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 Outdated PoW (Proof of Work) consensus coins such as Bitcoin (BTC) are obsolete in the wake of these additions, although they can still hard fork to PoS like Ethereum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. **Follow Me:** Publish - Noise.cash - LeoFinance - Steemit - Hive https://www.publish0x.com/wickedthewolf/ https://noise.cash/u/ThomasWolf https://leofinance.io/@thomaswolf https://steemit.com/@thomaswolf https://hive.blog/@thomaswolf Cointiply - The World's Best Crypto Earning Site Honeygain - Passive earner that pays instantly in JMPT via BSC, or BTC FireFaucet - An earning site that pays better for some than Cointiply Pipeflare - Faucet that pays in ZCash and MATIC, Games pay in DAI ADBTC - Easy PTC for Satoshi’s, Works in Mozilla Firefox Upland – Metaverse Monopoly GlobalHive - ZCash (ZEC) Faucet FaucetCrypto - A popular site that pays out small amounts instantly Womplay - Mobile dApp Gaming Platform that Rewards in EOS & NFTs TipNano - Mobile NANO (XNO) Faucet App with Paid Ads & Surveys CakeDeFi – A lending, staking, LP & freezer site with excellent APY % http://cointiply.com/r/5wlYx https://r.honeygain.money/WICKE4AD94 https://firefaucet.win/ref/wickedthewolf https://pipeflare.io/r/3nfu https://r.adbtc.top/1480591 https://r.upland.me/wkXU https://globalhive.io/r/168190 https://www.faucetcrypto.com/ref/346153 https://womplay.io/?ref=9F6W3AB https://play.google.com/store/apps/details?id=com.bdf.tipnano&referrer=8UXVLP https://pool.cakedefi.com/#?ref=421620 I highly recommend KuCoin Exchange! https://www.kucoin.com/ucenter/signup?rcode=rJUT6BA Sources: **https://docs.evmos.org/about/intro/overview.html** **https://docs.evmos.org/developers/json-rpc/server.html** **https://evmos.org/** **https://cosmos.network/** **https://v1.cosmos.network/sdk**
9 comments
Cool stuff 😎 This was one of the crypto I always watched but never got
Highly recommend you get in at what you perceive to be the bottom of the crash. It was up 10% this morning while most everything else was red. It has a lot of support due to its ecosystem and developers are becoming aware of the SDK, Golang, and all the benefits it can reap. I plan to go into more detail on the dev aspects for beginners as well as the benefits such as really low fees, instant finality = no confirmation times, 1-click migration for dApps on the ETH chain, and more. However, this is dependent on who builds the chain with the software.
good advice but I am out of capital!
You're far from the only one. Lol It's sick isn't it - how the best time to buy is typically when you can't afford anything.
I used last hidden stash for some $APE $HBAR and $CAKE
Cake is a good one for BSC IMO. I'm still waiting for one more hard dip... edgy market, though.
Got it at $3 if I remember well
Damn! Too hard to digest. Lol. :)
I figure that is why this article isn't performing well, and I intentionally kept it short. I anticipated this would happen, and have warned others about this type of content - there are a lot of moving parts. I'll focus more on the benefits in the future.