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File: 213 KB, 940x529, Binance on Cosmos Tendermint.png [View same] [iqdb] [saucenao] [google]
15011059 No.15011059 [Reply] [Original]

Is Cosmos the next generation of blockchain tech? I was researching SENTinel and wanted to learn more about Cosmos hubs and zones, and I noticed that the Binance DEX is built on the same tech. Will Cosmos/Tendermint flip ETH for the dominant blockchain ecosystem?

>> No.15011099
File: 11 KB, 964x107, why?.png [View same] [iqdb] [saucenao] [google]
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>>15011059
https://blog.chorus.one/top-5-projects-building-on-cosmos/

https://info.binance.com/en/research/ATOM-2019-4-28.html

https://forum.cosmos.network/t/list-of-projects-in-cosmos-tendermint-ecosystem/243/9

more then 80 projects are switching from ethereum to cosmos get in before the ride starts

>> No.15011118

Sentinel will be offering mixer services to binance chain and all tendermint ecosystem, imagine the huge volume going through sentinel chain

>> No.15011217
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>>15011118
Wait, Binance will be able to link to the SENT hub mixer? Does this explain the recent pump??

>> No.15011255

SENT bros will be millionaires EOY

>> No.15011308

>>15011059
this is the whole point of the SENT hype.
SENT will be the privacy layer and since most people in crypto can agree that privacy is needed almost all coins/services etc will go through the Sentinel Hub

>> No.15011375

>>15011217
You are not thinking big enough sentinel will become the most liquid and fast BTC mixer

>> No.15011559
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>> No.15011743

>>15011375
How will Cosmos be able to mix BTC?

>> No.15011755
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>> No.15011892

>>15011743
sentinel will have a 2 way peg to btc thanks to IBC and schnorr signatures, the btc gets moved to sentinel chain and there the zksnark mixing can happen

>> No.15011921

>>15011892
>And then thor appears.

>> No.15011969

>>15011921
thorchain has built the first 2 way decentralized peg to ethereum blockchain

>> No.15012197

>Is Cosmos the next generation of blockchain tech?
Yes. All the shitcoins will fall.

>> No.15012235

>>15011059
Interviewed with Cosmos team at end of last year

Total waste of time, no one has any clue what they are doing

Tendermint could make a decent generalized consensus for helping others build their own blockchains, but Cosmos is complete ass, stay away

>> No.15012279
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15012279

yes sirs cosmos chinks and sentinel indians blockchain global domination with just erc token
big vishnu

>> No.15012600
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>>15011892
So all hubs on Cosmos can be interoperable with any token or coin?? That makes sense why Binance would use this for their DEX.

>> No.15012637

>>15012600
Binance is in trouble, they are in danger of losing upwards of 80% of their business.

>> No.15012682

>>15012279

Get ready to get raped faggot, choose the position.

1. dVPN just one of the zones of the Sentinel hub, others will be dChat etc. Using Cosmos/Tendermint technology like Facebook Libra and Binance chain

2. Token swap soon from ERC20 to native staking SENT token like ATOM in Sentinel hub

3. It has connection, because the mainnet will be the Sentinel hub using tendermint/cosmos SDK tech supporting many zones, the first one the dVPN allowing for scaling of users and nodes of the dVPN

4. No one is being paid to shill here, do you think I'm a pajeet? Refute anything I'm saying and I will rape you again, you are the pajeet

5. Wait for Binance and all top exchanges after mainnet in a few months. ATOM, IRIS, TERRA listed for free in Binance and all top exchanges, SENT wont be any difference since exchanges are very happy earning staking rewards from these typo of staking tokens

>> No.15012699

>>15012600
yeap thast the reason also cosmos has instant finality that allow final trades without risks of rollback

>> No.15012700

>>15012235

Tendermint is the consensus, they provide the cosmos SDK that Sentinel hub is using and also IBC for interoperability that will be ready very soo

CZ of Binance and Facebook Libra are not mistaken, they chose tendermint/cosmos tech

>> No.15012944
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>>15012682

>> No.15013052

>>15012235
Link to interview? Their team seemed legit.

>> No.15013120

>>15012944

Yes, sent condom is the best LOL

>> No.15013152

>>15012235
This pretty much. If you want to take chances don't go for something that has already so much hype.

