TokenMarket insights on Cosmos
By Gavin Knight - Published 2016-10-27
Cosmos functions on the consensus methods of Tendermint. It is essentially a centralized hub to connect federated chains. Using delegates in a round robin fashion to verify blocks allows a fast, efficient and scalable system. However, with this project we are moving away from decentralization, and moving towards centralization for the sake of speed, and security. Entites can define their own chains and build in anyway they choose, but fundamentally it is a less centralized system. While it's true there's a need for these technologies, it fits much more in traditional structures. It can bring benefit to, for instance, government, or spread out entities that require more control. While there is definitely a market here, partnerships and quick movement will be key to compete against the myriad of other projects in this space.