🎙 Cosmos Co-Founder Ethan Buchman on Building an Internet of Sovereign Blockchains
Ethan Buchman is the co-founder of Cosmos, an ecosystem of interoperable blockchains which includes Terra, Osmosis and Crypto.org, and has the most value locked after Ethereum. It's a complex network with many moving parts, and it has exploded with activity in the past year. Cosmos was born out of Ethan’s research into a switch from proof of work to proof of stake, and his idea to enable each project and community to be able to build and secure their own blockchain. It was Ethan’s goal to bring about a community computer revolution, stemming from the personal computer revolution.
Using the Cosmos sovereignty model gives all blockchain users an incredible amount of freedom to build their platform as they see fit. But with that comes a trade-off, as they are more susceptible to attack than a larger chain such as Ethereum. Ethan says while each community should be able to decide on its security model instead of having a single system for all, the goal for the Cosmos Hub will be to provide this single source of security if needed, and it also provides tooling for chains to launch. We also talk about the role of the Atom token and where Ethan sees Cosmos in the long term.
Podcast audio and video was edited by Daniel Flynn and Gary Leuci. Transcript was edited by Samuel Haig.
🎙Listen to the interview in this week’s podcast episode here:
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