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Prague
1 Level
86 Review
185 Karma

Review on Cosmos by Věra Filipová

Revainrating 5 out of 5

The future lies within the Cosmos ecosystem, the future is multichain

My main focus if the market is in the range, is to look for, how to get value, educate myself and be ahead of the herd is to try new inventions, features and utilities in crypto space. I am also looking for investment opportunites via new yield farming opportunities and hidden gems with potential in the industry. I also believe that there will be more competitive blockchains in the future. All of this I have found with the Cosmos blockchain and its native token ATOM. It is quite robust ecosystem with which you can achive the above and much more.



img 1 attached to Cosmos review by Věra Filipová

First of all I would like to mention that the Cosmos blockhain and the whole project is trying to invent and brought to masses multichain future. They are quite good at it. Its solution is by far the mos elegant I have ever seen.. In my humble opinion it is a better option than is for example Polkadot as the other chains are independent and have their own security (it is not inheritent). The Cosmos is real cotender in the DeFi and could be the most important one where all apps will be built around it. The consensus mechanism is Proof of Stake so it means the transactions on the blockchain are fast and cheap which comes handy if you are DeFi fan.

The Cosmos blockchain is built on Tendermint and use so called IBC (Inter-Blockchain Communication) protocol to connect other blockchains. The is the core stone of the system where all the chains could communicate with each other (it means you can transfer your asets from one chain to another without any bridge needed). There are for example LUNA or CRO right now in the Cosmos ecosystem which are top cap coins. More will come in the future.

There are also great applications attached. In the heart of the ecosystem is the Keplr wallet which can be used as an web extension or phone app (whatever is more convenient). You can use the wallet as a bridge to other apps or you can use the implemented staking function to stake your ATOM. The app is simple and easy to use. It has a good UX.



img 2 attached to Cosmos review by Věra Filipová

The great app is Osmosis where you can trade (swap) or provide liquidity with high APR in the liquidity pools (for example ATOM/OSMO is more than 60 % APY with the OSMO as a native token of Osmosis). There is also possibility to use other as there are at least 25 chains on the Cosmos now and can be provided as liqudity also. The Osmosis app is implemented in the Keplr wallet for your convenience (it is super easy to earn, you only need your phone).



img 3 attached to Cosmos review by Věra Filipová

Is native token ATOM is listed on many exchanges (Binance, etc.). They have not done any marketing yet so I think the token ATOM is quite undervalued. The whole ecosystem is in the trend right now and I can see the price to surge.



Pros
  • Low fees and high speed is great for DeFi
  • Greatp apps - Keplr wallet and Osmosis
  • IBC - multichain future
  • listed almost everywhere
  • potential for higher values
Cons
  • only to be late in the ecosystem

Comments (1)

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March 27, 2022
This is a great investment opportunity right now. I am looking for some new chains and tokens to be used in DeFi for high yield. Cosmos is the future. This was a great idea where to start farming.