosmos and Polka Dot Basic Data Comparison

ecology app

From the perspective of the whole ecosystem, the number of Comos green projects exceeds 260 and the number of Polkadot green projects exceeds 510, including financials, infrastructure, NFTs, wallet, stability coins, Dapps, etc. Polkadot is more popular in terms of applications, number of participants and potential for renovations. However, with the emergence of Terra, one of the ecological uses of Cosmos, interest in the Cosmos public channel has increased, and as of January 8, 2022, Terra's commercial investment is currently at level 11, outpacing the global market. Polkadot Ecosystem This way the Cosmos ecosystem is warmer.

Figure 6-3 Development trend of ETH, Polkadot, Cosmos and Solana ecological protocols

In terms of all development protocols, Ethereum, Sol, Cosmos, and Polkadot are all good. In 2021, the pea has increased. In this regard, Polkadot outperformed Cosmos in Q1 2021 and matched Solana in Q3 2021. The increase in performance of the Polkadot protocol appears to have occurred during the pre-launch period Parachain was launched in November 2021. In the same time, the Cosmos seems to hold a constant long-term growth rate.

Figure 6-4 ETH, Polkadot, Cosmos and Solana Ecosystems Protocol Enhancement

Developers active in the community for each of the four policies continue. Ethereum's monthly developers are close to 250, while Cosmos, Polkadot, and Solana are also around 50. However, Polkadot, Cosmos, and Solana can all benefit from multi-monthly developers recently. This corresponds to the current migration of capital and skills from Web 2 to Web 3.

Level of development

To reduce the complexity for manufacturers building blockchain applications, Cosmos has developed the CosmosSDK framework, which simplifies the process of building best-in-class security applications for users and allows developers to create applications or blockchains without knowing any of the interactions. Consensus code, but use the SDK directly to package it in a modular way.

Polkadot also has its own substrate technology in this regard and has more innovation and vision in WASM, more consistent algorithms and out-of-the-box modularity compared to CosmosSDK.

Architecture details

Cosmos Hub uses the Tendermint approval algorithm (inspired by the Operation Byzantine Fault Tolerance algorithm) developed by Jae Kwon in 2014. This means that once the blocking is over, the process cannot be reversed. This means faster payments and IoT can be done as long as the transaction is complete. Since no proof is required, this is called "quick finalization".

The Polkadot Agreement consists of two sections: GRANDPA and BABE. GRANDPA is the ultimate GHOST lending platform (like Casper of Ethereum). BABE is an Ouroboros block generation mechanism similar to Cardano. The introduction of the former allows the localization of the chain to be "completed" and irreversible, decoupling finalizers from generated blocks, allowing fewer block finalizers to be created. Different Processes of PBFT This means that the blockchain process is scalable, unlike the Cosmos Tendermint algorithm based on PBFT.

Security Layer / Flexibility Layer

The Cosmos adoptee only needs to commit to an Atom (Cosmos parent chain token) connected to CosmosHub. It's easier, faster and cheaper. But at the same time, the security used by the child chain is not the same as that of the Cosmos, which makes it more susceptible to several levels of attack. Security is low, but the level of change is higher.

Polkadot app access to Parachain requires participation in game cards with longer life and higher costs. However, the benefit is that while Polkadot app developers don't have to secure themselves, the backbone security framework is more secure but unchanged.

cross chain layer

Cosmos is focused on how to reduce the complexity of asset transformation, but now the cross-chain like design framework of Cosmos and other blockchains can add applications where enough is needed. focus on Cosmos SDK and BFT approval algorithm. The model that enables Ida is the best and is still working hard to improve in lightnode mode.

The Polkadot communication system is easier to solve in the security sharing model and focuses on unlimited data transfer. Now, other methods of communication, even the public channel or the joint channel, are limited and appropriate. Since the interconnection of chains is not a single link, but the interconnection and transmission of tens of millions of chains, the cross-chain and technological output of Polkadot in the end will create a composite link created by several chains of blocks to complete this process. .

Globally

Cosmos is similar to the HTTP protocol and is the glue of many chains.

Polkadot looks like a Rubik's Cube kaleidoscope that can be extended to multiple strings.

The Cosmos mainnet has been online for a long time and the app ecosystem is more developed, while Polkadot is still somewhat unusable. Moreover, like the differences between the cosmos chain and the polkadots, for developers, unauthorized registration is preferable to blockchain decentralization spirits, and each generally has its pros and cons.

Summary and opportunities

In 2017, when I was crazy about ICOs and POWs, someone suddenly asked me if I was worried about COSMOS cross chain, and almost everyone, and ATOM said he won money thanks to blockchain 3.0. Bitcoin and Ethereum have come into the limelight, and all the public chains that say they will replace Ethereum have been completely captured. The vision that seemed good at the time is put to the test in 2021. The public chain ecosystem is booming, and the two cross-chain heroes are slowly unveiling their status, the era of blockchain internet come.

The ecological and technical team of COSMOS has grown and strengthened. After several years of development and stability, it has grown from a small project and is now almost identical to the Ethereum system. The Terra public chain developed by COSMOS also entered the top 10 in the crypto industry, winning for technology and vision. As the expansion of Ethereum has been slow, the Ethereum 2.0 and Layer-2 system are far from being developed. The entire public channel blockchain is growing and evolving, creating star public channel projects worth hundreds of millions of dollars. Biance Smart Chain, Solana, Terra, Cardano, Ze, etc. also provide COSMOS with the blockchain vision. He gave me time. Make it happen. The Internet.

There are more and more projects based on COSMOS technology, and investors who pay for early investments will want to create more stars and channels through new channels. Until you experience the IBC project in Cosmos, you won't be able to use the bridge, so let's see if COSMOS will become the standard for Web3.0 in the future.