Cosmos, a blockchain where developers can create custom chains that interconnect and communicate, has revealed its roadmap for 2024. According to an X mail As of September 25, the roadmap focuses on increasing modularity, improving the developer experience, addressing “technical debt,” and driving user adoption. With this, Cosmos developers plan to take on the most established platform, ethereum.
At the heart of Cosmos are features like Tendermint, a consensus system that anchors blockchains like BNB Chain; Cosmos SDK, a software development kit that allows coders to create fluid, custom blockchains; and inter-blockchain communication (IBC), from where all deployed custom Cosmos chains can connect and communicate, effectively driving interoperability.
Cosmos wants to pay off technical debt and make its SDK more modular
In 2024, reading the roadmap, Cosmos aims to solidify its position by attracting developers from competing platforms while paying down “technical debt.” In application development, technical debt creates additional work and can be due to resource constraints and changing code requirements.
Cosmos will expand its developer base to pay off this debt and make the Cosmos SDK more modular. Although the team claims that the SDK has been modular in theory, trades and modifications have made practical implementation more challenging.
Therefore, to address these challenges, the work already done on the Cosmos SDK will continue until 2024. Then the goal will be to make the kit more modular at its core. This will make it more adaptable and flexible, meeting the requirements of developers.
ethereum remains dominant
It remains to be seen whether this can be achieved in 2024 and whether Cosmos will grow as dominant as ethereum. Currently, ethereum is the leading smart contract platform, based on market capitalization and total value locked (TVL) in decentralized finance (DeFi). Additionally, its Layer 2 ecosystem has been growing, with more protocols and blockchains connecting to ethereum to take advantage of the network’s pioneering activity.
DeFiLlama data on September 29 shows that the top 10 bridges are connected to ethereum. As an example, Cosmos’ Stargate is connected to ethereum and several blockchains, including Avalanche and BNB Chain.
In addition to Stargate, other bridges support the ethereum Virtual Machine (EVM) and predominantly connect to ethereum Layer 2 and Polygon, the sidechain. For example, zkSync Era, Base, Arbitrum, Polygon, and Optimism Gateway are connected to ethereum. Together, these bridges move millions of dollars in tokens to and from ethereum at any given time.
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