Project Cosmos And Its Future Outlook

 

Project Cosmos: what future has it got?

Over the last couple of years, the blockchain scene has grown in many directions. One of the most notorious ones is that of distributed processing and programming: Using one of blockchain’s most basic strengths to help software developers all over the world create properly scalable software.

The Cosmos blockchain is one of these projects. Its goal is to create a blockchain of blockchains, so to speak, where each node of the blockchain is a blockchain of its own, with all of its processing power dedicated exclusively to running a specific application or task including numerous in-chain or cross-chain cryptocurrency payments or transfers.

 

Why is this useful?

 

Parallel, distributed programming isn’t a new concept. The idea of running an application or task not on one, but on many computers at the same time has existed for decades – in fact, one of the biggest implementations of it in regular-use devices can be seen in multiple-core processors with multithread functions.

The paradigm, however, properly shines in much larger tasks, particularly in simulations, renderings, or mass-use services that can require hundreds or thousands of processes to be ran in a parallel manner across many systems.

This has been attained without blockchains. However, the cost implied by this, specifically that of purchasing, setting up, programming, and maintaining a large array of workstations can be prohibitive to the point where most companies can’t even consider it.

These types of tasks are precisely what blockchain-based computing can solve.

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As many processors as you want, or need

 

The idea behind blockchain-based computing and applications could be described as crowdsourcing extremely intensive processes and distributing some of the earnings from it. A blockchain dedicated to run an application would then take processing time and power from all active nodes, and reward them using cryptocurrencies for it.

This has a huge advantage when compared to the standard parallel/distributed model: The blockchain will only take as much processing power as it needs, and in turn, it will only pay for what it uses. This leads to massive cost-cutting in situations where a company or enterprise might not need huge amounts of power 24/7, but only occasionally.

In other words, blockchain-based computing can effectively provide anyone with a supercomputer, as long as their project has enough public support to sustain it.

 

Is there a future for this?

 

While nobody can see the future, proposals like that of project Cosmos are more likely than not to become commonplace within the next decade or two. Yes, distributed systems spread throughout the world where power is taken from thousands or millions of connected collaborators who are in turn paid for their collaboration seems extremely difficult, utopian even.

So did cloud storage and computing back in 1990. Amazon Cloud Services, which basically runs the internet? That was but a pipe dream back then.

Technology evolves in ways more massive than most people can believe in. With Blockchain, we’ve barely scratched the surface of what can be done. Most people still see it as just a vehicle for cryptocurrencies, but in truth, over the next two decades, we’ll see more and more revolutionary uses for the technology.

Making scalable parallel and distributed processing available to the masses is but one of them.

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