Cosmos and Etheruem aim to Step up Their Smart Contract Game

    Smart Contract Illustration

    Developers who show any interest in cryptocurrency or blockchain will often face a steep learning curve. Very few existing projects will effectively let coders build new applications by using existing languages. In the case of Cosmos and Ethereum, that situation will come to change for the better. This move highlights the need for multiple coding languages in cryptocurrency and blockchain development. There is still a long way to go before mainstream interest will materialize. 

    Cosmos Focuses on 3 Languages

    Earlier this week, it has become apparent the Cosmos project is trying to remain relevant. After shooting up the market cap rankings since its release, enthusiasts and developers have been waiting for the next big announcement. It appears that the announcement comes in the form of supporting up to three different coding languages in an effort to attract more developers. Cosmos is another project which provides access to smart contract technology, thus it is pertinent to compete with all other projects in the ecosystem today. 

    To put this in perspective, the languages in question are not necessarily widely used in this day and age either. Ethermint is very similar to Solidity, which is a “made up” coding language for Ethereum. Secure EcmaScript is similar to JavaScript, which should be of great interest to a lot of smart contract enthusiasts. Kadenamint is the final coding language, which is yet to be developed by blockchain startup Kadena. Giving developers and coders ample choices is always a good thing, although the learning curve might not necessarily diminish all that much. 

    Ethereum’s eWASM Upgrade

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    It is evident that this announcement will certainly spark some debates as to whether Cosmos can overtake Ethereum in terms of smart contract development. To counter any arguments, the Ethereum developers are looking to move past Solidity. Albeit this smart contract coding language has served its purpose so far, it is also severely limited in terms of what one can do with it. This handicap has triggered some negative animosity among developers, for understandable reasons. 

    In the next major Ethereum upgrade, which has been dubbed eWASM, most of those concerns should be put to rest. The goal of this upgrade is to replace the current Ethereum Virtual Machine and allow developers to code in many different coding languages. While this is a positive and prominent development, there are also those who wonder why these steps weren’t taken earlier. Solidity has been in use for many years now, yet its issues have been apparent for equally as long. Making the right call, in the end, is still better than leaving things be as they are, although it might be a bit late to turn the ship around.

    Security Remains Crucial

    One of the lingering concerns regarding smart contracts is how secure these pieces of code can be. As has become evident in recent years, not all of these contracts are coded in the same manner. Cosmos and Ethereum and both looking to step up their game as far as security is concerned. Two of the upcoming coding languages for Cosmos will use an object-capability security model. As such, smart contract permissions can be updated on the fly, which will be beneficial to both developers and users alike. 

    How Etheruem will decide to address this situation, has yet to be determined at this point. Solidity’s security model has come under scrutiny for some time now, yet it remains to be seen if things will improve following the eWASM update. As the competition heats up among smart contract-capable blockchain projects, developers will ultimately flock to the most secure and accessible platform. Which platform that will be, is anyone’s guess for quite some time to come. 

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