Audit Date: 27 September 2022
ECOSYSTEM SCORE
27 September 2022
64
ALERTS
No Alerts
REVIEW NOTES
Aug 03, 2022

Protocol support score decreased due to few community service availabilities

Jul 06, 2022

Protocol Support score has increased as Email,chat and ticketing system has added

Jul 06, 2022

Documentation score increased as skeleton node, node validator is available

Jun 21, 2022

ADD-ONS score must be increased as Dao is added

PERFORMANCE
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100
NODES

393 nodes

WRITE SPEED

1 ms

READ SPEED

2,501 ms

GAS FEES

265,328 gwei

UP TIME

99%

PERFORMANCE MATRIX VALUE MONITORED AT
Read Speed 2,501 ms
Gas Fee 265,328 gwei
Write Speed 1 ms
Uptime Percentage 99%
Node Count 393 nodes
Reddit Total Members Online 1,300 members
Reddit Total Members 73,000 members
Discord Total Subscribers Online 2,978 subscribers
Discord Total Subscribers 22,250 subscribers
Telegram Err 3 err
Telegram Ppm 1 ppm
Telegram Views Per Post 161 views
Telegram Total Subscribers Online 2 subscribers
Telegram Total Subscribers 1,896 subscribers
FOUNDATION TOOLS
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63
ESSENTIAL TOOLS
PROGRAMMING LANGUAGE SUPPORT
SDKs
DOCUMENTATION
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50
API DOCUMENTATION

Doesn't Exists

NODE SETUP

Exists

100
SKELETON CODE

Doesn't Exists

VALIDATOR NODES

Exists

100
GRANT PROGRAM
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50
AVAILABLE GRANT

$17M

ADD-ONS
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64
THIRD PARTY SERVICES
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33
PROTOCOL SUPPORT
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20
ADOPTION
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100
DEVELOPERS

1,285

REPOSITORIES

83

COMMUNITY
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100

Overview

While network scalability is a fundamental focus in the blockchain space, interoperability is another aspect of importance. Blockchain protocols with different consensus mechanisms must have the convenience to interact with each other. Otherwise, they are likely to stay in siloes and the entire efficiency of the distributed networks will be affected. Tefore, it is needed that the blockchain networks are transformed into interoperable chains.

Many blockchains have already worked on this like Polkadot, to initiate cross-chain communication and exchanges. Another popular network known for its interoperability and cross-chain interaction is Cosmos. It is known as the ‘Internet of Blockchains’ with an ever-expanding ecosystem of interconnected applications and services.

About Cosmos

Cosmos is a decentralized network of various independent blockchains that are interoperable and scalable in nature, building an evolved foundation for an upgraded token economy. It addresses the issues of scalability, cross-chain communication and usability. The Cosmos SDK is a seamless and modular framework for blockchain developers and users.

Cosmos functions with the notion that there should be interoperability between various heterogeneous groups of self-sovereign blockchain protocols, that may have been functioning on distinctive consensus mechanisms and state management. This network also works on the basis of both the horizontal and the vertical scaling to power the enterprise-level dApps.

Cosmos architecture

Cosmos architecture is divided into three simple layers,

  1. Applications
  2. Applications regulate the transactions and update the entire state of the network.
  3. Networking
  4. This layer facilitates exchange and communication between all the zones and the hub of blockchains.
  5. Consensus Mechanism
  6. Cosmos mechanism is based on the Proof-of-Stake consensus algorithm which helps the chain to execute and authenticate all the transactions securely.

All the three layers of Cosmos architecture are interconnected to regulate the web of chains that are hosted on the Cosmos network for cross-chain communication and exchange. Because all the layers are interconnected, they will therefore function in tandem. Cosmos also uses some open-source tools like the Inter-Blockchain Communication (IBC) Protocol, Tendermint Byzantine Fault Tolerance Engine (BFT) Engine and Cosmos Software Development Kit (SDK) to connect all the zones of blockchains to the Cosmos Hub.

Cosmos' consensus algorithm

Cosmos network is based on the Tendermint Byzantine Fault Tolerance (BFT) Engine and Proof-of-Stake consensus mechanism. Tendermint (BFT) Engine is a consensus algorithm that powers the developers on Cosmos to build and add new zones to the Cosmos network without inserting any codes from scratch. It also monitors the security of the chain and adds new blocks to the blockchain. Tendermint Core is the PoS consensus algorithm that governs all the massive network of transaction nodes or validators on the Cosmos network.

Key features of Cosmos

  1. Developer-friendly blockchain
  2. Scales horizontally as well as vertically
  3. Shared security and high scalability
  4. Shared utility tokens
  5. Interoperable ecosystem
  6. Modular architecture with Cosmos SDKs

Founders of Cosmos

  1. Jae Kwon
  2. Ethan Buchman

Popular use cases of Cosmos

  1. Rainbow Wallet
  2. Atomic Wallet
  3. Anthem Hub Explorer
  4. ATOMScan Hub Explorer