Hi guys and welcome to this new video!

We can't say that this bear market is boring and this video will show you why

Indeed we'll cover all the updates from 3 big ecosystem in crypto like Cosmos, Polkadot and Cronos Chain

That said press the like button to start and don't forget to subscribe!

I'd like to start from coinmarketcap just to see that there no huge differences since last 7 days

With Bitcoin traded around 19.000$ and Ethereum traded around 1300$

Because of the topics of this cryptofriday I'd also check the situation on the 3 tokens that we'll talk about

That at the momenth is 11th in the coinmarketcap rank and worth around 6.50$

With a 7 billions and 270 millions dollar of market cap

After that we have ATOM that worths more or less 13$ with a market cap that is the half of polkadot ones that is 3.7 billions $

Last of these 3 tokens is Crypto.com that is just above 0.10$ and its market cap is around 2.8 billions $

I wanted to make this recap of these 3 projects so that after you hear the updates

You can assess whether these assets are undervalued, which would give you an advantage in the event of a bullish market return

So let's start from Cosmos considering that this week we had the Cosmoverse, one of the biggest events about Cosmos

One of the main news released during this event that has been hosted in Medellin is the ATOM 2.0 whitepaper

In order to summarized the first part of the whitepaper talks about what is Cosmos and what it has achieved so far

Indeed Cosmos has already completed its goals set at the beginning of its journey in 2016

Tha base stack of Cosmos is fully working and it includes the Cosmos SDK, the IBC that is the protocol that let you transfer assets between Cosmos chains

And also the integration of Tendermint that is the consensus algorithm

So let's deep dive into what will be the future challenges of Cosmos and what will change in the ecosystem

Starting from the tokenomics of ATOM we can see that they have changed the token emission's model

Indeed as you can see we shift from a linear growth system that is currently in use for the emission of new ATOM

But they want to turn the emission's model inversely proportional to the passage of time

So at the beginning there will be an higher inflation rate than the current one

And then over the next 36 months this inflations will do down until it reaches the rate of 0.1%

The emission will start at 10 millions ATOM each month that will go down to 300.000 ATOM each month after 3 years

And this will affect also the total supply of ATOM, in this moment the growth of the supply follows this line that has no end

But with the new tokenomics the supply growth will be limited to maintain ATOM supply below 100 millions ATOM

I believe that in the long term windows this is a good improvement but in the short term window this is not very good for the holders

Because this could lead to the ATOM price to drop. Let me know in the comments what do you think about this new tokenomics.

The other updates will bring us more development over the base stack of Cosmos which is made up by Cosmos SDK, IBC and Tendermint

So on top of this stack will be implemented the Interchain Security which I already covered in a video of few weeks ago (link in the description)

In addition we'll have also more liquid staking solution and this will increase the intrinsic value of ATOM because you'll be able to use it also while the asset is maintaining the network safe

So, in my opinion, both the interchain security and also the liquid staking are bullish factor for the new ATOM

Speaking of interchain security we know that this term refers to the possibility of Cosmos Hub validators to keep safe others network that has no validators set

This is for sure another advantage for ATOM stakers because they will receive also the rewards of the chain validated by Cosmos Hub validators

In this regard during the Cosmoverse event one of the Osmosis's Co-Founders spoke about the Mesh Security

That is an evolution of the Interchain Security concept and as you can see in this image

The mesh security will let every validators to operate in any network of the Cosmos ecosystem

So for example Cosmos Hub's validators will be able to validate Osmosis network and also Osmosis's validators will be able to validate Cosmos Hub

This will increase the security of the whole ecosystem

The last stack that will be implemented following the whitepaper will be this one including Interchain Scheduler and Interchain Allocator

This can be a little complicate to understand but I can say that the scheduler goal is to monetize IBC success

So from the IBC transfers and also from the others txs. Indeed the goal is to monetize the block's space through some bots(MEV) that orders the txs in a particular way

For example if we see a transaction that is buying 10 million ATOM with USDC

And we put an order buy before this transaction we can exploit the increased price that this transaction will cause to make a secure profit

As long as we spend less in fees than the profit of the operation

A portion of this profits made through the Scheduler will flow into the Allocator that basically will be a pool

That has the goal to support the new projects of the Cosmos ecosystem that should contribute to another growth of the IBC adoption

Although these concepts are interesting, they were not explained very well in the whitepaper so we await new developments

Though there are future implementations after Interchain Security and Liquid staking

Well, I think that we've covered the main asapects of this whitepaper for ATOM 2.0 but let's summarize these concepts

Cosmos will be 100% focused on the Interchain Security and ATOM will become a reserve currency for the entire ecosystem

So I have a positive opionions about all of these changes

I only don't like the tokenomics at the beginning where in the first 10-12 months ATOM will have an higher inflation than the current one

Of course let me know also your thoughts about this ATOM 2.0 in the comments below

Another big news dropper by Circle (USDC emittent) in a different event outside the Cosmoverse

