Is there a roadmap for future development of Cosmos?
Yes, there is a roadmap for future development of Cosmos.
The roadmap outlines the development of the Cosmos Hub, which is the main component of the Cosmos network. The roadmap includes plans for scalability, interoperability, and security improvements. The first phase of the roadmap focuses on scalability and interoperability.
This includes increasing transaction throughput, enabling cross-chain communication, and improving transaction finality. This phase also includes developing a secure decentralized exchange (DEX) to facilitate asset trading between different blockchains. The second phase focuses on security improvements.
This includes implementing advanced cryptography to protect user data and funds, as well as implementing advanced consensus algorithms to ensure that transactions are securely processed in a timely manner. The third phase focuses on further scalability and interoperability improvements. This includes developing new tools to enable more efficient communication between different blockchains, as well as improving existing tools such as IBC (Inter-Blockchain Communication).
Finally, the fourth phase focuses on developing new applications and services that can be built on top of the Cosmos network. This includes creating a platform for developers to build decentralized applications (dApps) and creating an ecosystem of services that can be used by users to interact with dApps built on top of the Cosmos network. Overall, the roadmap for future development of Cosmos is ambitious but achievable.
With its focus on scalability, interoperability, security improvements, and application development, it is clear that Cosmos has big plans for its future development.