Cosmos (ATOM): Why it's a Crypto GAMECHANGER!! 🚀

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📺Essential Videos📺

Previous Cosmos Vid 👉 https://youtu.be/x1gnWnyxLNE
ThorChain Review 👉 https://youtu.be/mNSuvYaJ2Vg
Polkadot Upcoming DeFi 👉 https://youtu.be/KzqLf7Kteuk
Cardano Upcoming DeFi 👉 https://youtu.be/Iyy2-FUAFcU

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– TIMESTAMPS –
0:00 Intro
2:26 Cosmos Recap
5:48 Cosmos IBC Explained
8:30 Cosmos Updates
10:36 ATOM Price Analysis
12:45 Why Cosmos Has Struggled
14:50 Upcoming Cosmos Developments
16:43 Conclusion

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⛓️ 🔗 Useful Links 🔗 ⛓️

► List Of Cosmos Cryptocurrency Blockchains: https://cosmos.network/ecosystem/tokens/
► ThorChain DEX: https://app.thorswap.finance/
► Cosmos Explorer: https://www.mintscan.io/cosmos
► Gravity DEX Info & Registration: https://gravitydex.io/
► Cosmos “Roadmap” (Scroll To The Bottom): https://cosmos.network/features/

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👨‍🏫Cosmos Recap👨‍🏫

At the conceptual stage you’ll be able to consider the Cosmos community as being a assortment of cryptocurrency blockchains.

Instead of utilizing dozens of bridges to attach all of those blockchains collectively, the Cosmos community makes use of ‘hubs’.

Cosmos hubs are principally Cosmos blockchains that act as a single level which 1000’s of blockchains can hook up with for interoperability with different related chains.

💱Cosmos IBC Explained💱

The current launch of the IBC is believed to be some of the important milestones for the cryptocurrency house.

This is as a result of Tendermint primarily based blockchains aren’t the one ones which have turn into interoperable.

According to Tendermint Inc.’s CEO Peng Zhong, any proof of stake cryptocurrency blockchain can theoretically hook up with the IBC.

Proof of stake cryptocurrency blockchains like Bitcoin and Ethereum may also hook up with the IBC utilizing Peg Zones which observe the state of their blockchains.

📰Cosmos Updates📰

In September final yr, Coinbase added ATOM staking to its change. In October, Coindesk reported that Cosmos was gaining recognition in India.

In January this yr, it was found that Grayscale had filed a for a Cosmos belief. In February, Cosmos turned the primary public blockchain to combine with China’s Blockchain Service community.

On the identical day Cosmos’ IBC protocol went dwell, Tendermint Inc. introduced that they’d be allocating 20 million {dollars} to fund initiatives constructing on Cosmos.

📊ATOM Price Analysis📊

ATOM has seen a 5x transfer because the begin of the yr. This isn’t unhealthy, however it’s nowhere close to the expansion that just about each different altcoin has seen throughout the identical interval.

ATOM has principally been buying and selling sideways since late February, and the value sample we’ve seen since then means that we is perhaps on the verge of a breakout (which started whereas capturing the video).

🕵️‍♂‍Why Cosmos Has Struggled 🕵️‍♂‍

However, the instruments that these groups constructed alongside the way in which such because the Tendermint consensus module and the Cosmos SDK had been basically created on the expense of the Cosmos blockchain itself.

Not solely are these instruments free to make use of, however the groups behind Cosmos additionally supplied free assist to any mission trying to leverage them.

This is in stark distinction to only about each different cryptocurrency mission which might have demanded that builders pay for these merchandise utilizing their native coin.

As a end result, the emergence and progress of Cosmos primarily based blockchains like Binance, Terra, and Crypto.com have had no influence on the value of ATOM.

📅Upcoming Cosmos Developments📅

The Gravity DEX is only one of many upcoming options that the Tendermint Inc. staff hopes will add worth to Cosmos and improve utility and demand for ATOM.

Another product within the works is the Gravity Bridge, which can add a Peg Zone to the Cosmos hub in order that tokens might be transferred between Ethereum and the Cosmos blockchain.

By the tip of 2021, Tendermint Inc. hopes to have its Interchain Staking service arrange, which can make it potential for Cosmos validators to safe a number of auxiliary blockchains on a pay as you go foundation.

The milestone that caught my eye probably the most is the introduction of staking derivatives to Cosmos in 2022, which can function ATOM burning for any slashed collateral.

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📜 Disclaimer 📜

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary legal or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Trading cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any explicit end result.

#Cosmos #ATOM #crypto #IBC #blockchain #assessment

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