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Seeing a lot of talk about Terra lately, which runs on Cosmos. Given that Cosmos limits the validator set to 100, do people really expect a system limited to such a tiny number of validators to successfully secure hundreds of billions or trillions in the long run?
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Cosmos chains take a DPoS flavor on top of Tendermint, and the philosophy is to prioritize decentralization among a small set of delegates to achieve max efficiency in on-chain governance and responsiveness to events
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All PoS systems have theoretical limits on how far the validator set can scale per shard before performance starts to degrade significantly - so the only options are to scale vertically (increase hardware specs) or horizontally (segregating state machines in shards)
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