Finding Our Place in the Cosmos: From Stellar to NeptuneCoin and Beyond
The invention of the blockchain played an important role in advancing our understanding of distributed computing. Bitcoin is currently the most popular distributed computing application, as it simplifies many aspects of the traditional financial system, such as transferring money across the world.
Here are few more important blockchains:
- Ethereum provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM) with a scripting functionality (smart contracts). This virtual machine can execute Turing-complete scripts using an international network of public nodes and a token called ether.
- Ripple provides secure, instant and nearly free global financial transactions of any size with no chargebacks. Ripple protocol has been increasingly adopted by banks and payment networks as settlement infrastructure technology. In other words, an alternative choice to SWIFT.
- Dash, Zcash, Monero, LiteCoin, a.k.a dark coin. These projects aims to provide enhancement to Bitcoin through anonymity, liquity, etc.
- Factom provides a distributed mechanism to lock in data, making data verifiable and independently auditable. This simple function is extremely powerful when applied to business transactions and processes. Factom enables people and businesses to use a mathematically provable “notarization” service.
- Golem has created a peer-to-peer computation sharing platform on the Ethereum blockchain, which it dubs ‘Airbnb for computers.’ Golem enables application owners and individual users to rent the computing resources of other users and pay for it directly in cryptocurrency.
As of early 2017, there are more than 700 of public blockchains launched. Each of these blockchains in itself is like a galaxy, a self-contained and self-organizing network. There are dark galaxies such as Zcash, Dash and LiteCoin, that provide anonymity as an alternative way to Bitcoin. There is no “one size fits all” with blockchains. But there are still lingering questions. Is there a need for Intergalactic travel ? Is it even possible? How much effort to build such mechanism?
Galileo discover Cosmos
Copernicus is often described as a lone astronomer who defiantly argued that the sun, not the earth was at the center of the cosmos. This view went on for another 100 years before Galileo found a big enough telescope to peer the sky. Galileo then went on and publish interesting observation that led to the discoveries of the Cosmos. Where sun is NOT the center of the universe and that there are other galaxies out there that are bigger than our current galaxy. The Cosmos as we know it organized 100 billions galaxies.
This was the big idea and the naming of Cosmos Network. A network that connect other blockchains.
Cosmos has completed its ICO as April 6th and the network will be slated to go live in early Q4 2017.