2024: The Cosmos year of rollup integration and modularity

The ‘internet of blockchains’ listed a series of next year’s priorities in a lengthy developer-focused document

article-image

Satheesh Sankaran/Shutterstock modified by Blockworks

share

The Interchain Foundation, a non-profit focused on Cosmos adoption, released a 2024 roadmap previewing next year’s goals for the so-called internet of blockchains.

The 50-page document primarily discusses Cosmos’ focus on blockchain modularity and interoperability. It also makes multiple references to Ethereum rollups. The ecosystem aims to attract developers who are disappointed with the constraints of layer-2 solutions, with the roadmap itself meant as an onboarding tool. By publicizing its vision, the Interchain Foundation hopes to spark greater enthusiasm about the future of Cosmos.

Cosmos is a network of interoperable blockchains, meaning different protocols in the network can communicate and transact with each other without having to wrap tokens. Several infrastructural protocols in the Cosmos network contributed to the Interchain Stack Roadmap — and seem to have their sights set on Ethereum-based developers in 2024. 

Cosmos’ Inter-Blockchain Communication protocol, or IBC, said its “main priority […] is to expand the reach of IBC to [zero-knowledge] and optimistic rollup frameworks.” 

Cosmos’ Software Developer Kit, or SDK, claims Cosmos presents developers with greater customizability compared to Ethereum and its rollups. This is due to Cosmos’ flexibility, which comes in part from its modularity, or separation of blockchain functions. Still, Cosmos admits that its modularity toolkit has room to grow in 2024.

Cosmos software is currently “modular in theory, but in practice, it is challenging to swap and/or modify items,” Cosmos SDK wrote.

Maria Gomez, the Interchain Foundation’s managing director, told Blockworks that Cosmos has struggled to market itself to developers without a native token to create financial incentive for adoption. But compelling narratives drive adoption too, and Gomez hopes the 2024 roadmap will hit developers’ imaginations like Ethereum roadmaps have.

“In Ethereum, Vitalik comes with a roadmap, and even if that roadmap doesn’t happen, everybody gets excited around those things and conversations start to happen. And that’s what we were missing,” Gomez said.

Cosmos’ foundational blockchain, the Cosmos Hub, has seen 660 changes to its code in September. This marks an increase in developer activity from July and August, according to data compiled by Token Terminal.

Tags

Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

recent research

Research Report Templates (1).png

Research

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

article-image

Crypto’s Wild West era is over — it’s time to embrace regulation to secure the future of digital assets

article-image

Plus, Solana has now surpassed Ethereum in trailing 30-day decentralized exchange volume

article-image

Polymarket betters say Kamala Harris has better odds than Biden of winning against Trump

article-image

Bitcoin’s down Tuesday, while ETH-correlated assets like ENS and ARB see growth

article-image

Plus, let’s check on the nine ether ETFs now trading on US exchanges