#atom #NTRN #osmo Neutron is an L1 smart contract platform in the Cosmos ecosystem.
Cosmos is an ecosystem composed of individual blockchains. ⚛️
Each chain (Neutron, Osmosis, Cosmos Hub...) has its own token ($NTRN, $OSMO, $ATOM...)
Let’s take Neutron as an example👇
👉 Neutron is a bit like Ethereum. Dapps can be built on Neutron, just like on Ethereum.
👉 On Neutron we have Astroport.
👉 On Ethereum we have Uniswap.
👉 So $NTRN is like $ETH and $ASTRO is like $UNI
If you're used to Ethereum, think of Cosmos as a bunch of L2 chains, but without L1.
So all chains can be connected to each other through IBC.
Actually, it's a bit complicated, but it's a good way to start thinking about the universe.
Wallet 💴
With Keplr wallet you can see all chains and tokens without adding them - so no contract addresses 🎉
In Metamask, we need to add Ethereum chain, Fantom chain, Avalanche chain, etc. But with Keplr you can see all of Cosmos' chains without having to add/approve/revoke anything.
Many users are already used to the way Ethereum and Metamask work.
But once you understand how it works, you'll find that all cosmic chains are:
🏃🏻♂️Faster - No need to wait for confirmation - transactions are almost instant.
😈Easier - No need to add contract addresses or add/revoke permissions.
🔐 More secure bridging - every chain is connected through IBC - a bridging system that has never been hacked!
🤑 Cheaper - little gas bill!