Cryptocurrency Q&A
What chain is Osmosis on?
What chain is Osmosis on?
Elena
Sat Jun 29 2024
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5 answers
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Could you please elaborate on the underlying blockchain technology that Osmosis is built upon? Given the growing interest in interoperability and cross-chain solutions, it's crucial to understand the foundational layer that enables Osmosis to facilitate seamless transactions and asset swaps across different blockchains. Is Osmosis leveraging an existing blockchain infrastructure, or has it developed a proprietary solution? Clarifying this aspect would greatly assist in evaluating the potential impact and scalability of Osmosis within the broader cryptocurrency and decentralized finance ecosystem.
5 answers
HanjiHandiwork
Mon Jul 01 2024
Osmosis, a decentralized exchange (DEX) appchain, operates within the Cosmos ecosystem.
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emma_rose_activist
Mon Jul 01 2024
Serving as an appchain, Osmosis fulfills the dual role of a Layer-1 blockchain and an application.
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ZenHarmonious
Mon Jul 01 2024
Its blockchain is the result of a fork of the Cosmos SDK, which provides the underlying infrastructure.
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Maria
Sun Jun 30 2024
Securing the network is Tendermint, a consensus mechanism that employs Byzantine Fault-Tolerant (BFT) Proof-of-Stake (PoS).
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GeishaWhisper
Sun Jun 30 2024
This combination of features enables Osmosis to offer secure, decentralized trading while leveraging the capabilities of the Cosmos ecosystem.
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