Cosmos is poised to begin a new era for blockchain technology by creating a network of chains, united by open-source tools to streamline transactions between them. An internet of blockchains. The project identifies three core areas of improvement for the present-day blockchain ecosystem:
Scalability: Proof-of-Work protocols are slow, expensive, unscalable, and environmentally harmful. Decentralized applications built on top of Ethereum are inhibited by a shared rate of 15 transactions per second.
Usability: Blockchain applications are complex and difficult to understand for developers.
Interoperability: Blockchain economies are siloed and cannot transfer assets between each other.
Rather than prioritizing its own network, Cosmos’ vision is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other.
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