All about #Cosmos: the empire of #blockchains .
Mega bull case 🐂
Massive airdrops, grand vision, holy shit this ecosystem is nuts don't sleep on it
A thread 👇🧵(1/21)
$ATOM #CosmosEcosystem #COSMONAUTS
Mega bull case 🐂
Massive airdrops, grand vision, holy shit this ecosystem is nuts don't sleep on it
A thread 👇🧵(1/21)
$ATOM #CosmosEcosystem #COSMONAUTS
1. #Cosmos is layer 0. It itself is not a blockchain.
It’s a framework for building independent and sovereign blockchains, called zones, that exchange information permissionlessly.
It’s a framework for building independent and sovereign blockchains, called zones, that exchange information permissionlessly.
2. Instead of having every independent blockchain build itself from scratch ( which is crazy inefficient), Cosmos provides a template known as #Comos SDK.
Cosmos SDK makes deploying a zone as easy as launching a smart contract (HUGE).
Cosmos SDK makes deploying a zone as easy as launching a smart contract (HUGE).
3. Cosmos allows for practical interoperability without having a shared layer of security like #ETH
The security layer in ETH is uniform, every app has the same level of security
However, in #Cosmos, each zone must choose its own level of security for its purpose
The security layer in ETH is uniform, every app has the same level of security
However, in #Cosmos, each zone must choose its own level of security for its purpose
4. #Cosmos has this protocol called Inter Blockchain Communication (IBC), which is a protocol that allows different blockchains to talk to each other.
5. Most Blockchains can be likened to closed off countries that cannot communicate with each other. However, this goes against the ethos of web3 and is not sustainable
#COSMONAUTS
#COSMONAUTS
6. Nations can only prosper if there is communication between them. As @Crypto_Clarke puts it "Country A might be a massive producer of food while Country B is a manufacturer. The two countries must devise ways of communicating and exchanging value if they both want to prosper."
7. IBC bridges this gap and allows for a huge amount of possibilities. Through IBC, #NFTs, tokens and data can be transferred
8. Cosmos utilizes a Tendermint, a Byzantine Fault tolerant (BFT) mechanism for consensus. Even if 1/3 of nodes fail, it still works. It’s pretty secure
9. $Atom is the native token for the #Cosmos Hub. It’s used for transaction fees, staking and governance.
$Atom has a market cap of $8.3B and it the 20th largest cryptocurrency. $Atom holders get airdrops. Some have been massive. Huge incentive to hold atom.
$Atom has a market cap of $8.3B and it the 20th largest cryptocurrency. $Atom holders get airdrops. Some have been massive. Huge incentive to hold atom.
10. The more I look into Cosmos, the more excited I’ve been getting.
The project is visionary. It stands true to the ethos of decentralization and interoperability. There is no lab or leader that decides on core features. Hundreds of teams are contributing to the ecosystem.
The project is visionary. It stands true to the ethos of decentralization and interoperability. There is no lab or leader that decides on core features. Hundreds of teams are contributing to the ecosystem.
12. It promotes self sovereignty while existing and interacting with the larger ecosystem.
Each project is connected to a massive, ever expanding ecosystem. They can all communicate through IBC and interact with each other. This will allow them to flourish.
Each project is connected to a massive, ever expanding ecosystem. They can all communicate through IBC and interact with each other. This will allow them to flourish.
13. #Terra, #BSC and #thorchain are built into this ecosystem. As more chains join the network effects will kick in, driving exponential growth.
The team is composed of giga brains who have a long term vision that they are laser focused on.
The team is composed of giga brains who have a long term vision that they are laser focused on.
14. #Cosmos is maturing and growing. $Atom has some weaknesses, but these can be fixed.
Cosmos is focused on building a product and ecosystem that has utility and is what the users want. Then, they will monetize. This is a startup 101 model and it works.
Cosmos is focused on building a product and ecosystem that has utility and is what the users want. Then, they will monetize. This is a startup 101 model and it works.
15. The #Comos model has many benefits. It’s scalable. It’s optimized for the developer experience. It’s communicative.
Cosmos is an empire of chains. #Terra #LUNA and #Binance smart chain are built on Cosmos. Once hundreds of chains join, this ecosystem will explode.
Cosmos is an empire of chains. #Terra #LUNA and #Binance smart chain are built on Cosmos. Once hundreds of chains join, this ecosystem will explode.
16. Additionally, another huge reason to be bullish is that there are many airdrops coming for $Atom and other token stakers.
$250 invested in $JUNO in Dec could’ve been worth $45k+ two months later. As the ecosystem grows, there will be so many opportunities.
$OSMO $SCRT
$250 invested in $JUNO in Dec could’ve been worth $45k+ two months later. As the ecosystem grows, there will be so many opportunities.
$OSMO $SCRT
20. Here are accounts you want to follow for #Cosmos and $Atom insights:
@Route2FI @cryptolikemo @WilsonWithiam @defislate @_charlienoyes @danrobinson @youssef_amrani @etoeth @Crypto_Clarke
@sandraaleow
Spent a lot of time writing this, a like and RT would mean a lot!
@Route2FI @cryptolikemo @WilsonWithiam @defislate @_charlienoyes @danrobinson @youssef_amrani @etoeth @Crypto_Clarke
@sandraaleow
Spent a lot of time writing this, a like and RT would mean a lot!
21. More accounts you want to follow for #Cosmos and $Atom insights:
@paradigm @Momentum_6 @Darrenlautf
@willdphan @davey_0602 @catdotfish @masonnystrom @HighCoinviction @TheTIEIO
@Cosmos_Tic
Spent a lot of time writing this, a like and RT would mean a lot!
@paradigm @Momentum_6 @Darrenlautf
@willdphan @davey_0602 @catdotfish @masonnystrom @HighCoinviction @TheTIEIO
@Cosmos_Tic
Spent a lot of time writing this, a like and RT would mean a lot!
22. Thanks for reading my #Cosmos thread. I write 101s and dumbed down threads on all things crypto. Follow to keep up!
Here are threads I wrote on other chains (#AVAX, #Terra, #Fantom, #Polygon)
Here are threads I wrote on other chains (#AVAX, #Terra, #Fantom, #Polygon)
https://twitter.com/Cov_duk/status/1500714387417436168
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