Compilation of the original text: Deep Tide TechFlow
Compilation of the original text: Deep Tide TechFlow
The number of projects building on Cosmos is increasing rapidly, and I have researched more than 30 of them in the past few weeks. For this article, let me share some interesting projects I have seen.
What is Cosmos?
Cosmos is an ecosystem of interconnected applications and infrastructure services. Applications built on it are connected through the IBC inter-blockchain communication protocol.
first level title
Why are projects deployed on Cosmos?
While existing L1s have improved significantly over the past few years, most of them are still not perfect, and applications that require high transaction throughput (such as order books) cannot be built on top of most of these L1s.
Protocols built on top of Cosmos are inherently independent and sovereign chains. This gives their developers full control over the application's design, which means they are not constrained by the technical boundaries of a particular L1.
Since Cosmos applications are sovereign, there is no need to pay rent to Cosmos. This means that the gas fees paid by their users are retained by the application. However, they must find their own validators.
Now let's move on to the most interesting Cosmos projects I've found.
Cele stia
data availability
consensus
implement
data availability
By separating the core functionality of the blockchain, it does not need to execute every transaction that occurs.
Celestia only needs to verify the availability of transaction data in a block through data availability sampling. This makes it more scalable.
Celestia provides consensus and security on demand.Developers can deploy a blockchain on Celestia, use their desired execution environment (such as EVM), and create their own chains.
SeiNetwork
Sei Network is a DeFi-specific blockchain built using the Cosmos SDK.
The goals of this project are:Making Sei the best environment for DeFi applications.
Its unique features include Frontrunning Prevention and a built-in order matching engine.
The built-in order matching engine makes Sei the perfect chain for order book applications that have had many problems with other L1s. It is worth mentioning that transactions on Sei can be completed within 600ms.
Kujira
Kujira is a Cosmos L1 platform where projects are chosen by the community. Only projects that successfully pass the governance voting system can deploy applications on it, Kujira is essentially becoming a hub for quality projects.
The project's team launched an on-chain order book DEX called FIN on top of Kujira L1.
Not only that, they also developedA liquidated collateral marketplace (ORCA) and a new over-collateralized stablecoin called $USK.
SecretNetwork
Secret Network is the first blockchain with customizable privacy, which means its users can choose what to share and with whom.
DeFi applications built with Secret's privacy smart contracts maintain users' right to privacy.
Secret NFT is an interesting concept introduced by Secret Network.
Their holders can choose to keep verifiable ownership of their NFTs private, which opens up a whole new world of possibilities for NFT creators and holders.
Quicksilver
The Quicksilver team is building a liquid staking platform for any IBC connected Cosmos application. The protocol will have some key advantages over other liquidity staking solutions:
Validator selection— One of the biggest problems encountered with other liquidity staking solutions is that staked tokens are only delegated to a small number of validators on a whitelist. Quicksilver users are able to delegate their staked tokens to any validator they want.
proxy governance——Quicksilver users will retain their voting rights when staking assets in liquidity. This means that users will be able to participate in governance while participating in DeFi with their pledged assets.
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