An Introduction To Cosmos
Competition amongst the various Layer 1s has never been hotter. Ethereum, Solana, Avalanche and others have continued to see their token values appreciate as more applications come online and liquidity deepens within their respective ecosystems. Cosmos, a promising ecosystem of its own, has made major strides over the past year but it is often misunderstood. Why? Well, to put it simply, Cosmos is built differently. To understand how, let’s start with a basic comparison to Ethereum. Being the general purpose blockchain that it is, different types of applications are built directly on top of Ethereum. They all share the same security and they all compete for the same blockspace. This has its advantages, namely composability and strong security guarantees, but it also comes with drawbacks, such as high fees from network congestion.
In contrast to this, “Cosmos” is not a single blockchain where all of the