What do you smart people think of https://pocketnet.app/video
I can't understand why so many shill for PI which is a MLM but not something can get you good coins now while not many people are on it.

>> No.15013423
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>>15013120

>> No.15013498

>>15011969
I was making fun off your meme buzzwords.

>> No.15013517

>>15013423
LOL

>> No.15013528

>>15013498
those are not buzzwords to people that actually research and study blockchain tech and know deeply the industry

>> No.15013877
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>> No.15014068
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>> No.15014471
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>> No.15014496

>>15013528
You sound like an autist.

>> No.15014545

>>15014471
>>15013423
These are golden, please keep making them

>> No.15014800

>>15014496
thats what hoi polloi tells the priesthood
they can't accept they are not in control of the narrative so they project their ignorance and flee from reality by insulting

>> No.15014829

Jesus you disgusting sent shillers make me sick. how much are they paying you faggots to shill this garbage?

>> No.15014851
File: 60 KB, 500x359, organic-dvpn.jpg [View same] [iqdb] [saucenao] [google]
15014851

>>15014829
you clearly didn't research the project, if you had researched you would know that its the most solid project and undervalued gem in the market
10k daily users
testnet launched the other day
cutting hedge tech
just downalod the dvpn and try it
you are just mad that you missed the pump, but you can still set up a dvpn node it doesn't require owning tokens

>> No.15015165

>>15014829
You know you can just filter it out right? I think you are just hoping for it to drop so you can finally get in. Otherwise, why would you be posting on something you are not interested in?

>> No.15015225
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>>15014851
I did research it. Shit sucks no one will use it.
>>15015165
This is a paid shill pump and dump fuck off. When this drops, I won't be buying because it will never recover.

>> No.15015715

>>15015225
Sent is a true cypherpunk project. Not for everybody. Continue using centralized VPNs and having your data sold and shared with governments.

>> No.15016026

>>15011059
Cosmos is absolutely worthless, atoms are only used on the "main" chain, which is supposed to be used for communication.
The problem is that there's nothing that actually makes it the main chain. In fact, it's the most useless blockchain of all, because nothing else is happening on it.
The idea of a pure settlement blockchain is pure hogwash, it's something someone designed on a whiteboard to have a nice design. It's never going to happen.
Outside of that, tendermint is either a permissioned network (like binance chain) or DPoS with a bit more nodes than eg. EOS, but that's it. It's very old tech.

"Using cosmos" just means "launching a separate network with no users (and most likely fully centralized)". Good luck with that.
>>15011892
>sentinel will have a 2 way peg to btc thanks to IBC and schnorr signatures
technobabble.
What this actually means is that network operators operate the peg, it works like rootstock. It means they have full control over it.
"IBC" is a meme term that basically means both chains are able to parse and validate the block headers of the other chain. Bitcoin can't do it, which is why all bitcoin pegs require trust in the operators.
Schnorr signatures change literally nothing in this regard.

>> No.15016451

>>15016026
>Outside of that, tendermint is either a permissioned network (like binance chain) or DPoS with a bit more nodes than eg. EOS, but that's it. It's very old tech.
I can't expect validating my cryptokitty gambling game using the energy output of Switzerland to be cost efficient. PoS is fine to validate things like contract logic as long as the system is engineered correctly to discourage collusion. Collusion is also a problem in PoW btw and this way the logic for your dumb game or contract is separated from the logic that secures all money.

>> No.15016500

>>15016451
DPoS is different from real PoS, even though the name is similar.
Real PoS is supposed to allow almost everyone to stake. DPoS is unable to scale to more than low hundreds, which is why rather than rely on users running nodes in their homes it has to really on big servers in datacenters that are elected. So rather than actual "proof of stake" it becomes a political system "proof of being able to gather votes from stake" which is extremely vulnerable to cartels.

Ethereum is going to allow millions of validators of once, although in reality probably only several thousands are going to stake, which is still going to make it the most decentralized network in existence.

>> No.15016526
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>>15016026
>a contender appears

>> No.15016616

>>15016500
Tendermint isn't PoS or DPoS. There's no inherent token to stake but you can implement tokens and I think you can implement filters to which nodes can contribute to the consensus. If so you can implement PoS, DPoS and PoW if you need to.

