boater

For a long time, blockchain has attracted worldwide attention. I still remember what was mentioned in Satoshi Nakamoto's paper which removes the middleman world. It has always been admired by people who yearn for freedom. Businesses on the Internet increasingly rely on financial institutions as trusted third parties to process electronic payments. While the system works for most transactions, it still suffers from inherent weaknesses in credit-based models. What weakness, why is it innate. Completely irreversible transactions do not actually exist, nor can we achieve completely irreversible transactions because financial institutions cannot avoid mediating disputes. With the passage of time, simple token transfer function has been difficult to meet people's increasing demand. The genius programmer vitalik chose to build a new Turing-complete blockchain from scratch on which many programs can be written. Undoubtedly, this greatly increases the usability of the blockchain and brings huge traffic to the blockchain. However, we have to admit that the size of a block is limited. Therefore, the original team of cosmos proposed ibc for cross-chain. This has greatly expanded the blockchain, and Cosmos has seen explosive growth in the last year. However, a set of ideas that underpin the architecture of the Cosmos ecosystem is slowly moving away from its original idea: Hub Minimalism. The founders of the Cosmos Hub believed that the functions of the Hub should be as few as possible, the main reasons being: 1) prevent non-cross-chain transactions from flooding the network, 2) keep the functions of Zone and Hub separate, and 3) simplify the hub to improve security ( The recent discontinuation of Juno Network validates this argument) There is no doubt that the emergence of Gno is extremely necessary. Modifying the atom alone would incur too much technical debt, which is not a good idea.

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