Enabling the ATOM Port City

A good hub isn’t a ruling dictator, but a servant leader. READ : ( The Cosmos Hub is a Port City. A vision of what comes next for the… | by Interchain | Interchain Ecosystem Blog ) This is only my perspective. My observations. My conclusions. I’m better when I synthetize what I think in short bursts, so bear with me. Important points are numbered from 1 to 8. On IBC Observation: As far as I know, IBC is the only token-less and permissionless communication protocol for blockchains today. It is vastly superior to multisig bridges. I see IBC being the de-facto in-between blockchains protocol. The Cosmos Hub can capture traffic from IBC, but will never capture all the traffic, as other chains offer services on their own. My conclusion: IBC is not a revenue driver, but ATOM is the first ‘’IBC native’’ token. This lindy advantage gives it the possibility to be the interchain commodity-money (1) , an alternative to custodied stablecoins eg:USDC. On Revenue Observation: Revenue and real yield have been powerful narratives in the last 18 months, after the speculative mania died. While various crypto projects have been able to reach that goal, they haven’t necessarily gained…

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IBC = In Between Chains

This piece reflects the two focuses of the Hub: Using its market position to bring users to Cosmos & to benefit from users on all its connected chains. Right now the Hub is using ICS as a way to augment the first point but sparingly acting outside of its security domain. Your post is a good direction towards “capturing value” outside the ICS zone. There is money left on the table if the Hub doesn’t move to take advantage of its position as ETH, USDC and BTC slowly takeover Cosmos DeFi.

IBC is a revenue driver. It what attracts most teams to build on Cosmos tech, which means it (IBC) can be measured and capitalized