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If you’re new to #Cosmos (like me), you might be surprised about the intensity of the public debate. Since it is quite useful to understand the current dispute between important ecosystem actors, here's a neutral account of some prior events 🧵
Let's start from the beginning, as it was told by @buchmanster told @Cryptocito : when the two met, @jaekwon had already started researching proof-of-work consensus algorithms in the classical literature. That was before Ethereum.
Jae was the first to work on a byzantine-fault tolerant algorithm in the blockchain space. In 2014, Ethan & Jae created a company called Tendermint, who later organised the a public token sale for $ATOM, raising 17 million in 2017.
#Prop69 is getting everyone talking about CosmWasm so I thought it would be useful to explain what it is (while careful ignoring the hot debate around its implementation in the Cosmos Hub) 🧵
Unlike virtual-machine blockchains (like Ethereum) where everything is programmed as a set of smart contracts, the Cosmos SDK is a framework for application-specific blockchains 
The framework is designed to build blockchains out of composable modules. Anyone can create a module, and integrating already-built modules is straightforward
