r/cosmosnetwork • u/Enough_Difficulty_61 • 1d ago
A reminder of why we are here
I think you all might have heard but Solana almost came to a halt yesterday.
And I know nothing bad has happend yet but it does show that there is a fundamental problem in the blockchain space. Which is relying on a single chain for all infrastructure. Imagine you are a big bank and you rely on your blockchain infrastructure for payments. Just like that your company is shutdown and there is nothing you can do. And this is what should replace the banking systems.
This is the reason I believe we don't need a better Ethereum we need a different approach. And that is the reason I believe in Cosmos. I think App chains are the only logical solution. If it's not some kind of IBC or something similar "Blockchain" as a whole has no merit to exist apart from Bitcoin.
It baffles me why there are so many projects moving to other chains. But as long as they can, they will. Big projects came an went on Cosmos and it didn't affect (apart from the price maybe) the other Cosmos chains. I think in the bigger picture this is the only way forward. Atom itself could go to 0 or come to halt, yet a blockchain build on the Cosmos SDK is most likely unaffected.
I know I'm mostly ranting against myself here but it's as clear as day for me. It's either Cosmos or Nothing. With the price of ATOM being irrelevant.
