1 00:00:00,00 --> 00:00:02,300 Hi guys and welcome to this new video! 2 00:00:02,400 --> 00:00:08,900 We can't say that this bear market is boring and this video will show you why 3 00:00:09,000 --> 00:00:17,300 Indeed we'll cover all the updates from 3 big ecosystem in crypto like Cosmos, Polkadot and Cronos Chain 4 00:00:17,400 --> 00:00:21,600 That said press the like button to start and don't forget to subscribe! 5 00:00:21,700 --> 00:00:28,200 I'd like to start from coinmarketcap just to see that there no huge differences since last 7 days 6 00:00:28,300 --> 00:00:34,200 With Bitcoin traded around 19.000$ and Ethereum traded around 1300$ 7 00:00:34,300 --> 00:00:43,100 Because of the topics of this cryptofriday I'd also check the situation on the 3 tokens that we'll talk about 8 00:00:43,200 --> 00:00:49,700 That at the momenth is 11th in the coinmarketcap rank and worth around 6.50$ 9 00:00:49,800 --> 00:00:54,600 With a 7 billions and 270 millions dollar of market cap 10 00:00:54,700 --> 00:01:05,600 After that we have ATOM that worths more or less 13$ with a market cap that is the half of polkadot ones that is 3.7 billions $ 11 00:01:05,700 --> 00:01:12,100 Last of these 3 tokens is Crypto.com that is just above 0.10$ and its market cap is around 2.8 billions $ 12 00:01:12,200 --> 00:01:19,900 I wanted to make this recap of these 3 projects so that after you hear the updates 13 00:01:20,000 --> 00:01:29,200 You can assess whether these assets are undervalued, which would give you an advantage in the event of a bullish market return 14 00:01:29,300 --> 00:01:39,900 So let's start from Cosmos considering that this week we had the Cosmoverse, one of the biggest events about Cosmos 15 00:01:40,000 --> 00:01:48,500 One of the main news released during this event that has been hosted in Medellin is the ATOM 2.0 whitepaper 16 00:01:52,300 --> 00:01:55,000 In order to summarized the first part of the whitepaper talks about what is Cosmos and what it has achieved so far 17 00:01:55,100 --> 00:02:01,400 Indeed Cosmos has already completed its goals set at the beginning of its journey in 2016 18 00:02:01,500 --> 00:02:11,400 Tha base stack of Cosmos is fully working and it includes the Cosmos SDK, the IBC that is the protocol that let you transfer assets between Cosmos chains 19 00:02:11,500 --> 00:02:15,700 And also the integration of Tendermint that is the consensus algorithm 20 00:02:15,800 --> 00:02:21,600 So let's deep dive into what will be the future challenges of Cosmos and what will change in the ecosystem 21 00:02:21,700 --> 00:02:27,500 Starting from the tokenomics of ATOM we can see that they have changed the token emission's model 22 00:02:27,600 --> 00:02:33,900 Indeed as you can see we shift from a linear growth system that is currently in use for the emission of new ATOM 23 00:02:34,000 --> 00:02:40,300 But they want to turn the emission's model inversely proportional to the passage of time 24 00:02:40,400 --> 00:02:46,700 So at the beginning there will be an higher inflation rate than the current one 25 00:02:46,800 --> 00:02:55,000 And then over the next 36 months this inflations will do down until it reaches the rate of 0.1% 26 00:02:55,100 --> 00:03:05,200 The emission will start at 10 millions ATOM each month that will go down to 300.000 ATOM each month after 3 years 27 00:03:05,300 --> 00:03:15,300 And this will affect also the total supply of ATOM, in this moment the growth of the supply follows this line that has no end 28 00:03:15,400 --> 00:03:25,300 But with the new tokenomics the supply growth will be limited to maintain ATOM supply below 100 millions ATOM 29 00:03:25,400 --> 00:03:35,300 I believe that in the long term windows this is a good improvement but in the short term window this is not very good for the holders 30 00:03:35,400 --> 00:03:43,400 Because this could lead to the ATOM price to drop. Let me know in the comments what do you think about this new tokenomics. 