Cosmos is a powerful ecosystem of connected blockchains being most scalable, customizable, powerful and interoperable.
The Inter Blockchain communication is the mode by which the cosmos interoperability protocol connects the global economy to the blockchain technology.
For clarity, global economy is the process by which economic activities take place between multiple countries. Goods or services are exchanged between countries thus creating a need for a platform for exchange of value. Collaborating nations organize the global economy by way of their central banks when it comes to streamlining payments.
While several people think that the governments control the largest economies in the world, the reality is that the big banks and large corporations, which fund the corporations and governments control the situation.
With individuals and largest firms beginning to use the blockchain for their payment systems, interoperability is becoming very important between blockchains for different purposes.
Interchain Foundation is focused on promoting and advancing R&D in open, decentralized networks with particular focus on the Cosmos Network. The ICF Funding Program Q1 2021 is up and running. Sunday is the last day to apply. They are focusing on research, engineering and product for social good and the community.
ICF provides grants, service agreements, and investments aimed at supporting Cosmos.
Cosmos arguably has the most vibrant ecosystem of DApps, thus providing it with an impressive first-mover advantage over other emerging smart contract platforms.
Erik Voorhees has pointed to how ShapeShift_io have released its first research report, to help illuminate some of the exciting work happening on the frontier of digital assets. There is a 42-page report from them covering Cosmos, Polkadot, and Near Protocol.
The Cosmos SDK Liquidity module has provided IBC with asset transfer capability and thus offers Cosmos Hub the opportunity to become the center of the Interchain financial ecosystem by acting as the Interchain router.
The liquidity module makes it possible for any user to create a liquidity pool with a pair of tokens and provide liquidity by depositing reserve tokens into the liquidity pool to trade tokens using the liquidity pool.
The Liquidity Module provides with an AMM (Automated Market Maker) style decentralized liquidity, which provides coin swap functions. This module makes it possible for anyone to create a liquidity pool by depositing or withdrawing coins from the liquidity pool to further request coin swap to the liquidity pool. This module can be used in the Cosmos Hub and in any other blockchain which is based on the Cosmos-SDK.
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