Once a Pioneer, Cosmos Blockchain Project Faces 'Existential' Crisis

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Once a Pioneer, Cosmos Blockchain Project Faces 'Existential' Crisis
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The next 12 months could make or break Cosmos. As it reckons with Ethereum-based competitors and the fallout from Terra, Cosmos may have 'a year at most to find a way to create something unique and distinctive,” says zmanian. Deep dive by skesslr

Shared security was also supposed to be key value-add for Cosmos, enabling upstart blockchains to borrow the security apparatus of other networks. Cosmos introduced the functionality this year with a feature called Interchain Security , but a buzzy new project on Ethereum, calledCosmos’s dominance in the chain-building space has also faded with the entrance of new competitors.

“We were pretty much batting 100 for exchange chains, where every exchange, when they started to ship a blockchain, was using Cosmos SDK,” lamented Manian. “Now, two of the biggest exchanges have picked different technology stacks.”a version of its network that runs using the OP Stack.Cosmos still has plenty going for it in terms of its technical bona fides.to move to a new Cosmos chain after finding Ethereum too expensive and sluggish for its use case.

Cosmos’s boosters also claim their toolkit – though it now lags behind some newer tools in terms of its overall ease of use – still provides more flexibility to builders.

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