Blockchain
By Maheen Hernandez
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At the heart of the Cosmos ecosystem is the Cosmos Hub and its native token ATOM. Today the Inter-Blockchain Communication (IBC) protocol, enabling the transfer of digital assets…
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The key developments that are bringing the cross chain and DeFi future to the Cosmos Hub are Liquidity Protocols, Staking Derivatives, Interchain Staking and Accounts, and NFTs.
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Liquidity pools are the core point behind the current DeFi ecosystems. They are very important in the process of Automated Market Making.
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Staking is active participation in the transaction validation process which is similar to mining on a proof-of-stake (PoS) blockchain.
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For clarity, staking derivative is alien token, which represents proof of holding the token and earning interest at a specified date in the future.
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Staking derivatives refers to the products linked to the amount of staking rewards distributed by the protocol to network validators or participants.
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Interchain Staking and Accounts is a method of securing interoperability between protocols. Interchain Staking makes it possible for staked $ATOM to secure more than just COSMOS.
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Interchain accounts permit an IBC-connected foreign blockchain to send a transaction through the local account of the local blockchain.
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Those who are trying to understand DeFi on Cosmos should understand: Gravity DEX protocol Gravity Bridge and also Starport.
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For clarity, Blockchain developers are in demand and global spending on blockchain tech is expected to grow from $1.5bn in 2018 to $15.9bn by 2023.
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The key difference between building a blockchain with Starport and creating a smart contract on Ethereum is that, with Starport, you're building an entirely autonomous…
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