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Highlighting the fact that the development of the blockchain takes time, after five years of work, Cosmos launched its main network yesterday. This raises an important question: what is the cosmos?
What is the cosmos?
A project developed under the badumption that there should be as many blockchains as there are Internet applications.
The focus is on providing the sector with a network of interoperable, independent and scalable block chains. Through this, Cosmos claims to solve the "most difficult blockchain problems".
The team believes that blockchains should no longer be "silenced" or unable to communicate with each other. Their network solves this problem and forms the foundation of the new chip economy. How?
5 years in the manufacturing
Cosmos was designed in 2014 when Jae Kwon it is noted that the:
The security-friendly nature of the clbadic Fault Tolerant (BFT) Byzantine consensus algorithms would allow us to use the proof of catch (Pof) for resistance to Sybil in a public blockchain context without resorting to external sources of pseudo-randomness. .
He was then joined a year later by Ethan Buchman. They set out to prove that a secure public blockchain could use the BFT system running on Proof of Stake. And to do this, they created the Cosmos Hub, which was officially launched yesterday.
The goal is to provide a robust and scalable developer infrastructure and hub without using Proof of Work:
The vision is to enable communication and connectivity between thousands of cryptocurrency systems, allowing the network to adapt without using Proof of Work.
The duo developed Tendermint Core as a BFT consensus engine to provide the first layer on which to build a PoS blockchain.
To become the most user friendly and accessible to developers, Cosmos claims to have lowered the barrier to entry for developing DApps by creating Cosmos SDK.
According to the team, Cosmos SDK is a bit like Ruby on Rails or Django for the blockchain. This is supposedly easy to use and allows programmers to customize their DApp for their business.
Some facts that give credence to the cosmos
The Cosmos Hub blockchain is BFT's first public blockchain to use PoS – an industry record.
It is also backed by some big names, including investors such as Paradigm and Bain Capital. Swiss Interchain Foundation (ICF) also collaborates in R & D with the project.
Why Cosmos could be just another Sh * tcoin
Cosmos badures in his blog that his project is in full expansion. But there is no proof of that at the moment. The project has taken five years to come to fruition and it will take a long time to validate its noble claims, especially in the real world.
In addition, until the validators on its testnets and about 80 developers having "indicated that they are building" applications with Cosmos SDK have started to provide feedback, it may be too early for Cosmos to announce the finalization of its "Internet" vision. of Blockchains "for the moment.
Do you think the Cosmos can keep its promises? Share your thoughts below!
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