With a market cap of 59B across 74 chains, The Interchain is growing fast with titans like @dYdX moving from Starkware to Cosmos to build “the best product possible"
Should you build on Cosmos, anon? Let’s dig in!
But first, what is Cosmos?
Cosmos isn’t a blockchain but a framework for creating hyper-specialized blockchains (app-chains) tailored to user needs
Every app-chain is instantly compatible, solving major interoperability issues.
BSC+Osmosis+Terra are built using the Cosmos SDK
The Cosmos SDK makes creating your own chain as easy as deploying a smart contract
App-chains have many benefits:
• independent fee market (no gas fee wars)
• incentive alignment between tokenholders and validators
• pay gas fees in native coin, creating buy pressure
• IBC
Crypto in India grew 641% July ‘20 - June ‘21, far outpacing growth elsewhere
Let’s talk about 5 of the biggest and most interesting web3 companies from India, a thread 🧵
But first, why India?
If Balaji’s massive bullishness wasn’t enough to convince you, consider:
- Growing pop. of 1.4B
- Hockey-stick growth in # of internet users and tech cos
- Indians’ hunger, rising to the top of companies like Google/Microsoft/IBM
Polygon started off as a PoS Ethereum sidechain. They scaled Ethereum to over 7k TPS (a 450x increase!) and brought gas costs down to fractions of a cent.