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Author: Admin | 2025-04-28
– from how quickly they settle transactions, to the rules they use to power their security.When it comes to Ethereum’s rollup toolkits, Manian argues that “their actual ability to build an appchain is actually at a pretty early stage. They could never have built what dYdX has built.”Looking aheadBeyond the technical, Cosmos still has other headwinds.For one thing, the SEC lumped ATOM in with a list of crypto “securities” in its recent lawsuits against Binance and Coinbase. A securities designation is rarely good news for a crypto project, but Cosmos wasn’t the only project targeted this time around – Polygon (MATIC), Solana (SOL), and several others were also listed. Moreover, while ATOM is deeply ingrained into Cosmos’s leading DeFi apps, its core infrastructure doesn’t rely on ATOM to function.Cosmos co-founder Ethan Buchman was unwilling to comment on the SEC suits to CoinDesk.Perhaps a larger problem than technical obsolescence or securities laws is Cosmos’s own community. Even in the raucous world of crypto, Cosmos’s open-source developer community is among the wildest. Its history is replete with mass resignations, lawsuits, and allegations of decentralized voter fraud.Jae Kwon, one of the ecosystem’s founders, remains one of the more controversial figures in the blockchain world. His return last year to Ignite – the development firm he co-founded to build Cosmos, but left following a leadership dispute in 2020 – was accompanied by layoffs and strategic shifts that have largely backseated Cosmos infrastructure development to other priorities.As a result, the ecosystem has less of a clear organizing structure than similar projects – with a hodge-podge of non-profits, development firms, and lone-wolf engineers all playing some role in pushing the technology forward.There are, of course, some disadvantages to Cosmos’s messy politics. Community governance disputes frequently lead to technical setbacks – like when a long-planned, strategically important
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