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Cosmos is a decentralized network of independent parallel blockchains powered by Tendermint BFT consensus and connected via Inter-Blockchain Communication (IBC) protocol. Its goal is to create an Internet of Blockchains ecosystem with seamless interoperability between chains.
This in-depth guide will explore Cosmos’ origins, technology, ecosystem growth, tokenomics, challenges, roadmap and conclude with key takeaways on its vision for cross-chain DeFi. Let’s dive in!
Cosmos was conceived in 2016 by researchers Jae Kwon and Ethan Buchman who saw the need for interoperability between siloed blockchains. Here is an overview timeline:
- 2014 — Tendermint whitepaper authored introducing a new BFT consensus algorithm optimized for performance.
- 2016 — Interchain whitepaper draft proposes concepts for interchange between blockchains.
- 2017 — $17 million raised to fund Cosmos development through one of the first public token sales.
- 2019 — Cosmos Hub goes live as the first of many sovereign zones in the ecosystem along with ATOM token.
- 2020 — Inter-Blockchain Communication protocol goes live allowing assets transfer between zones.
- 2021 — Cosmos ecosystem expands to 150+ projects across DeFi, infrastructure etc built using its SDK.
- 2022 — Milestone of $200 billion+ in assets across Cosmos zones achieved as usage grows.
Cosmos’ origins combining blockchain infrastructure focus with academic rigor catalyzed real-world traction. Next let’s examine Cosmos’ guiding philosophy.
Certain key philosophies define Cosmos’ purpose and steer its technology choices:
Interoperability Focus
The core focus is empowering asset movements, data flow, and coordination between disparate blockchains.
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