Unlike most (if not all) other L1s, #Cosmos doesn't have a core team ; yet over the last year, the ecosystem managed to ship ground-breaking tech after ground-breaking tech at a stunning pace. This is what decentralised software development looks like in the Cosmos 🧵
@interchain_io is a minimalistic (less than 10 persons total) Swiss foundation whose primary role is to provide funding to the Core contributors
The Foundation holds the trademark for "Cosmos", "Interchain" and a couple of terms
A basic report is already available below & I've volunteered to help make all the ICF grants details more readily available in the future datastudio.google.com/s/hImoDRPsNqw
This is round 5 of weekly Cosmos alpha: the news, rumours & upcoming events that have the potential to move the price of specific Cosmos coins in the short to medium term, and for which forward-looking investors might want to prepare in advance 🧵
Keep in mind that all of the information in this thread is pure speculation and definitely not financial advice
For an explanation of my general investment framework, check out
Three major considerations for successful crypto trading:
- assessment of the protocol
- assessment of the token
- timing of the purchase
A thorough explanation on my investment framework, applied to Cosmos tokens 🧵
The purpose of this thread is to explain the methodology I use to rank Cosmos protocols & tokens in the following document datastudio.google.com/s/r3dNrJ6GmmI
Let's get the timing out-of-the-way first: in the context of investing, it means the decision of when to purchase or sell a particular asset
That decision must factor in the macro-economic situation, the roadmap, the upcoming milestones etc.
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
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
Based on the public info, the current #Terra scorecards look something like this: 1. TFL, up close to a billion 2. LFG, up 87 millions 3. VCs, it depends 4. Retail & others, down billions
A quick review 👇
Note that this is only being discussed & assessed in the court of public opinions, so take it w/ a grain of salt.
Also TFL & LFG could easily use their stack to compensate users or grow Terra v2, so I'm personally reserving judgment until after they formalise their plans
$LUNA had several funding rounds from well-known VC firms like Delphi Digital, Hashed, Arrington Capital etc. in 2018 & 2019. The total was around $50M and the tokens sold under $0.8
Yesterday @DeanTribble & @zmanian introduced $IST at the @Gateway_Conf in Prague. Difficult to imagine a better timing to present an over-collateralised IBC-native stable 🌕 here's my summary of the mechanics of the Inter protocol 🧵
@DeanTribble@zmanian@Gateway_Conf $IST is the latest Cosmos stable to position itself in the starting blocks for the $UST replacement race & you can check out the others here (the list is missing $SILK on @SecretNetwork & $USDX on the @kava_platform & I'll cover both separately)
@DeanTribble@zmanian@Gateway_Conf@SecretNetwork@kava_platform Inter is a protocol on @agoric, a highly-anticipated IBC-enabled chain built on top of Tendermint. Agoric clearly deserves its own thread but the core value proposition is to let developers write smart-contract in JavaScript, the most dominant scripting language of the internet
If #Juno becomes the new home of the #Terra dApps, it's likely that some Terra's validators will look to join the active set & #LUNAtics will need to figure out where to delegate ; so I thought it'd be interesting to look at the revenue of the validators on #Juno 🧵
(If you're not sure why Juno is a compelling host candidate for the Terra projects, this thread on CosmWasm might be interesting)