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Understanding the concept of Metaverse
Since 2020, the most noticeable trend in the crypto space is that Ethereum has been unable to maintain its dominance due to scalability constraints.
Meanwhile, various new public blockchains have continued to emerge. Some of them have already acquired a large volume of usage and hosted a huge amount of crypto assets.
The trend has made more and more people realize that the future of the blockchain world will not be one-chain-fits-all but rather an Internet of Blockchains.
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Octopus Network is the third noteworthy multi-chain network after Cosmos and Polkadot. Its goal is to launch and run a large number of Web3.0 applications in the form of application-specific blockchains, aka appchains, which are safe and effic...
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Polkadot has always been compared with Cosmos. Although the term is not used, Polkadot also practices Hub Minimalism.
The minimalized Polkadot Relay means that decentralized applications including DeFi can only be hosted by paracha...
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When it comes to the topic of the Internet of Blockchains, the contributions of Cosmos and its founders cannot be ignored. In 2015, Jae Kwon and his collaborators created Tendermint ,...
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One is that the code of the hub is simplified, so the security and reliability go higher. The other is that the hub will dedicate its limited capacity to process cross-chain transactions, thereby reducing the cost of cross-chain transactions.
The designers of Cosmos followed the
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Take a look at the real-world blockchain interconnection topology, and you can easily find that Ethereum is at the center of the Hub-and-Spoke network, with bridges connecting all important blockchains.
The motivation for doing that is not because Ethereum is minimal, but precisely because...
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