31 00:03:43,500 --> 00:03:55,000 The other updates will bring us more development over the base stack of Cosmos which is made up by Cosmos SDK, IBC and Tendermint 32 00:03:55,100 --> 00:04:04,800 So on top of this stack will be implemented the Interchain Security which I already covered in a video of few weeks ago (link in the description) 33 00:04:04,900 --> 00:04:18,000 In addition we'll have also more liquid staking solution and this will increase the intrinsic value of ATOM because you'll be able to use it also while the asset is maintaining the network safe 34 00:04:18,100 --> 00:04:25,900 So, in my opinion, both the interchain security and also the liquid staking are bullish factor for the new ATOM 35 00:04:26,000 --> 00:04:38,800 Speaking of interchain security we know that this term refers to the possibility of Cosmos Hub validators to keep safe others network that has no validators set 36 00:04:38,900 --> 00:04:46,600 This is for sure another advantage for ATOM stakers because they will receive also the rewards of the chain validated by Cosmos Hub validators 37 00:04:46,700 --> 00:04:52,700 In this regard during the Cosmoverse event one of the Osmosis's Co-Founders spoke about the Mesh Security 38 00:04:52,800 --> 00:04:58,400 That is an evolution of the Interchain Security concept and as you can see in this image 39 00:04:58,500 --> 00:05:06,100 The mesh security will let every validators to operate in any network of the Cosmos ecosystem 40 00:05:06,200 --> 00:05:13,800 So for example Cosmos Hub's validators will be able to validate Osmosis network and also Osmosis's validators will be able to validate Cosmos Hub 41 00:05:13,900 --> 00:05:18,700 This will increase the security of the whole ecosystem 42 00:05:18,800 --> 00:05:26,300 The last stack that will be implemented following the whitepaper will be this one including Interchain Scheduler and Interchain Allocator 43 00:05:26,400 --> 00:05:36,600 This can be a little complicate to understand but I can say that the scheduler goal is to monetize IBC success 44 00:05:36,700 --> 00:05:45,600 So from the IBC transfers and also from the others txs. Indeed the goal is to monetize the block's space through some bots(MEV) that orders the txs in a particular way 45 00:05:45,700 --> 00:05:53,100 For example if we see a transaction that is buying 10 million ATOM with USDC 46 00:05:53,200 --> 00:06:02,000 And we put an order buy before this transaction we can exploit the increased price that this transaction will cause to make a secure profit 47 00:06:02,100 --> 00:06:08,000 As long as we spend less in fees than the profit of the operation 48 00:06:08,100 --> 00:06:16,500 A portion of this profits made through the Scheduler will flow into the Allocator that basically will be a pool 49 00:06:16,600 --> 00:06:23,900 That has the goal to support the new projects of the Cosmos ecosystem that should contribute to another growth of the IBC adoption 50 00:06:24,000 --> 00:06:32,600 Although these concepts are interesting, they were not explained very well in the whitepaper so we await new developments 51 00:06:32,700 --> 00:06:37,500 Though there are future implementations after Interchain Security and Liquid staking 52 00:06:37,600 --> 00:06:46,100 Well, I think that we've covered the main asapects of this whitepaper for ATOM 2.0 but let's summarize these concepts 53 00:06:46,200 --> 00:06:53,300 Cosmos will be 100% focused on the Interchain Security and ATOM will become a reserve currency for the entire ecosystem 54 00:06:53,400 --> 00:06:58,200 So I have a positive opionions about all of these changes 55 00:06:58,300 --> 00:07:08,000 I only don't like the tokenomics at the beginning where in the first 10-12 months ATOM will have an higher inflation than the current one 56 00:07:08,100 --> 00:07:12,200 Of course let me know also your thoughts about this ATOM 2.0 in the comments below 57 00:07:12,300 --> 00:07:20,600 Another big news dropper by Circle (USDC emittent) in a different event outside the Cosmoverse 58 00:07:20,700 --> 00:07:28,900 Is that Circle is planning to launch its service in many other chains before the end of the year as you can see 59 00:07:29,000 --> 00:07:35,000 Indeed we'll find