>> No.15016650

>>15016616
>Tendermint isn't PoS or DPoS
>tendermint is either a permissioned network (like binance chain) or DPoS

>If so you can implement PoS
You can't, the consensus doesn't scale beyond low hundreds of validators. If I remember correctly the communication overhead grows quadratically with the number.
Tendermind is design from the 80s that's masquerading as something new. The difference in practical use is from more powerful hardware, not from design.

>> No.15016659

>>15016650
>Tendermind
tendermint*

>> No.15016874

>>15016650
>If I remember correctly the communication overhead grows quadratically with the number.
Whitepaper says there are validator filters that can implement PoS. You could switch between validators so every node is participating but for any one transaction only a few dozen are used.

>> No.15016887

>>15016874
>for any one transaction only a few dozen are used.
Each block is generated by only one validator/miner regardless of the protocol.
The communication complexity comes from trying to agree to a common state, as in, what blocks are considered confirmed

>> No.15016904

Cosmos ico hodlers x65.
Eth is a mess.
Jae kwon invented PoS.
Binanace involved
Hmmm

>> No.15016984

>>15016887
The nodes that run the consensus algorithm are referred to as validators in tendermint docs and they implement PoS exactly as I predicted through filters. You don't need every connected node to validate that every proposed state change is valid to get a benefit from more nodes.

>> No.15017041
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>>15016984
What I wrote is the reason cosmos only started with 100 validators with "maybe" 300 some day.
Cosmos has no sharding so every node executes every transactions, but that's not the problem. 2/3 of active validators must vote on every block to finalize it.
>Two stages of voting are required to successfully commit a block; we call them pre-vote and pre-commit. A block is committed when more than 2/3 of validators pre-commit for the same block in the same round.
https://tendermint.com/docs/introduction/what-is-tendermint.html#consensus-overview

Sharding is a completely separate issue from consensus. Consensus mechanism is how validators agree to common state, but that "state" can be just a hash. How transactions are executed is on a different abstraction level.

>> No.15017095

>>15017041
>2/3 of active validators must vote on every block to finalize it.
And the code can change what nodes are considered active validators.

>> No.15017126

>>15017095
That only means you have less validators but they change. Exactly like eos with its 21st random bp, it's still dpos with 21 nodes. Ethereum 2.0 design can have millions at once.

>> No.15017322

>>15011308
>''privacy layer''
Is this somenthing lie Enigma?

>> No.15017323

>>15017126
It's not dpos or pos and a naive random filter is not the same as dpos with 21 nodes. With the random filter you have to have enough collusion among all (millions if you want) of the nodes for your cartel to reach 2/3rds and the nodes can be filtered or weighted based on token balance (PoS), votes from token holders (dPoS), past behaviour etc.

>> No.15017340

>>15017323
Stop bumping your shit threads, why don't you tell everyone there is a token swap soon and that no exchange plans on supporting the swapped version, the current shit liquidy is about to hit 0 kek.

>> No.15017390

>>15017340
Token? I want to use this for Doge smart contracts.

>> No.15017401

>>15017323
The security is equivalent to number of nodes that generate consensus at any time, because if at any point 2/3 of ACTIVE validators cooperate, they can completely hijack the system by censoring new validators and influencing randomness.
It's easier to see if you extend your "random filter" so that one node has full control over the consensus for a time period.
The successor is deterministic and depends on the state that's confirmed by that node. Let's say what decides is hash of blocks generated by that one node. It can iterate (proof of work in effect) over different hashes until it finds one that guarantees control remains with it, regardless of how many nodes are waiting.

>> No.15017403

>ethereum
>can have
>dpos
>sharding
Whoa someone is having a technical discussion here?
Is eth 2.0 coming along alright? will it be
backwards compatible i

>> No.15017414
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15017414

>>15017403
yes, eth1 is going to be moved in as an execution environment
>backwards compatible i
this now a candlejack thr-

>> No.15017636

>>15017401
I will find a way damn it. Doge or die, fuck Ethereum.

>> No.15017647

Can Stakenet compete with binance dex?

>> No.15017727

>>15017414
based oldfag sharing knowledge with lurkers

>> No.15018548
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>>15017403

Yes, I know when Eth 2.0 will arrive, please look at pic included with the info

>> No.15018576

>>15018548
KEK

True.

