Fin 383 - Financial Technologies and Innovations

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of blockchain are available, getting all the nodes to agree concurrently on the upgrade would be a daunting task. If this is not done in proper, it could lead to a hard-forked. The DAO hack which resulted in Ethereum’s hard-forked, effectively creating a version of the network and rules of it.

In Cosmos, the hacking would have been prevented because upgrading would be simply plugging in a new zone into the hub, then inviting the users to move their funds over to the new zone at their own time.

LASIC principal

Low profit margin → Cosmos Hub validators can accept any token type as fees for confirming a transaction. Validators are given the liberty to set and choose any exchange rate and transactions it wants, as long as the BlockGasLimit is not exceeded. (Similar to Ethereum)

Asset light → Similar to other Fintech/Blockchain/Cryptocurrencies companies, Cosmos would be highly scalable because it doesn’t incur high fixed costs as it is effectively a network of decentralized networks put together with the use of technology and internet.

Innovative → As mentioned earlier, Cosmos innovation comes effectively from solving existing pain-points of blockchain technology such as the lack of interoperability and scalability.

Compliance easy → Cosmos functions as a decentralized network, effectively eliminating resources that are spend on compliance activities.

Unicorn in the future

I will touch on two main reasons on why Cosmos could benefit from current growth trends in the world to propel itself into a USD-billion dollar valuation in the future.