Cosmos is one of the Ethereum competitors with one of the best market capitalizations. However, it has failed to draw much attention to itself and is losing the popularity contest and capital to other so-called “Ethereum killer” networks such as Cardano , Solana and Tron .
Cosmos had its launch in 2019 and was developed to be an ecosystem where multiple networks can talk to each other, as well as overcome the scalability and interoperability problems that affect many cryptocurrencies, including Bitcoin and its rivalThe cryptocurrency is built around a hub-based architecture, where each hub is an independent blockchain that acts as a bridge between other networks.
On the altcoin network, appchains can create their own logic, which makes ATOM unnecessary since this technology runs its sovereign blockchain instead of a smart contract implemented on another chain. Moreover, the ATOM community is far removed from the supporters of other ETH rivals such as Solana and Cardano. The community around it is very important for a cryptocurrency because, without it, hardly any project — even a serious one like Cosmos — can survive.Without being able to attract more of an audience to itself, the cryptocurrency may continue to lose ground not only to smart contract platforms but also to altcoins with no real value proposition, such as Dogecoin and Shiba Inu .No.
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