the introduction of cosmos hub

Post on 21-Apr-2017

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The COSMOS series made by ationalgeo-graphic“A spacetime Odyssey”Total production 45M dollar

Here is another Cosmetic Project

What is the Cosmos ?

-The Internet of Blockchain-The cosmos network

Internet: A huge network connecting people and information

around the world

It became possible that anyone can easily exchange information and de-

liver a message, beyond the limits of space through the Internet

Billions of people are connected via the Internet, so every moment

a huge amount of information is created and shared on the Internet.

There are billions of users of search engines and SNS that help to

communicate and share information over the Internet.

So, highly accessible .com addresses

can be traded in millions dollars.

Insurance.com $35.6MVacationRentals.com $35MPrivatejet.com $30.2MInternet.com $18M

The price of .com domains

Also, the enormous amount of Big Data created on the Internet has rev-

olutionized marketing, biotechnology, and voting strategies.

This is possible because

the Internet is connecting information and people.

The synergy that arises from “connection”

is very innovative and powerful.

Can these innovative and powerful synergies occur

when blockchains are linked together?

The blockchains have their own ideal, culture and purpose, and have different

advantages and disadvantages.

The Bitcoin is useful as a means of storage and movement of value.

But, There are limitations in terms of application software development

and real-time payment.

The Ethereum makes possible to use and develop

Smart Contract and Dapps. But, there are limitations that

all developments must be based on the EVM.

The R3CEV's blockchain "Corda" is a private blockchain, which allows

only the banks subscribed to R3CEV to access and use.

Currently, most blockchains exist independently of each other

and can't interact with each other.

When these independent blockchains are connected together,

various applications can be made such as

selectively using merits of each blockchain.

Bitcoin transfer with Ethereum Smart Contract

Movement of value

Smart Con-tract

The Cosmos Hub connects indepent blockchains using the IBC proto-

col.

IBC ( Inter-blockchain communication)

IBCIBC

When these independent blockchains are 'connected', various applica-

tions and uses that were not possible before will be possible.

IBCIBC

IBC

IBC

IBC

IBC

The Cosmos Hub will play a role of "The decentralized blockchain con-

nection platform" connecting numerous blockchains.

It is time to imagine new things which will be possible

when the blockchains are connected.

The only question is,

What will you build on cosmos?By Jae Kwon (The Founder of Tendermint)

END

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