Cosmos is considered a promising project in the cryptocurrency space due to its suite of developer-friendly tools. It has its own blockchain protocol, Tendermint, which allows for fast and easy blockchain creation. Additionally, the Cosmos SDK provides a framework for building decentralized applications (dApps). The Inter-Blockchain Communication (IBC) protocol is also a key feature of Cosmos, allowing different blockchains to communicate and connect with each other.
Many different blockchain projects, such as Binance Smart Chain (BSC), dYdX, and Osmosis, are using Cosmos to build their own blockchains.
The Cosmos ecosystem is also at the forefront of innovative technology in the crypto space, such as the ability for one blockchain to delegate its validators to another in their network, making new blockchains more secure and stable, and providing validators with more opportunities to earn rewards.
Overall, Cosmos is seen as a strong competitor to Ethereum and has the potential to expand the blockchain ecosystem in a more effective and efficient way Show Less