>> No.15019090 [DELETED] 

biz was a little bit better one year ago, why did it turned this way? It's not pajeet, it's that greedy got people and now everyone try to scam their own fellow NEETS
I have been scammed with TRUE coin arbing... but thanks to this board I have also found Link and silver, but now I can't see what are the scammers and what are the real projects. We have gone too far scamming each other since Holochain ICO.. fucking boomers.
I clearly remember... that fucking Holochain period gave the start to IDEX shilling, and this is absolute disgusting

LINK was not this.
LINK was assblaster, breadcrumbs, serious discussion, super funny memes...
FANTOM, Holochain, SENT, VIDT, LIT they seem all pump and dump stocks.
It's not even ''pajeets''... they are simply greedy IDEX whales that wanna eat

>> No.15019124

biz was a little bit better one year ago, why did it turned this way? It's not pajeet, it's that greedy got people and now everyone try to scam their own fellow NEETS
I have been scammed with TRUE coin arbing... but thanks to this board I have also found Link and silver, but now I can't see what are the scammers and what are the real projects. We have gone too far scamming each other since Holochain ICO.. fucking boomers.
I clearly remember... that fucking Holochain period gave the start to IDEX shilling, and this is absolute disgusting

LINK was not this.
LINK was assblaster, breadcrumbs, serious discussion, super funny memes...
FANTOM, Holochain, SENT, VIDT, LIT they seem all pump and dump stocks.
It's not even ''pajeets''... they are simply greedy IDEX whales that wanna eat

>> No.15019201

>>15011059
> not building on ETH

Wait for UND anon, about to wipe the floor with too high market cap Cosmos.

>> No.15020136
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>> No.15020144

no one uses blockchain. stuf pajeet pnd group

>> No.15020154

>>15020144
>>15012598

>> No.15020622
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>> No.15020702

>>15013120
Pajeet english grammar yes sir

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>> No.15023589

>>15017340
source

>> No.15023909

>>15023589
buy on Bi for a 400% premium

>> No.15024466

>>15017340

The erc20 to native SENT swap will happen very soon. Native SENT token holders will be able to delegate their tokens to Sentinel hub validators and earn block rewards and also transaction fee rewards becoming like the "miners" of POW like Bitcoin for the Sentinel hub

>> No.15025703
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>> No.15026218
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So the leaders in the space like Binance and Facebook all have chosen to develop on Cosmos and Tendermint, but a bunch of retards on biz that could code a hello world think it is a scam? Kek

Sentinel developers have been working on Cosmos for years, and you honestly think SENT won’t be one of the leading projects on Cosmos?

>> No.15026506

>>15026218

hahaha yeah, CZ, binance, facebook, all are wrong having chosen tendermint/cosmos like sentinel. The bunch of retards here at biz are right YIKES lol

>> No.15026877

>>15026506
only total retards choose the best tech in the ecosystem that has been worked on from before ethereum even tought about doing pos

>> No.15027907

>>15026506
The projections of the crowd paint beautiful images of where the information asymmetry lies. Notice its hard to make money on bitcoin now ). To late.... There is no more information asymmetry left. The rubes are in. Now the boomers, and 3rd world computer illiterate capital will pump Number go up, but the average man will not make the % gains that were there from the start. The average man can't afford 10k for a Bitcoin. /biz claiming to be smarter than FB, Binance, and computer sci team developing on Cosmos is good information asymmetry. I heard /biz fuded the entire 10 year equity pump. Prob because "pajeets" were CEOs of all the American tech companies. Less money from them, is more for us anons.

>> No.15028511

>>15026665

>> No.15028627

>>15026218
It's good for a permissioned network. That's not a scam, it just means there's no way to profit on it, maybe except by trying to cash in on dumb hype.

Binance chain uses tendermint. Is there any value flow to Atom holders? No.

>> No.15029110

To anybody that is questioning Sentinel's technology and what it means on a global scale. I invite you to discuss the bigger picture here:

>>15026665
>>15027054

Any criticism of the project is welcome as long as you can formulate a coherent sentence and argument. Unfortunately, /biz/ found a great project and did what it always does: post unintelligent ramblings and useless memes. Focus on the tech and what markets it will disrupt, not the noise of those that have no brain cells between their ears.