Cosmos enables the fast creation of a dedicated blockchain using its frameworks. While this makes it easy for developers to set up their own L1, the question arises: why and at what cost?
Traditionally, forks with limited resources for development have struggled to keep up with security updates, making them vulnerable to numerous hacks. Why do you need to set up your own chain that is so similar to the main chain?
Despite these considerations, Cosmos offers favorable properties for perhaps enterprises looking to swiftly set up their blockchain for running centralized applications.
With Cosmos' interoperability setup, transactions can potentially get stuck in the interchain layer, and the technology is limited in its connectivity to other blockchain ecosystems.
Similar to Axelar, Cosmos provides the possibility to deploy autonomous smart contracts capable of monitoring events on the blockchain which is a plus.
Yes, it is a popular project. However, with all the new composable/modular protocols popping up, it'll be interesting to see how much Cosmos will be used moving forward. Show Less
