The development of efficient, stable, and earth-abundant electrocatalysts is critical for advancing electrochemical water splitting as a sustainable hydrogen production technology. Among non-precious candidates, cobalt-based materials have garnered significant attention due to their structural versatility and tunable electronic properties. This review comprehensively examines recent progress in cobalt-based catalysts for the hydrogen and oxygen evolution reactions. We discuss key optimization strategies, including nanostructuring, heteroatom doping, and defect/interface engineering, that enhance activity and stability by increasing active site density, improving conductivity, and optimizing intermediate adsorption energetics. A particular focus is placed on the dynamic reconstruction of pre-catalysts into active (oxy)hydroxide phases under operational conditions, a crucial consideration for rational design. By integrating mechanistic insights from advanced in situ characterization and theoretical calculations, we elucidate structure-activity relationships and reaction pathways. Finally, we outline persistent challenges and future directions, emphasizing the need for standardized evaluation and the design of durable catalysts capable of operating at industrial-scale current densities to bridge the gap between laboratory research and practical application.
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