Ethereum's "prosperity and congestion," Cosmos's "speed and desolation"—the blockchain world's "dilemma."
Ethereum's smart contract ecosystem is like a bustling metropolis, home to over 90% of applications like token issuance, DeFi, and NFTs. However, its traffic is incredibly congested. During the DeFi Summer of 2021, Ethereum gas fees soared to over 1,000 Gwei, and simple transfers took half an hour to complete, let alone complex lending or DEX transactions. Many users complained, "I want to participate in the ecosystem, but the congestion discourages me." Cosmos, on the other hand, is like a smooth, unobstructed highway, using the Tendermint Core consensus mechanism to achieve millisecond-level block confirmations and transaction throughput reaching thousands of TPS. However, the problem is that "service facilities along the way are too few"—the ecosystem's applications are far less diverse than Ethereum's, leaving many users feeling that "even if I run fast, I have nowhere to go."
This is the blockchain industry's "dilemma": choose the prosperous but congested Ethereum or the fast but desolate Cosmos. Is it possible to enjoy the richness of Ethereum's ecosystem while also enjoying the high-speed performance of Cosmos? With the emergence of Kava, the answer to this question became increasingly clear.
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