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Mar 11 16 tweets 13 min read
EVMOS 101: The bridge between #Cosmos and #ETH

Here's your everything guide to #Evmos, the scalable, fast, Ethereum-compatible PoS blockchain built in the Cosmos ecosystem

A thread 🧵👇
2. Let’s review a few things. We love #ETH. It’s decentralized, secure and has a massive community. But it sucks at scaling

We love #Cosmos. It’s scale. Its decentralized. But secure can be a prob sometimes.

Read my comos thread here:
3. The future is multi chain. It’s the the most optimized, resource efficient way forward.

Enter #Evmos, the bridge between ETH and Cosmos. $EVMOS is a scalable, fast, Ethereum-compatible proof of stake blockchain built in the Cosmos ecosystem
4. #Evmos enables is integrating ETH and ETH Virtual machine (EVM) compatible chains to Cosmos.

This means that chains like #Fantom, #Avalanche and #HarmonyONE ( I wrote 101s on all of these😉) can integrate with #Cosmos.

5. #Comos has this thing called IBC which allows communication and transfer of assets between chains in the ecosystem. Which is big.

EVMOS connects ETH and other EVM chains to the Cosmos ecosystem. Which is even bigger. All EVM compatible, tokens, NFTs and Dapps can be bridged
6. #ETH based Dapps have billions of dollars locked into them. They have the massive ETH community.

Everyone wants these Dapps. However, now, teams can choose the chain that's most suited to their needs and use #Evmos to get the best of both worlds.
7. #Evmos enables Ethereum as a Cosmos SDK application-specific blockchain. This allows teams to choose what they want from Ethereum, Tendermint’s PoS consensus system, allowing for EVM compatibility, high throughput, horizontal scalability via IBC and Fast transaction finality
8. ETH dapps would want to deploy on #Evmos because it gives them PoS consensus, fast transactions, low fees and access to the COSMOS and IBC ecosystem.
9. @AaveAave has already proposed and voted for the implementation of #Evmos, which means that there will be markets for #Cosmos and #Ethereum based assets on $Evmos.
10. $EVMOS is the the native token that is used for governance, staking and rewards.

L2 typically have 3 actors: Devs, Users and block propsers (Miners or validators)
11. Historically, L1s have fallen short of equally giving out value across these actors.

Typically block proposers accumulate the most shares of the network while users and devs are left with less.

#Evmos is taking steps to ensure that all actors get a fair share.
12. At launch, 200M $EVMOS tokens were airdropped.

In the first year, another 300M tokens will be issued, this means that #Evmos is highly inflationary.

Inflation will decrease year by year in an exponential decay schedule.
13. Another really cool feature is #CEVMOS.

CEVMOS is the partnership between @CelestiaOrg
(just wrote a thread on them) and #Evmos

Overall, this is a really cool project that I am excited about. The world is going multi chain.

14. The next big thing are players that provide this multichain infrastructure.

#Celestia and #Evmos both do this in their own ways and both have tremendous potential to change the crypto landscape. Bullish AF 🐂
16. Hope this was insightful, I regularly write web3 101s and breakdowns. Follow to stay updated.

Here are some of my older 101s:

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More from @Cov_duk

Mar 12
Secret Network 101: bringing privacy to crypto

Here's your everything guide to $SCRT, the first blockchain with privacy-preserving smart contracts.

A thread 🧵👇
2. Crypto is a world built upon transparency and openness. However, everyone wants privacy and doesn’t want to share all their info.
3. Even if the address is anonymous, it’s still possible to analyze that transaction and identify people.

There are already reports of govt tracking tools that analyze crypto transactions.
Read 19 tweets
Mar 12
#osmosis 101: The #Cosmos AMM that's been popping

Here's your everything guide to @osmosiszone, the PoS AMM DDEX protocol built on Cosmos.

A thread 🧵👇
2. #osmosis is a PoS chain that is an automated market maker (AMM) decentralized exchange (DEX) protocol built on Cosmos.

Osmosis enables users to provide liquidity, swap and eventually stake #Cosmos blockchain tokens.
3. An AMM is usually a pool of tokens, managed by smart contracts, to enable trading.

The liquidity pools and smart contracts replace the traditional system. People who pool their money, the liquidity providers (LP), earn fees as people trade.

Read 21 tweets
Mar 11
#CRONOS 101: @cryptocom's very own chain

Here's your intro guide to #CRONOS, the fast, low cost, EVM compatible chain that bridging #ETH and #COSMOS

A thread🧵👇
2. Cronos is crypto.com’s chain that interoperates with both ETH and Cosmos.

It aims to act as the bridge these two worlds and enable better allocation of resources. It’s Ethereum Virtual Machine (EVM) compatible and is connected to the #Cosmos ecosystem.
3. #CRONOS aims to massively scale the Web3 user community by providing builders with the ability to instantly port apps and crypto assets from other chains with low cost, high throughput, and fast finality.
Read 18 tweets
Mar 11
#JUNO 101: Enabling cross chain smart contracts

Here's your intro guide to $JUNO, #COMOS' open source platform for interoperable smart contracts

A thread🧵👇
2. Juno is a smart contract blockchain that is part of the #Cosmos ecosystem.

It’s an open source platform of interoperable smart contracts that automatically executes, controls or documents terms of contracts, ensuring that they are valid and usable across multiple networks.
3. The future is def multi chain. Every chain has its limitations. A multi chain futures allows for optimization and specialization.

There are many other in the race to create this multi chain vision.
Read 23 tweets
Mar 11
#Solana 101: the incredibly innovative, lightning fast chain.

Here's your everything guide to #Solana, the a lightning fast, cheap af innovative L1.

A thread🧵👇
1. ETH has many limitations. It’s can only handle a few transactions per second and isn’t scalable.

The blockchain trilemma that blockchains face is that they can choose only 2 out of the 3: decentralization, security and scalability. Image
2. #ETH is great for secure and decentralization. For crypto to get bigger, scalability is key.

This is the next billion dollar question. This is why you see so many chains rushing to solve this.

#Solana is a super fast, cheap, scalable L1.
Read 22 tweets
Mar 11
#Crabada 101: #AVAX's play and earn superstar🦀

Here's your everything guide to #Crabada, the play and earn idle game that's taking over crypto gaming Image
2. #Crabada is a play and earn idle game, where users can mine, loot, breed and battle built on the #AVAX blockchain.

Similar to games like Axie Infinity, Crabada is played with teams of 3 crabs. Crabs are NFTs that the player owns.
3. There are 3 main tokens in #Crabada:

a) $TUS ( Treasure under Sea)

b) $CRA

c) $CRAM (Crab amulet)

Each team requires 3 crabs. Players can earn $TUS by playing the game through mining, looting and lending crabs in the Tavern.
Read 17 tweets

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