Thread by @DaveCosmonaut

1) Follow up on the recent thread where I've written a run-through the #CosmosEcosystem. Let's dive a little bit deeper into the history of @cosmos and where it all started.

This thread also covers @osmosiszone & @EvmosOrg.

$ATOM $OSMO $EVMOS

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2) Blockchain software architect Jae Kwon founded Tendermint in 2014 and created Tendermint Core, a blockchain engine that creates Proof-of-Stake consensus algorithms. Ethan Buchman went on to refine the Tendermint consensus algorithm that now powers #Cosmos.

3) The two Tendermint co-founders published the Cosmos white paper in 2016 under the name: A Network of Distributed Ledgers.
The ICO of the $ATOM token in 2017, was incredibly successful raising 16.8 Million USD.
Tendermint, one of the core contributors building…

4) the #CosmosEcosystem, raised 9 million USD in a funding round in 2019 for the development of the project. The ecosystem has been growing, expanding, and evolving incredibly fast from that moment onwards.

5) Cosmos aims to address some of the issues faced by other blockchains. Such as scalability, usability, fees, and governance by providing the tools for developers to build independent blockchains for a variety of use cases and enabling blockchains in the network to communicate.

6) Cosmos enables independent blockchains to exchange information and tokens with each other permissionlessly. Its vision of being a network of blockchains is achieved through open-source tools such as the Tendermint consensus engine…

7) and a BFT consensus algorithm, Cosmos software development kit (SDK), and the Inter-Blockchain Communication Protocol, like a TCP/IP for blockchains, allows blockchains to connect to each other to exchange data and value.

8) What I'm most excited about and which is (in my opinion) one of the key factors that #Cosmos will thrive is #IBC. IBC was launched in March last year on Cosmos Hub, and there are currently over 40 blockchains built on the Cosmos SDK that joined the #IBCGang.

9) Obviously, the biggest DEX on Cosmos, @osmosiszone is IBC enabled. Osmosis is an Automated Market Maker hub built on the Cosmos SDK mainly for liquidity providers. Osmosis Zone benefits from high liquidity and a wide range of tokens on a single service. #IBC only!

10) It provides this through IBC functionality and has access to any Cosmos SDK network that has adopted IBC. This allows Osmosis to provide staking & liquidity services. On-chain governance ensures that there is minimal disconnect between users and the direction of the network.

11) It's even better to say that Osmosis users have full control of their destinies in the Cosmos ecosystem. How cool is that? I hope you now understand how important it is to vote on governance proposals. We (the community) decide the direction together.

12) Before you can interact with Osmosis, you need a Keplr wallet, which should only be downloaded as a mobile app or as a Chrome extension. To clarify, Keplr has not released a Firefox extension, and if you see one, it is a scam. Also, watch out for fake telegram groups. DYR!

13) You can either set up a new wallet, connect to a Ledger device, or sync with an existing wallet using a mnemonic phrase. Having a Keplr wallet will allow you to connect to the Osmosis Zone and start your journey. @keplrwallet is the godfather of all wallets IMO!

14) Personally, I hold and stake $OSMO since $4 and I will continue to do so. There are several reasons why I think $OSMO is a good investment. As IBC & Cosmos continue to grow, the trading volume on the exchange will grow along, which will increase the value of the token.

15) The total value locked on Osmosis keeps rising and smashing new ATH's. Not to mention all the free tokens due to #airdrops.
Another reason why I'm hella bullish on #Cosmos & $OSMO is the increased attention Cosmos has directed toward EVM compatibility and cross-chain bridges.

16) @EvmosOrg is a current project in development that is working on becoming the first IBC-compatible EVM-based chain, and it is currently supporting ERC-20 tokens on its testnet. Imagine connecting #ETH to #Cosmos. Please pay attention. History is being created right here!

17) Imagine the possibilities if ERC-20 tokens could bridge to Osmosis for example. The price of $OSMO would skyrocket, and with that, the money that flows into the #CosmosEcosystem is beyond imagination!

18) Thank you if you have been reading this thread so far. I really hope this thread helps people & raises awareness for the Cosmos ecosystem.

One last thing. If you follow me, you are probably into #Cosmos & #IBC. So let me be the one to tell you that you are going to make it!

This is the previous thread in case you missed it. 👊

https://twitter.com/DaveCosmonaut/status/1510951621521559557?t=XXJw-y5k5BvE-Va9s_9-Jw&s=19