the offical USDC in Arbitrum, Optimism, Near and Polkadot 60 00:07:35,100 --> 00:07:43,200 And also in Q1 2023 Cirlce has planned to launch USDC in Cosmos thanks to the interchain security 61 00:07:43,300 --> 00:07:53,800 So Circle will deploy a consumer chain that will be validated by Cosmos validators then ATOM stakers will also get USDC rewards 62 00:07:53,900 --> 00:08:01,900 This is one of the main benefits of the interchain security indeed, ATOM stakers will receive all the rewards from all the chains validated by the Cosmos Hub 63 00:08:02,000 --> 00:08:09,900 Well, now that we've seen all the updates from ATOM let's see the new updated roadmap of Polkadot 64 00:08:10,000 --> 00:08:17,900 Starting from the asynchronus backing concept that will improve the performance of the parachains 65 00:08:18,000 --> 00:08:30,300 By reducing the block time, improving the space block and also introducing a re-utilization of the block in case it was not immediately included in the relay chain 66 00:08:30,400 --> 00:08:39,200 Then we'll have the implementations of the parathreads, we already covered this topic in the video about Polkadot released some weeks ago 67 00:08:39,300 --> 00:08:50,200 A parathread is a blockchain ready to use that unlike a parachain it doesn't have to win a slot and block its DOT for 96 weeks 68 00:08:50,300 --> 00:09:01,000 So this solution is far more affordable to all that projects that want to start build and test over Polkadot 69 00:09:01,100 --> 00:09:08,500 And this may lead to re-activate the interest on Polkadot because new projects will come and hopefully also new users 70 00:09:08,600 --> 00:09:18,500 Another update is the new XCM V3 that is the same protocol as IBC so is the protocol that let you transfer assets between parachains 71 00:09:18,600 --> 00:09:27,700 In this V3 the bridging will be optimize by reducing the fees and uniforming the API between the parachains 72 00:09:27,800 --> 00:09:36,200 We'll also see an update in the governance that will let votes and referendum far more permissionless 73 00:09:36,300 --> 00:09:42,300 Because all the governance's processes will be bring on chain 74 00:09:42,400 --> 00:09:51,500 This governance V2 will be test on Kusama before the end of the year, then we'll see when it will be integrate on Polkadot as well 75 00:09:51,600 --> 00:09:56,400 There will also be the creation of the bridge hub created by the team behind CommonGood Parahchains 76 00:09:56,500 --> 00:10:03,700 They want to unify all the good works done by some parachains in with reference to bridging 77 00:10:03,800 --> 00:10:10,900 And also this unified solution should be available by the end of the year 78 00:10:11,000 --> 00:10:20,500 Polkadot has finally put the focues on the UX and they started to develop a staking dashboard (currently in beta) 79 00:10:20,600 --> 00:10:30,000 As you can see this dashboard is far more easy to understand unlike Polkadot.js for example, it's more like other solutions that we can find in other chains 80 00:10:30,100 --> 00:10:37,700 With an easy interface where we can easily find what we need and with all of these polkadot's wallet available to connect 81 00:10:37,800 --> 00:10:44,800 Here is the wallet list that we can connect to this dapp 82 00:10:44,900 --> 00:10:55,200 So as you can see also Polkadot should receive a great update pack that could bring more interest into this ecosystem 83 00:10:55,300 --> 00:11:07,100 In my opinion Cosmos is positioned a little better, is further along in development and he has gained a lot of traction in 2022 84 00:11:07,200 --> 00:11:13,900 But with all of these updates also Polkadot could fill the gap in utilization that I see comparing to Cosmos 85 00:11:14,000 --> 00:11:22,600 So let's see which chain will be the most adopted, I have to say the truth I'm holding both projects 86 00:11:22,700 --> 00:11:29,300 Third and last ecosystem that we'll cover in this video is the Cronos chain by Crypto.com 87 00:11:29,400 --> 00:11:37,200 Because just today they have released the plan on what to do in the next 12 months 