Alex Smirnov: It is easier to build on EVM than on Cosmos

It is reported that the founder of the lifi protocol said on social media that the honest question: what is the difference between the rollup-as-a-service chain and the Cosmos-based application chain?

Interpretation of this information:

In the world of blockchain technology, the concept of rollup-as-a-service chain and Cosmos-based application chain has created a buzz among experts and enthusiasts alike. The founder of the lifi protocol, a leading player in the space, raised a thought-provoking question on social media about the differences between these two types of chains. The query was aimed at adding clarity to the blockchain ecosystem and highlighting the nuances of these two chains.

Rollup-as-a-service chain (RaaS) is a new blockchain concept that seeks to enhance the efficiency and scalability of current blockchain ecosystems. The rollup technique involves processing multiple transactions off-chain and bundling them into one on-chain transaction, leading to faster and cheaper transaction processing. RaaS chains aim to provide seamless user experiences, faster validation, and low transaction costs while being connected to the mainnet. They also support higher throughput than traditional chains, thereby making them a preferred choice for dApps and blockchain-based games.

Cosmos-based application chains, on the other hand, create an ecosystem of blockchains connected by the Cosmos Hub, a blockchain used to connect other blockchains. Cosmos offers a modular and adaptable framework for blockchain development that can be used for creating cross-chain applications. It enables developers to create their application-specific blockchain and connect it with other Cosmos-based chains, thus creating an ecosystem of interconnected chains.

Coming back to the founder’s question, it is essential to understand that both RaaS and Cosmos-based chains offer unique features and benefits that cater to different blockchain users’ needs. While RaaS has short transaction processing speeds and improved scalability, Cosmos-based chains offer vast interoperability and adaptability to a broad range of use cases. Therefore, deciding which chain is better would depend on the specifics of any given application. One would require evaluating the functionality, user experience, and transaction costs before opting for a particular kind of chain.