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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Non-Rent-Extractive Security
- Cosmos prioritizes non-rent-extractive security through mutual agreements, unlike Ethereum's monetary premium model.
- This approach avoids imposing fees or MEV capture on app chains.
Osmosis as a Killer App
- Osmosis, a DEX app-chain, emerged as Cosmos's first "killer app", driving IBC adoption.
- It aims to provide a superior DEX experience by controlling the entire tech stack, similar to how Apple operates.
Importing Monies
- Cosmos has focused on importing external monies (BTC, ETH, USDC) rather than establishing its own native monetary premium.
- This approach is now changing with Atom 2.0, which seeks to enhance Atom's monetary properties.