88 00:11:37,300 --> 00:11:48,000 The first update was already completed and was the moving out from "beta" for their chain, then Cronos Labs have set two major goal 89 00:11:48,100 --> 00:11:58,600 Improve the chain scalability in order to bring the new billions users of the web3 that could happen soon 90 00:11:58,700 --> 00:12:08,400 And this point will be possibile by upscaling the performance of the Cronos chain and keep working on the integration with Crypto.com and its DeFi Wallet 91 00:12:08,500 --> 00:12:22,200 They will also keep working with new projects that want to build on the Cronos chain in order to be a more suistainable environment for DeFi, NFT, Web3 and Gaming 92 00:12:22,300 --> 00:12:29,500 This improvement of the Cronos chain will happen in two phases and the first focus on protocol and database scaling 93 00:12:29,600 --> 00:12:37,600 But first take a look on what they have already achieved, like I said before the Cronos chain is not in beta anymore 94 00:12:37,700 --> 00:12:45,100 They have incremented the block space so scalability has been increased and they also improve the nodes performance 95 00:12:45,200 --> 00:12:57,400 They have also integrate a dynamic system for the fees, and Cronos chain has become carbon neutral that is a positive thing in relation of the ESG factors 96 00:12:57,500 --> 00:13:08,300 As they said all of these achievements has already improved the UX for the Cronos chain but they think that they can improve the performance also more 97 00:13:08,400 --> 00:13:15,000 First of all they want to prioritize the mempool by considering the piority fee 98 00:13:15,100 --> 00:13:27,100 They're considering to further increase the size of the block, this may also lead to better creation logic of the block and to a reduction of the block time 99 00:13:27,200 --> 00:13:34,300 They want to improve the storage in order to make more easy to the nodes to host the blockcahin history 100 00:13:34,400 --> 00:13:43,200 They want to improve JSON-RPC endpoints in order to bring more developers to the Cronos chain 101 00:13:43,300 --> 00:13:50,100 They want to reduce the startup time of a node and they also want to integrate some concept from Cosmos 102 00:13:50,200 --> 00:14:00,200 Like the interchain accounts, the IBC incentives like Scheduler-Allocator thing and the improvements of Tendermint 103 00:14:00,300 --> 00:14:09,100 After that there will be a phase 2 for protocol and database scaling and here they want to keep the support for the EVM 104 00:14:09,200 --> 00:14:21,900 This for let more developers to work easily in the Cronos chain, that will also be more efficient as we have say for phase 1, and they will also supports open source projects 105 00:14:22,000 --> 00:14:26,800 These milestones will be achievied thanks to 2 other integrations like the Cronos rollups 106 00:14:26,900 --> 00:14:34,800 That are not other L2 on top of Cronos, they will be designed to solve specific app use 107 00:14:34,900 --> 00:14:39,700 And after that they will bring up to life Cronos Next Level 108 00:14:39,800 --> 00:14:50,900 That want to take over the EVM bottlenecks by parallelized execution of smart contracts and increase the storage efficiency thanks to modularity 109 00:14:51,000 --> 00:15:01,600 This development are still very early and they're planned for phase 2 as we said, so we'll wait how the phase 1 goes in order to see when these updates will be implemented 110 00:15:01,700 --> 00:15:08,500 After that there will be further updates for example in connection with other ecosystems 111 00:15:08,600 --> 00:15:17,000 But I think that I have said enough about this Cronos 2.0 and you can find this medium article in the description 112 00:15:17,100 --> 00:15:20,000 So you can deep dive autonomously into this topics 113 00:15:20,100 --> 00:15:27,000 Well I think that I have said everything for this cryptofriday, I hope that you'll find this content interesting and helpful 114 00:15:27,100 --> 00:15:33,500 If so leave a like and don't forget to subscribe. See you on telegram or at the next video. Bye!