The Web3 universe is evolving at a fast pace. Change is visible every day. Thus, various ecosystems are trying to improve in order to make Blockchain technology even more accessible. The idea is to replace traditional methods with modern technology. That is why Rebuschain is partnering with the Cosmos ecosystem.
Limitations Rebuschain Faces
The Rebus business model sells DeFi products to financial institutions, who themselves resell them to their customers. Thus, it is a fusion of DeFi and traditional finance aimed at increasing the utility of assets. But all this is not as simple as it seems. This creates some challenges: technical and regulatory procedures that include the ability to trade DeFi assets on different blockchains. This is necessary to comply with bank regulations.
These limitations seem to be even more important for blockchains based on virtual machines (VMs) like Ethereum.
Application-specific blockchains, as the name suggests, are created for a specific reason or for a single application using a common ecosystem. Developers can add or change features without having to rely on third-party applications.
This remains impossible with blockchains using virtual machines, which provide account-based functionality and do not allow automatic code execution. Application-specific blockchains remove these limitations. Moreover, the requirement quick fix cannot be managed by a virtual machine. Finally, the virtual machine allows coexistence with other decentralized applications (dApps) that offer limited sovereignty.
All these problems are solved with application-specific blockchains.
Why choose the Cosmos ecosystem?
Cosmos is a decentralized network of independent and parallel blockchains. But why is space better? First, it offers ease of interoperability with IBC and ICA solutions (interblock communication and cross-chain accounts), which is a basic requirement for Rebus products.
In addition, it also complies with traditional financial rules, which include:
- Sovereign chain L1 interconnected with others
- Network security monitoring
- Ability to use native native tokens (REBUS) for transactions
- Downtime risk reduction
Finally, Cosmos is a cosmopolitan network of users and shared resources.
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Interested in investments and financial markets after business school in Chambéry, passion for cryptocurrencies was evident. Blockchain is definitely the universal tool of tomorrow.