Cosmos (ATOM): The Internet of Blockchains

Cosmos is a blockchain platform designed for interoperability between separated blockchains including Binance Chain, Terra, Crypto.org, etc.
Billed itself an “Internet of Blockchains”, Cosmos enables allow distributed ledgers to communicate without interference of intermediary.Cosmos distinguishes itself from other projects by solving the problem of cross-chain communication plagued by developers, meaning that the Cosmos network entitles users to share data and transfer tokens among different chains in a fully decentralized way. Each new independent blockchain deployed within Cosmos, also known as a "zone", is instantly linked to the Cosmos Hub, which is responsible for mornitering each zone's state.Cosmos (Symbol: ATOM) is the native utility and governance token of Cosmos, contributing to the security of Cosmos Hub.
ATOM token shows the following major cases of use:With the aim to create an interoperable platform of open-source blockchains, the Cosmos infrastructure is attributed to three key components, including:
One of the over-riding factors maintaining the proper operation of Cosmos is Tendermint, a consensus algorithm used by the Cosmos network of computers to secure the ecosystem, verify transactions and validate novel blocks added to the blockchain. Tendermint BFT interacts with off-chain applications using the Application Blockchain Interface protocol.
As the first blockchain built on the Cosmos network, Cosmos Hub serves as a bridge between all of the independent blockchains created within the Cosmos network, known as "zones."
Each zone serves its own functions, including verifying accounts and transactions, releasing and distributing new tokens and checking changes to its own blockchain.The Cosmos software development kit or Cosmos SDK makes it easier for developers to build blockchains based on the Tendermint consensus algorithm.
The Inter-Blockchain Communication protocol (IBC) connects zones to the Cosmos Hub, allowing information to be transmitted with a high security level between each connected zone.
As an ecosystem of independent interconnected blockchains secured by Tendermint algorithm, Cosmos stands out among other blockchain networks with a variety of notable features:
Cosmos Network was co-founded by Jae Kwon and Ethan Buchman in 2014.
During the initial coin offering (ICO) of the ATOM token in 2017, the project managed to raise over $17 million.
Cosmos network has been supported by a number of featured investors including Hashed, Pantera, Dragonfly Capital,...Cosmos has introduced interoperability to the blockchain space, allowing protocols to communicate and utilize each other's resources and shaping how other blockchains will be created in the future.
Apart from addressing the issues of scalability and connectivity witnessed in the old-fashioned blockchain, Cosmos also shows its unique featues such as serverless architecture, global distribution of data, and high-level throughput, proving itself a promising project in the blockchain and crypto field. The massive adoption of Cosmos networks leads to rapidly push the price of ATOM token up, precisely trading at $7.44 at the time of writing. Explore all the trending topics and hottest news in the crypto market with our Blogchain.Meanwhile, practice trading, play virtual money and earn real tokens with CryptoSim - Virtual Trading Game.