Ethan Buchman

Cosmos is an ecosystem of independent parallel chains and tools for creating interoperable blockchains.

In 2014, computer scientist Jae Kwon developed Tendermint, an open-source blockchain launching software. The Cosmos network was launched through the Interchain Foundation (ICF) support with the core of the Tendermint consensus algorithm.

Cosmos blockchain was developed to enable communication between distributed blockchains without relying on a centralized server. Its whitepaper was published in 2016, and the network was soon called the Internet of Blockchains by its founders. 

Cosmos network functions using BFT consensus algorithms along with Tendermint consensus, which powers each blockchain in the Cosmos. Tendermint BFT is a proof-of-stake (PoS) consensus algorithm that powers Cosmos SDK (software development kit) and Cosmos Hub. BFT (Byzantine fault tolerance) is a consensus algorithm of a distributed network that reaches consensus even when some of the network’s nodes fail to respond. 

Cosmos

Osmosis is a decentralized exchange that leverages the Cosmos SDK to enable seamless interoperability with different blockchains/

Osmosis is a decentralized exchange for an ecosystem of sovereign and interoperable blockchains all connected trustlessly over the Inter-Blockchain Communication Protocol. In addition, Osmosis supports integration with non-IBC blockchains like Ethereum and Polkadot.

Originally based on Balancer-style pools, Osmosis is moving to a more sustainable concentrated liquidity model that provides a superior trading and liquidity provision experience. It has greater control over the full blockchain stack than DEXs which must follow the code of a parent chain. This fine-grained control has enabled, for example, the development of Superfluid Staking, an improvement to Proof-of-Stake security. 

Superfluid staking allows the underlying OSMO in an LP position to add to chain security and earn staking rewards for doing so. The customizability of appchains also allows for the development of a transaction mempool shielded with threshold encryption, which will greatly reduce harmful MEV on Osmosis.

Ethan Buchman

Cosmos. Co-Founder(1 more)

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Cosmos (Co-Founder)

Osmosis (Co-Founder and CTO)