Description
Cosmos is a decentralized network designed to facilitate interoperability and scalability among independent blockchains using BFT consensus algorithms like Tendermint. Known as the "Internet of Blockchains," it enables various blockchains to interconnect and exchange data seamlessly. The Cosmos SDK is instrumental for developers to build blockchain applications efficiently. The Cosmos Hub functions centrally within this network, employing the Inter-Blockchain Communication (IBC) protocol to exchange assets and data. ATOM, its native cryptocurrency, is crucial for transaction fees, staking, and governance. The architecture includes zones acting as hubs, using Proof-of-Stake consensus to enhance security and functionality. Cosmos tackles the blockchain trilemma, striving for decentralization, scalability, and security. Its market presence is robust, with about 390 million ATOMs circulating, trading between $4.47 and $6.85 across 780 active markets, reflecting growing engagement with its ecosystem.
Cosmos is a decentralized network designed to facilitate interoperability and scalability among independent blockchains using BFT consensus algorithms like Tendermint. Known as the "Internet of Blockchains," it enables various blockchains to interconnect and exchange data seamlessly. The Cosmos SDK is instrumental for developers to build blockchain applications efficiently. The Cosmos Hub functions centrally within this network, employing the Inter-Blockchain Communication (IBC) protocol to exchange assets and data. ATOM, its native cryptocurrency, is crucial for transaction fees, staking, and governance. The architecture includes zones acting as hubs, using Proof-of-Stake consensus to enhance security and functionality. Cosmos tackles the blockchain trilemma, striving for decentralization, scalability, and security. Its market presence is robust, with about 390 million ATOMs circulating, trading between $4.47 and $6.85 across 780 active markets, reflecting growing engagement with its ecosystem.
