Bankless 139 - The Cosmos Thesis with Sunny Aggarwal & Zaki Manian
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Oct 10, 2022 Zaki Manian, a crypto OG and advisor in the Cosmos ecosystem, and Sunny Aggarwal, founder of Blockchain at Berkeley, dive into the Cosmos Thesis. They discuss the unique approach of Cosmos compared to Ethereum, particularly its focus on sovereign application chains and the upcoming ATOM 2.0 enhancements. The pair reflect on the Cosmoverse conference, share insights on investment opportunities within the Cosmos ecosystem, and analyze the implications of mesh security and innovative asset models like Osmosis. Their insights paint a vibrant picture of the future of blockchain technology.
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Cosmos vs. Ethereum
- Cosmos aims to be a network of many interoperable blockchains, each sovereign.
- This "internet of blockchains" contrasts with Ethereum's model of a primary chain with layered scaling solutions.
Tall Apps vs. Fat Protocols
- Cosmos embraces a "tall app" thesis where value accrues at the application layer, not the base layer like in "fat protocol" models.
- Vertically integrated applications control the entire stack from chain to front-end, similar to Apple.
Mycelial Network Analogy
- Cosmos is structured like a mycelial network (fungus) fostering resilience through interconnectedness.
- Unlike Ethereum's tree-like structure with a central trunk (Layer 1), Cosmos lacks a central point of failure.