The Next Era of Crypto - Cosmos & Evmos
A match made in heaven, Cosmos (ATOM) and Evmos, are paving the way for the next era in blockchain & cryptocurrency tech.
“We must accept finite disappointment, but never lose infinite hope.” ― Martin Luther King, Jr.
Despite the current bear market and global economic climate with Bitcoin (BTC) in an awkward place correlating with other global markets, software evolution is on the rise.
Cosmos, dubbed, “The Internet of Blockchains,” is primed for the next phase of decentralized PoS (Proof of Stake) software integration.
The Cosmos SDK (Software Distribution Kit) is making it possible for anyone to make their own blockchain with customizable modules and built-in governance.
Evmos is “a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum. It’s built using the Cosmos SDK which runs on top of Tendermint Core consensus engine.”
The chains have testnet to mainnet test & launch features, and the added attraction of your project's adoption via the IBC (Inter-Blockchain Communication Protocol) which allows your new blockchain to readily exchange with other pre-established, independent blockchains through a decentralized medium.
Cosmos SDK allows for interoperability, PoS consensus, security features, infinite horizontal scalability, modular capability, and the implementation of Google’s Golang (Go Language) which allows developers to build their blockchain in any programming language - a major advantage.
Evmos implements Web3 and EVM (Ethereum Virtual Machine) compatibility, high throughput using Tendermint Core, extremely fast tx (transaction) finality meaning no confirmation times, and horizontal scalability via the IBC.
Evmos accomplishes these feats by not only utilizing Cosmos SDK and Tendermint Core but uses geth (Go Ethereum) as a library “to promote code reuse and improve maintainability,” while producing a Web3 JSON-RPC API for allowing ease of interaction with Ethereum applications and wallets such as MetaMask.
The result is the seamless deployment of Ethereum smart contracts that can interact and exchange with the Cosmos IBC.
It’s easy to see how Cosmos gained the moniker “The Internet of Blockchains,” and I cannot wait to see what the future brings; I personally hold Cosmos (ATOM) as one of the safest bets for investment in this disaster of a market; though waiting for further dips may be wise!
Outdated PoW (Proof of Work) consensus coins such as Bitcoin (BTC) are obsolete in the wake of these additions, although they can still hard fork to PoS like Ethereum has attempted for the better half of a decade.
The opportunity for developers to join the Cosmos universe is now, and in the spirit of interoperability - nothing is off-limits in the cross-chain universe. This was an introduction to the subject, you can expect more content on the subject in the future.
While these software innovations are amazing, I heed caution as anyone can make a blockchain and a currency using these open-source tools, and some choose to go in the way of scamming people. Only invest in projects with complete transparency!
As always, comments & suggestions are highly encouraged.
Stay smart & Stay safe.
-Thomas Wolf
Pronouns: He/Him/His
DISCLAIMER
I am not a certified financial, tax, or legal advisor, analyst, or planner. The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes. I am not responsible for any losses or damages incurred due to misinterpreting my personal opinions for professional advice.
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