Topic: Cosmos Network
Smart Contracts vs. Application-Specific Blockchains
Besides the addition and subtraction of numbers on a distributed ledger (i.e. cryptocurrencies), blockchains hold the power to provide most — if not all — of the services that centralized computing can provide. Thus, as the community of builders continues to grow, we have seen the very beginning of not only decentralized money, but also decentralized file storage, computing services, financial services, real-life asset ownership records, supply-chain management, personal identity, energy distribution, health records, governance, and more.
An introduction to the Cosmos Network: Why the Internet of Blockchains will help drive mass adoption of decentralized applications
While the scaling problem for blockchains is well understood and being addressed by many teams, what is often overlooked is the interoperability problem and why it matters for the future of crypto. Without protocols in place to enable automated communication between chains, our decentralized projects will continue to remain in silos and our overall ecosystem will remain fractured.