I think bridge most powerful thing for decentralized system. We dont need cex anymore. İ love cosmos and keplr wallet. Very good ecosystem. Thanks for the article.
Considering that both Osmosis and Juno have had requests from Binance, Kraken and multiple other CEX's to list the tokens and the teams have said 'no thank' (in a slightly less polite manner haha), Cosmos is all about true decentralization more than any other project in blockchain. Hopefully these bridges will bring DEX's closer to being able to compete with CEX. Next we just need to see easy to use fiat ramps in the Cosmos
I hope they will keep improving the stability and functionality of these bridges, cause I still have a reserved feeling when it comes to use a bridge between two networks.
100%, I really dislike wrapped tokens myself. I think it is a very poor way to transfer tokens from one chain to another. That's why I like Cosmos IBC so much, no wrapped tokens. All native tokens seemlessly moving from chain to chain without issue and no risk of loss if a transaction should happen to fail. The bridges to ETH and BTC are as yet unproven but time will tell if these projects are functional. Still not ideal for new users but a good thing for OG's.
Networks and projects that want to develop should definitely build a good bridge system. Because it allows you to connect with the outside world. The atom will certainly improve itself in this regard. Because they have a smart team.
I've said it before but I'm very bullish on Cosmos. There are so many great projects that are utilizing it already (some with larger market caps than Cosmos which is slightly crazy when you think about it). Interoperability and bridges are going to be the key for the various parts of the cryptoverse to start stitching themselves together. We're still early in the adoption cycle so it is no surprise that islands of blockchains still exist however that will at some point become a barrier to entry and progression.
I think bridge most powerful thing for decentralized system. We dont need cex anymore. İ love cosmos and keplr wallet. Very good ecosystem. Thanks for the article.
Considering that both Osmosis and Juno have had requests from Binance, Kraken and multiple other CEX's to list the tokens and the teams have said 'no thank' (in a slightly less polite manner haha), Cosmos is all about true decentralization more than any other project in blockchain. Hopefully these bridges will bring DEX's closer to being able to compete with CEX. Next we just need to see easy to use fiat ramps in the Cosmos
I hope they will keep improving the stability and functionality of these bridges, cause I still have a reserved feeling when it comes to use a bridge between two networks.
100%, I really dislike wrapped tokens myself. I think it is a very poor way to transfer tokens from one chain to another. That's why I like Cosmos IBC so much, no wrapped tokens. All native tokens seemlessly moving from chain to chain without issue and no risk of loss if a transaction should happen to fail. The bridges to ETH and BTC are as yet unproven but time will tell if these projects are functional. Still not ideal for new users but a good thing for OG's.
Networks and projects that want to develop should definitely build a good bridge system. Because it allows you to connect with the outside world. The atom will certainly improve itself in this regard. Because they have a smart team.
Thanks for the nice article.
Thanks for your support Husnu
I've said it before but I'm very bullish on Cosmos. There are so many great projects that are utilizing it already (some with larger market caps than Cosmos which is slightly crazy when you think about it). Interoperability and bridges are going to be the key for the various parts of the cryptoverse to start stitching themselves together. We're still early in the adoption cycle so it is no surprise that islands of blockchains still exist however that will at some point become a barrier to entry and progression.
Completely agree. At some point someone will have to figure out how to make the UX far more retail friendly if mass adoption is going to occur
This is an awesome read. That's why I'm including it in this week's Cryptocracy newsletter. https://cryptocracy.substack.com/p/will-ethereum-hit-1-trillion-by-2025?r=1dh89
Thanks Allen, much appreciated
This is so exciting, we're living in the future.
Inter-chain operability is the way and Cosmos is leading the race.
We still have a ways to go but this is certainly an interesting development