Thread by @ThyBorg_

Interchain security will be the most significant #Cosmos upgrade since IBC last year ; once it's implemented & sufficiently publicised, every new crypto project with ambition will at least consider starting their Cosmos chain. The why & the how 🧵

Cosmos is already the world leader in interoperable smart-contract blockchain, and has been since 2016.

The Tendermint consensus & the Cosmos SDK power close to 30 sovereign, scalable & configurable chains connected through IBC

https://twitter.com/ThyBorg_/status/1516121107555917832

Up until now, chains had to form their own validator set & create a staking token to secure the network, meaning only a small subset of a teams with the time & technical expertise could use the Cosmos stack

Think #Terra, #Osmosis, #SecretNetwork, #Juno etc.

But interchain security is essentially bringing "plug & play" chains to Cosmos ; these consumer chains use ("consume") the security of the Hub, which is itself secured by the market cap of $ATOM

The consumer chains will be instantaneously interoperable with all other IBC chains, and get access to over $70 bn in TVL.

Not just tokens transfers, but complete interchain composability

https://twitter.com/ThyBorg_/status/1520010042472210433

Consider the fact that IBC is not restricted to Cosmos chains but available for any blockchain ready to implement the IBC light clients

Several of them already working on that, including teams in the Near & Polkadot ecosystems

https://twitter.com/ThyBorg_/status/1519647642589941761

You essentially get a combo of scalability, security & interoperability that should put Cosmos at the top of the list for every competent crypto CEO looking for the best environment to launch a new project

That hasn't been lost on some of Cosmos's most exciting upcoming projects, including

@quicksilverzone a liquid staking solution w/ very interesting decentralisation & governance features

@PolymerDAO a modular networking protocol that enables non-IBC chains to interact over IBC

@quicksilverzone @PolymerDAO However, interchain security should attract teams far beyond the existing Cosmos community

It gives projects like @astroport_fi, @mars_protocol, @Levana_protocol or any other DeFi app an easy way to follow @TeamKujira lead & plan for a scalable future

https://twitter.com/ThyBorg_/status/1525122250495496193

@quicksilverzone @PolymerDAO @astroport_fi @mars_protocol @Levana_protocol @TeamKujira Cosmos chains will now come in 3 different flavours:
1. The independent chains (Osmosis, Juno etc.)
2. The custom consumer chain (Quicksilver & Polymer)
3. The contract consumer chain (Astroport? Otherside? Uniswap?)

@quicksilverzone @PolymerDAO @astroport_fi @mars_protocol @Levana_protocol @TeamKujira That awesome table from @informalinc clearly shows the benefits derived from using a Cosmos chain versus building on top of a smart-contract platform like Ethereum

@quicksilverzone @PolymerDAO @astroport_fi @mars_protocol @Levana_protocol @TeamKujira @informalinc Interchain security will likely have significant implications on many ecosystem actors & ideas: a lot of more $ATOM utility, increased validator hardware requirements, higher importance of delegators picks etc. so I intend on covering all these aspects separately

@quicksilverzone @PolymerDAO @astroport_fi @mars_protocol @Levana_protocol @TeamKujira @informalinc For now, a big thank you to @JTremback & @jelenaaa____ for the info they shared with me.

Also hats off to @buchman and the rest of the @informalinc team for coming up with such a compelling plan to bring a whole new set of projects to Cosmos

@quicksilverzone @PolymerDAO @astroport_fi @mars_protocol @Levana_protocol @TeamKujira @informalinc @JTremback @jelenaaa____ @Buchman That kind of upgrade is why I'm excited about Cosmos & covering that ecosystem through educative & digestible threads on governance, airdrops, tokens, teams & projects, so you may consider retweeting & giving me a follow @ThyBorg_✌️