![]() The project is a framework for building custom-tailored independent blockchains that are interoperable with all other Cosmos-powered blockchains. In contrast, the Cosmos network employs a “layer zero” (L0) model. Accordingly, decentralized app (dapp) efforts like DeFi and NFT projects build and run directly on this L1 infrastructure, which is also an increasingly popular foundation for external “layer two” (L2) scaling solutions that make Ethereum-based transactions very inexpensive and rapid. The Ethereum L1 is a distinct blockchain that services its own security, transaction execution, and data availability needs. The project uses the Inter-Blockchain Communication Protocol (IBC) to allow these blockchains to readily pass tokens and data among each other. Instead, Cosmos functions as a decentralized network of interoperable and independent blockchains. Goal: Learn how to start exploring CosmosĬosmos is not a singular chain like Ethereum mainnet, nor is it like other popular alternative “layer 1” (L1) blockchains like Binance or Solana.This Bankless tactic will demonstrate how beginners can get started with the Cosmos ecosystem today. The first and most popular of these chains is Cosmos Hub, which now has dozens of projects building on and around it. The Cosmos network isn’t a blockchain per se, though it’s a technology capable of powering many blockchains. On Thursday, Ben will take a look at the hottest projects on Cosmos. Today, William gives us an overview of the Cosmos ecosystem and how to get started. This week we’re diving into one of those appchain networks. Though I believe Modular Chains like Ethereum that maximize decentralization and are backed by strong monetary assets will capture the bulk of bankless activity over the long-run, I also think there’s a role to play for networks of sidechains and interlinked but independent appchains. Cosmos was one of the few non-Ethereum chains in 2018 that had a strong ethos, solid builders, and a real community. I’ll tell you the story sometime on why I stopped, but suffice it to say I was an early supporter of the Cosmos ecosystem. This might surprise people but I actually ran one of the first validators on the initial Cosmos testnets. I’m a huge advocate of Ethereum and Bitcoin…but no, I’m not an Ethereum maxi.
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