Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Cosmos ATOM Forum => Topic started by: EAA-ALLAH on May 20, 2021, 08:54:42 PM
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We’re only in Q2 but 2021 has already been a record-breaking year for Cosmos. Its continually expanding network of blockchains built with environmentally friendly Proof-of-Stake Cosmos SDK technology now comprises more than 240 apps and services with around $100 billion of digital assets under management.
Cosmos includes crypto powerhouses like Binance Coin, Terra, Crypto.com, Cosmos Hub, and many others. And it’s an ecosystem that looks set to expand thanks to its Stargate upgrade that helps developers build energy-efficient blockchains quickly with the highly anticipated Inter-Blockchain Communication (IBC) protocol.
As Cryptoslate reported in March, IBC ushers in a new era of interoperability and scalability, connecting independent blockchains like never before, allowing different networks to exchange tokens and other data. So far, Cosmos Hub, Akash Network, IRISnet, and Crypto.com have all enabled IBC and work is underway to connect major other chains like Celo and Polkadot.
But Cosmos isn’t stopping there. The next step in its quest for a multichain future is to bring DeFi to Cosmos by using an inevitable force: Gravity. Through a combination of the most advanced interchain DEX, Gravity DEX, built by Tendermint and the B-Harvest team, and a secure decentralized bridge to Ethereum (Gravity Bridge) built by Althea Network, Cosmos will literally pull billions of dollars of capital and liquidity toward it. Source (https://cryptonews.net/676302/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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DeFi Gravity is still being developed by Cosmos Atom and it's really amazing now that it can be used on the Cosmos Atom network.
Cosmos Atom was originally designed for a coin that has an ecosystem that is in content creation, but increasingly Cosmos Atom is being developed for more details in the ecosystem such as Staking and Scaling.
Everyone didn't think that the Cosmos Atom would not exceed the price of 5 USD because it might be seen that the supply exceeded 280 million in 2020 but now the Cosmos Atom has become a super expensive coin and I really like Cosmos Atom in terms of Staking.
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Konstellation is also a new Defi project of Cosmos, though it has its coin on solana and Blockchain but has struggle make a difference after 4 years of crowdsale. Wrong timing looks like the factor for struggle but I feel if the era of cycle is over like some people said whenever market comes back and defi pick up, we could see good climb. At the moment it trades on osmosis and raydium
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Again and again , DEX on these various blockchains really gives a tremendous advantage and I believe that .
Cosmos is a very good coin to enter in the DeFi space and it is certain that this Cosmos will be something very good in DEX Gravity.
DEX Gravity will definitely give Cosmos an excessive advantage because it will definitely be able to give its all to continue developing Cosmos coins.
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That is good I hope that will also foster the development of trofi as well tho it got Amazing features already like staking with high APY about 400
+ which is rare
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Users may find the Cosmos network appealing based on its focus on facilitating interoperability between blockchains. There are a variety of projects built on the Cosmos network. Some examples include a price-stable cryptocurrency and a decentralized finance (DeFi) project allowing traders to leverage their assets.