What's Next for the Cosmos Appchain Thesis? | Ethan Buchman and Sam Hart
In today's episode of Empire, Jason and Santi are revisiting the Cosmos appchain thesis and are joined by Ethan Buchman, Cosmos co-founder, and Sam Hart, head of product & strategy at Skip Protocol. They revisit the App Chain thesis and how it is playing out both within Cosmos and L2-Ethereum based rollups. The ideal protocol for launching an App Chain is unpacked, addressing functionality needs, integration requirements, governance models and more. Sam and Ethan dive into IBC enabling multi-chain flows, shared security models and key learnings from governance processes in Cosmos. Thanks for tuning in!
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Timestamps:
(00:00) The App Chain Thesis Was Right
(05:49) Ideal Protocol for an App Chain
(12:31) Cosmos Tech vs BD Strategy
(19:32) Why Select Cosmos for an App Chain
(29:48) DAS 2024
(31:00) Toku Ad
(32:23) Bootstrapping Validator Sets
(45:53) How do Appchains Unlock Killer Apps
(51:28) Cosmos Governance Learnings
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Inside the Cosmos Ecosystem with Ethan Buchman
Cosmos contributors recently released a new whitepaper that proposes major upgrades to the Cosmos Hub, the central blockchain of the Cosmos ecosystem.
A community vote to determine whether or not the proposed changes are integrated into the Hub concludes on Monday, Nov. 14th.
In this episode of The Scoop, Cosmos Co-Founder and Interchain Foundation President Ethan Buchman explains what will change if Atom 2.0 passes, as well as how these changes fit into his overall vision for how Cosmos’s app-chain architecture will continue to evolve.
According to Buchman, key to Atom 2.0 is the introduction of a security model which will allow new application-specific blockchains to bootstrap security by utilizing the Cosmos Hub’s existing validator set:
“The kind of change that's coming to the Hub specifically will allow new application-specific blockchains to launch that use the same validator set as the Cosmos Hub and use the same stake that already exists on the Cosmos Hub.”
Not only will the proposed changes to Cosmos Hub make it easier and more secure for projects to launch their own chains, but Buchman anticipates it will increase the amount of development activity on the Hub itself:
“This for the first time, opens the door to a sort of more active development environment and development velocity in and around the Cosmos Hub, whereas in the past, the Cosmos Hub was very slow to evolve.”
Episode 111 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro and Cosmos Co-Founder and CEO of Informal Systems Ethan Buchman.
Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests can be sent to podcast@theblockcrypto.com.
This episode is brought to you by our sponsors Tron, Ledn
About Tron
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116 - Why Bankless Is Wrong | Ethan Buchman - Cosmos
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode https://shows.banklesshq.com/p/116-ethan-debrief ----- Ethan Buchman is a fantastic human being, an Internet Biophysicist, Monetary Localist, and Co-Founder at Cosmos. In addition, he is President of the Interchain Foundation.
Today, he comes on Bankless to tell us why we’re wrong.
This episode’s dialectic explores the fate of the blockchain ecosystem—will we have a multi-chain sprawl of different protocols, or will we see a few chains with a power law distribution?
We dive into the value of monetary premium, set against the opposing side of monetary clearing and velocity.
And what does this all mean for security?
The ultimate answer we seek is how to avoid turning the world into a dystopia. On either side of the tyranny spectrum lies anarchy and autocracy, so perhaps the answer rests somewhere in the middle.
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------ Topics Covered:
0:00 An Internet Biophysicist 6:10 Why Is Bankless Wrong? 9:35 Network Topology 15:55 Co-op Full vs Bankless 23:06 Monetary Premium vs Clearing 33:25 Empires vs City-States 44:48 Discussing the EVM 51:59 The Role of Bitcoin 56:39 DeFi vs ReFi 1:00:49 Systems and Cycles 1:09:00 The Network Effect of Money 1:14:48 Mutual Exclusivity 1:19:34 Layer 2 vs Cosmos 1:26:38 Cooperative Democracies 1:32:31 Plutocracy 1:42:15 Chaos and Order 1:47:55 Closing & Disclaimers
------ Resources:
Map of Zones https://mapofzones.com/ Debt: The First 5000 Years https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years Cosmos EVM https://evmos.org/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures
Cosmos Co-Founder Ethan Buchman on Building an Internet of Sovereign Blockchains
Ethan Buchman is the co-founder of Cosmos, an ecosystem of interoperable blockchains which includes Terra, Osmosis and Crypto.org, and has the most value locked after Ethereum. It's a complex network with many moving parts, and in the past year it has exploded with activity. Cosmos was born out of Ethan’s research into a switch from proof of work to proof of stake, and his idea to enable each project and community to be able to build and secure their own blockchain. It was Ethan’s goal to bring about a community computer revolution, stemming from the personal computer revolution.
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Want to Connect Blockchains? Cosmos Has Tools for Coders - Ep.117
Jae Kwon, founder and CEO of Tendermint and president of the Interchain Foundation, and Ethan Buchman, cofounder of Tendermint and Cosmos and technical director of the Interchain Foundation, discuss the various technologies that form the Cosmos/Tendermint system. When the Cosmos network launched on March 13, it was built on what is the blockchain equivalent of an operating system, a consensus algorithm called Tendermint, Cosmos is like the world wide web (for blockchains) built on top, and the Cosmos Hub is a specific blockchain that exists in the system that can be used to connect other blockchains. We discuss all the above, as well as how secure the chain is, and how governance works in the system.
Check out the full show notes on Forbes: http://www.forbes.com/sites/laurashin/2019/04/30/cosmos-a-world-wide-web-for-blockchains/
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CipherTrace: https://ciphertrace.com/unchained
Episode links:
Cosmos: Cosmos.network
Cosmos.network/launch
Luni: Luni.io
Tendermint: Tendermint.com - company and product
Interchain Foundation: Interchain.io
Cosmos intro/FAQ: https://cosmos.network/intro
Cosmos white paper: https://cosmos.network/resources/whitepaper
Chart showing number of transactions vs. validators: https://medium.com/paradigm-fund/cosmos-network-the-internet-of-blockchains-is-coming-9ce956c7b78
The Control on Cosmos: https://thecontrol.co/into-the-cøsmos-433586b82865
Paradigm’s description of Cosmos: https://medium.com/paradigm-fund/cosmos-network-the-internet-of-blockchains-is-coming-9ce956c7b78
Bitfish’s response to Game of Stakes, in which it grew to 55% of the network: https://medium.com/bitfishlabs/bitfish-response-to-gos-5-24eaeeea9876
CoinDesk on Cosmos launch: https://www.coindesk.com/a-blockchain-to-connect-all-blockchains-cosmos-is-now-officially-live
Cosmos vs. Polkadot: https://tokeneconomy.co/the-state-of-crypto-interoperability-explained-in-pictures-654cfe4cc167
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