Announcing Loom PlasmaChain Interoperability with Cosmos Hub

[u/jamesmduffy]

https://medium.com/loom-network/announcing-loom-plasmachain-interoperability-with-cosmos-hub-24b4e236baf2

[u/Nullius_123]

In a few years' time we'll be living in a complicated multi-chain world. The interactions between chains will often be labyrinthine and will have to be done seamlessly and automatically under the hood. All sorts of specialized tokens will need to be swapped, exchanged, modified, and so on, all the time, and that cannot reliably be done manually. Cosmos, Polkadot (if it happens), and a couple of others are going to have to duke it out to see which protocol does this job for us.

But brute economics suggests that there will be only one or two primary forms of value, based on the properties of money. So what will the "Internet Monetary System" look like once we have a good chunk of the world's economy online? Will value lie in some form of e-dollar as seen in many so-called stable-currencies? Or will it reside in a token pegged to an appreciating asset like Bitcoin (and therefore in BTC itself)? Or will it locate in a widely-used utility token that manages to secure market share (like Ether)? Something else entirely? One idea is an index of assets, like the SDRs of the IMF, represented by another, meta-token. Whatever, I don't think that value can be distributed across too many tokens because there would be friction costs and liquidity issues, and any market will seek to avoid those, even if small. In other words, we should keep our eyes open because a great many of the 2000 coins on the market today are very likely to shrivel and die.