The crypto market is mostly a battlefield of projects seeking to outdo others. But Cosmos has a different approach. Rather than focusing on competition, Cosmos (ATOM) focuses on community.
It doesn’t focus on winning, coming out as the best blockchain, or even getting noticed. Let’s review about Cosmos blockchain first.
What does Cosmos Bring to the Crypto industry?
Cosmos aims to improve the entire blockchain industry through a variety of distinctive protocols that unite the sector. So, we can call Cosmos a network of blockchain networks. It simply wants to help different blockchain platforms communicate easily. Also, Cosmos can turn market friction into a constructive driving force for progress by enabling any blockchain to interact, share data, and transact with any other.
1/ Gateway, the @wormholecrypto chain is built using the Cosmos SDK!
By leveraging the SDK, Gateway unlocks concrete improvements in sovereignty, transparency and security.
Let’s dive into some of the competitive advantages that Gateway obtained by building with Cosmos SDK 👇 pic.twitter.com/Futu0ZvqE5
— Cosmos SDK (@cosmos_sdk) August 8, 2023
Cosmos operates beyond being a bridge for blockchain services. It provides a wide range of products and services that distinguish it from competing platforms on the market.
Interestingly, despite Comos’s unique technology and use cases, it appears to have been relegated to the background. Not many people consider ATOM a worthy investment. However, Twitter user Emperor Osmo shared a few reasons everyone should consider adding ATOM to their portfolios.
Osmo points out that Cosmos has undergone recent developments that position it as a project to watch out for in the upcoming bull run. Here are some reasons to hold ATOM:
1) Native liquidity
If you’ve been in DeFi for a while, you’d know how important this is. It creates a seamless flow of activities on a network. Recently, $USDT was extended to Kava Chain. The movement strengthens Tether’s dominance as a leading stablecoin provider and also introduces new native liquidity on Cosmos.
We are excited to announce that Noble is bringing native #USDC to the @Cosmos and boundless Inter-Blockchain Communication (IBC) ecosystem in partnership with @Circle! ✨ https://t.co/wLTDW3YNSz
— Noble (@noble_xyz) March 28, 2023
In addition, different native chains plan to introduce more native liquidity to Cosmos. Chains like Agoric, whose goal is to scale their algorithmic stablecoin $IST. So, native liquidity on Cosmos is pretty guaranteed.
2) Increased Interoperability
IBC plans to extend its influence beyond the Cosmos ecosystem. It plans to branch into ecosystems like Polkadot, Near, and Avalanche. This increased interoperability will profit both regular users and builders. It will improve communication and the development of applications.
If you haven't noticed, Stride is all-in on the Cosmos 😎
• Stride supports 9 Cosmos blockchains
• Adopted interchain security from @CosmosHub
• Main stATOM liquidity pool on @OsmosisZone
• Stride community pool holds @Badkidsart NTFsCosmos or bust!
— Stride 🦸 (@stride_zone) August 1, 2023
Furthermore, this could result in increased liquidity flow between ecosystems.
3) Security
Appchains can secure and control their blockspace. So, by leveraging the different economic zones, Cosmos can provide new or prominent chains with security in an economically friendly way. There are lots of security initiatives currently deployed and in development on Cosmos. Some include:
- Babylon Chain: It seeks to bring $BTC security to POS chains.
- Cosmos and Interchain Security.
- Osmosis Zone.
These solutions will make Comos more effective, secure, cost-friendly, and scalable.
🔥The #Cosmos public chain is a highly scalable and secure Cosmos SDK blockchain that connects #Kava via the IBC protocol to more than 35 chains and more than $60 billion of the Cosmos ecosystem.💫#KavaHub @KAVA_CHAIN $KAVA pic.twitter.com/nZ2ldIbpRN
— A.merkury 👑 (@merveavlarB) August 2, 2023
4) Toknenomics upgrade
Cosmos tokens have experienced a significant shift in recent times. The focus has shifted from high APR returns to real yield. For instance, Osmosis Zone recently implemented a change to its $OSMO token.
Osmos is often seen as the liquidity hub of Cosmos. However, the network recently initiated some proposals to address inflation and underperforming liquidity pools, among other problems.
Osmosis is evolving and so is the $OSMO token! ⚗🧪
Get ready for the latest tokenomics update.
Here's everything you need to know. 🧵👇 pic.twitter.com/z2KHWkVpoK
— Emperor Osmo🧪 (@Flowslikeosmo) April 1, 2023
Similarly, $ATOM, the largest Cosmos token by market cap, recently proposed some initiatives to push the value back to holders and stakers. Some of the considered areas include
- Reducing inflation.
- Protocol-owned liquidity.
- Improving ICS value.
- Expanding Subdaos.
- Growing the Community Pool.
Hey Rangers, the moment has arrived! 🚀
We are thrilled to announce that our community monitoring platform @RangeSecurity will be going live tomorrow, Friday, July 14th 🗓️
Starting with @osmosiszone and @cosmoshub, and many other chains coming soon! 🪐 pic.twitter.com/6Yb6P7ekUw
— Range (@RangeSecurity) July 13, 2023
5) Interchain business development
Most blockchain ecosystems do not have business development efforts. If they do, they are fragmented at best, with isolated attempts to increase market share. However, different partnerships support the growth and expansion of the Cosmos ecosystem. So this makes it a valuable project to invest in.
If you think Cosmos is dead, you're clearly not paying attention.
Liquidity will come. Applications are being built for the long term, and users will come as a result.
Cosmos simply offers features that are not possible for dApps on Ethereum.
— Emperor Osmo🧪 (@Flowslikeosmo) July 30, 2023
Here are other reasons to consider investing in Comos:
- Increased Composability
- The launch of new applications on Cosmos.
Most of these applications have long-term value in sight. So, the Comos ecosystem will be pretty busy in the coming months.
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