Is that Circle is planning to launch its service in many other chains before the end of the year as you can see

Indeed we'll find the offical USDC in Arbitrum, Optimism, Near and Polkadot

And also in Q1 2023 Cirlce has planned to launch USDC in Cosmos thanks to the interchain security

So Circle will deploy a consumer chain that will be validated by Cosmos validators then ATOM stakers will also get USDC rewards

This is one of the main benefits of the interchain security indeed, ATOM stakers will receive all the rewards from all the chains validated by the Cosmos Hub

Well, now that we've seen all the updates from ATOM let's see the new updated roadmap of Polkadot

Starting from the asynchronus backing concept that will improve the performance of the parachains

By reducing the block time, improving the space block and also introducing a re-utilization of the block in case it was not immediately included in the relay chain

Then we'll have the implementations of the parathreads, we already covered this topic in the video about Polkadot released some weeks ago

A parathread is a blockchain ready to use that unlike a parachain it doesn't have to win a slot and block its DOT for 96 weeks

So this solution is far more affordable to all that projects that want to start build and test over Polkadot

And this may lead to re-activate the interest on Polkadot because new projects will come and hopefully also new users

Another update is the new XCM V3 that is the same protocol as IBC so is the protocol that let you transfer assets between parachains

In this V3 the bridging will be optimize by reducing the fees and uniforming the API between the parachains

We'll also see an update in the governance that will let votes and referendum far more permissionless

Because all the governance's processes will be bring on chain

This governance V2 will be test on Kusama before the end of the year, then we'll see when it will be integrate on Polkadot as well

There will also be the creation of the bridge hub created by the team behind CommonGood Parahchains

They want to unify all the good works done by some parachains in with reference to bridging

And also this unified solution should be available by the end of the year

Polkadot has finally put the focues on the UX and they started to develop a staking dashboard (currently in beta)

As you can see this dashboard is far more easy to understand unlike Polkadot.js for example, it's more like other solutions that we can find in other chains

With an easy interface where we can easily find what we need and with all of these polkadot's wallet available to connect

Here is the wallet list that we can connect to this dapp

So as you can see also Polkadot should receive a great update pack that could bring more interest into this ecosystem

In my opinion Cosmos is positioned a little better, is further along in development and he has gained a lot of traction in 2022

But with all of these updates also Polkadot could fill the gap in utilization that I see comparing to Cosmos

So let's see which chain will be the most adopted, I have to say the truth I'm holding both projects

Third and last ecosystem that we'll cover in this video is the Cronos chain by Crypto.com

Because just today they have released the plan on what to do in the next 12 months

The first update was already completed and was the moving out from "beta" for their chain, then Cronos Labs have set two major goal

Improve the chain scalability in order to bring the new billions users of the web3 that could happen soon

And this point will be possibile by upscaling the performance of the Cronos chain and keep working on the integration with Crypto.com and its DeFi Wallet

They will also keep working with new projects that want to build on the Cronos chain in order to be a more suistainable environment for DeFi, NFT, Web3 and Gaming

This improvement of the Cronos chain will happen in two phases and the first focus on protocol and database scaling

But first take a look on what they have already achieved, like I said before the Cronos chain is not in beta anymore

They have incremented the block space so scalability has been increased and they also improve the nodes performance

They have also integrate a dynamic system for the fees, and Cronos chain has become carbon neutral that is a positive thing in relation of the ESG factors

As they said all of these achievements has already improved the UX for the Cronos chain but they think that they can improve the performance also more

First of all they want to prioritize the mempool by considering the piority fee

They're considering to further increase the size of the block, this may also lead to better creation logic of the block and to a reduction of the block time

They want to improve the storage in order to make more easy to the nodes to host the blockcahin history

They want to improve JSON-RPC endpoints in order to bring more developers to the Cronos chain

They want to reduce the startup time of a node and they also want to integrate some concept from Cosmos

Like the interchain accounts, the IBC incentives like Scheduler-Allocator thing and the improvements of Tendermint

After that there will be a phase 2 for protocol and database scaling and here they want to keep the support for the EVM

This for let more developers to work easily in the Cronos chain, that will also be more efficient as we have say for phase 1, and they will also supports open source projects

These milestones will be achievied thanks to 2 other integrations like the Cronos rollups

That are not other L2 on top of Cronos, they will be designed to solve specific app use

And after that they will bring up to life Cronos Next Level

That want to take over the EVM bottlenecks by parallelized execution of smart contracts and increase the storage efficiency thanks to modularity

This development are still very early and they're planned for phase 2 as we said, so we'll wait how the phase 1 goes in order to see when these updates will be implemented

After that there will be further updates for example in connection with other ecosystems

But I think that I have said enough about this Cronos 2.0 and you can find this medium article in the description

So you can deep dive autonomously into this topics

Well I think that I have said everything for this cryptofriday, I hope that you'll find this content interesting and helpful

If so leave a like and don't forget to subscribe. See you on telegram or at the next video. Bye!