Cosmos Roadmap for 2024 Focuses on Modularity, Developer Experience, and User Adoption
Cosmos, a blockchain platform that enables developers to create interconnected and communicative custom chains, has recently unveiled its roadmap for 2024. The roadmap highlights key areas of focus, including increasing modularity, improving the developer experience, addressing technical debt, and driving user adoption. By doing so, Cosmos aims to compete with more established platforms like Ethereum.
The Core Features of Cosmos
At the core of Cosmos are several features that contribute to its functionality. These include Tendermint, a consensus system that anchors blockchains such as the BNB Chain; Cosmos SDK, a software developer kit that allows coders to build fluid and custom blockchains; and Inter-Blockchain Communication (IBC), which facilitates connectivity and interoperability between different Cosmos chains.
Repaying Technical Debt and Enhancing Modularity
According to the roadmap, one of Cosmos’ goals for 2024 is to repay the technical debt it has accumulated over time. Technical debt refers to additional work caused by resource constraints and evolving code requirements. By attracting developers from competing platforms, Cosmos aims to solidify its position and address this debt. Additionally, the platform plans to make its SDK more modular, as practical implementation has been challenging due to frequent swapping and modifications.
Expanding Bridges with Ethereum Virtual Machine (EVM)
In addition to its Stargate bridge, Cosmos also offers other bridges that are compatible with the Ethereum Virtual Machine (EVM). These bridges primarily connect to Ethereum layer-2s and Polygon, a sidechain. Examples of these bridges include zkSync Era, Base, Arbitrum, Polygon, and the Optimism Gateway. Collectively, these bridges facilitate the seamless transfer of millions of dollars’ worth of tokens between Ethereum and Cosmos.
Hot Take: Cosmos Aims to Challenge Ethereum’s Dominance
Cosmos has laid out an ambitious roadmap for 2024, aiming to position itself as a strong competitor to Ethereum. By focusing on improving modularity, addressing technical debt, and enhancing the developer experience, Cosmos aims to attract more developers to its platform. The interoperability provided by the Inter-Blockchain Communication (IBC) and the compatibility with the Ethereum Virtual Machine (EVM) bridges further strengthen Cosmos’ value proposition. As the blockchain space continues to evolve, it will be interesting to see how Cosmos progresses in its mission to challenge Ethereum’s dominance.
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