Thread by @DaveCosmonaut

1) Why the #CosmosEcosystem? A run-through...🧵

$ATOM powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way.

2) $JUNO is a Layer 1 platform built on top of Cosmos. It is a sovereign public blockchain in the Cosmos ecosystem, which provides an environment for deploying interoperable smart contracts. To make a long story short, It's heaven for building decentralized applications.

3) $OSMO Osmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade #IBC enabled tokens. The Osmosis blockchain is made up of free, public, and open-source software.

4) $SCRT is a privacy blockchain. Its smart contracts are called Secret Contracts and allow DApps to use private data on Secret, similar to how smart contracts operate on other blockchains. Secret Contracts transfer encrypted inputs into encrypted outputs without exposing data.

5) $XPRT is the native token of the Persistence Network that sits at the absolute center of the ecosystem deriving significant value as the ecosystem grows. The Persistence ecosystem is building an ecosystem of financial products which expands and evolves rapidly.

6) $PSTAKE is a liquid staking solution that unlocks the true potential of PoS tokens by unlocking liquidity of staked assets. With the pSTAKE app, you can stake your PoS assets while earning #DeFi yields. Currently supports $ATOM & $XPRT. $ETH & $SOL are coming soon.

7) $CMDX is a decentralized synthetic assets protocol built on Cosmos. The mission is to create an ecosystem of interoperable solutions to access financial products and services in the commodities space. The current value of the commodity space is approximately 37 T dollars.

8) $AKT is an on-chain decentralized marketplace for leasing computing resources. The Akash platform is an off-chain deployment platform used to host & manage workloads and is set of cloud management services that leverage Kubernetes to run workloads.

9) $STARS is a protocol that re-imagines the social network from a purely crypto-native context. The social graph is based on social token ownership. Content, including profile avatars, are #NFTs. The curation and moderation are done by DAO's.

10) $INJ is an ETH-compatible front-running resistant, completely decentralized cross-chain protocol. It's not limited to existing ETH users, but is also intended to help connect users from various blockchain networks together in a single crypto community.

11) $BCNA aims to become the global digital ancillary platform for the cannabis industry. The team's focus lies in building an application that will serve both businesses and consumers within the industry, using blockchain as the infrastructure to build this application on.

12) $DVPN is a network of independent decentralized VPN applications. Sentinel enables end-to-end encryption between users and the servers they're accessing with open source transparency. As our privacy is at daily risk, Sentinel is our solution.

13) $FET aims to introduce artificial intelligence (AI) to the crypto economy. Its main selling points are its autonomous economic agents, powered by AI, that automate #DeFi finance functions. A #DeFi machine learning platform for apps such as asset trading, economy work, etc.

14) $REGEN is a public blockchain designed to ensure utility for ecological data and climate markets. We, humans, did a pretty good job in destroying the earth. Luckily we still have Regen Network that works on a better future. Regen: Where crypto, carbon, and climate meet.

15) $IRIS enables cross-chain interoperability while providing modules to support distributed business systems. IRISnet is a service infrastructure and protocol built using the Cosmos SDK and tendermint consensus layer.

16) $BLZ is data storage, file storage, oracles, etc. It's specific for NFTs & DeFi. Bluzelle's core products are all related to data and powered by its tendermint blockchain. It's a decentralized database for software developers to store information.

17) $XKI the bridge is built through an ecosystem of real-life businesses, creating value and pouring it back into the KI ecosystem through the XKI token. The KI chain is the backbone of value sharing within the KI ecosystem.

18) $EVMOS is a scalable, fast, ETH compatible PoS blockchain built in the cosmos ecosystem. EVMOS enables #DeFi interoperability between ETH-based apps and the Cosmos ecosystem.

19) $HUAHUA the first memecoin on Cosmos. It has its own blockchain and is interoperable with more than thirty chains. Recently they entered the metaverse as well. Holding these puppies gives you massive staking & LP rewards. Pretty useless, right?

20) What connects all these different blockchains? That's right, through inter-blockchain communication, also known as #IBC. The IBC is all about networks and connecting them. The vision of @cosmos is to build bridges between blockchains and allow these blockchains...

21) to communicate and trade freely. The #CosmosEcosystem provides the much-needed tools to overcome many limitations that blockchains struggle with today. Such as scaling and achieving mass adoption. #IBC is the backbone of #Cosmos, which handles the transport across...

22) different sovereign blockchains. This end-to-end, connection-oriented protocol provides reliable, ordered, and authenticated communication between blockchains. Not to forget that its transactions are close to zero fees.
How to use #IBC?
- Install the @keplrwallet extension

23) - In the IBC transfer section, click on transfer
- Once you select the [chain] field, click on new IBC transfer channel
- You can now add a new IBC channel to your Keplr wallet extension

Never leave your tokens on a centralized exchange! You probably heard this before...

24) not your keys, not your tokens. This is the truth, and I can't stress it enough. Also, by leaving your #Cosmos assets on a CEX, you won't be eligible for #Airdrops. If you don't care about safety, do it for the free tokens through airdrops.

Closing thoughts:

25) @cosmos is flooded by outstanding tech and value. I hope this thread encourages people to look into this constantly evolving ecosystem and that this thread will reach many people & raise a lot of awareness for the #CosmosEcosystem. 💜

We are @cosmos ⚛ #IBCGang