How does Tharsis Labs' 27M project aim to enhance the scalability and security of Ethereum and Cosmos?

1 answers

• Dec 26, 2021 · 3 years ago
  Tharsis Labs' 27M project is a groundbreaking initiative that aims to enhance the scalability and security of Ethereum and Cosmos. By leveraging the power of layer 2 solutions, such as state channels and plasma chains, the project seeks to increase the transaction throughput and reduce the fees associated with both networks. State channels enable off-chain transactions, allowing for instant and low-cost transfers, while plasma chains provide a scalable framework for processing a large number of transactions. These solutions will greatly improve the scalability of Ethereum and Cosmos, making them more suitable for mass adoption. Additionally, Tharsis Labs plans to implement advanced security measures, such as multi-party computation and hardware-based key management, to ensure the highest level of security for users' funds and data. With these enhancements, Ethereum and Cosmos will become more robust and resilient, attracting more users and developers to the ecosystems.
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