Cosmos

What’s Cosmos?

Cosmos (ATOM) went live in 2019, promising an interoperable future for decentralized networks. It offers a unique solution to blockchain technology’s scalability and interoperability challenges. Its novel consensus mechanism, Tendermint, enables fast and secure transactions across multiple chains, fostering seamless communication between disparate networks. With its innovative approach, Cosmos facilitates the creation of sovereign blockchains interconnected through the Cosmos Hub, enhancing scalability and fostering collaboration within the blockchain ecosystem. As a result, Cosmos has garnered significant attention from developers and investors alike, positioning itself as a key player in the ever-evolving landscape of decentralized finance and web3 technologies.

Who Are the Founders of Cosmos?

The founders of Cosmos are Jae Kwon, Zarko Milosevic, and Ethan Buchman.

What Makes Cosmos Unique?

One of the drawbacks of decentralized systems and blockchain networks, in particular, is that the projects are scattered, and there is an obvious lack of communication between them. Described as “Blockchain 3.0”, Cosmos addresses this issue.

Another great advantage of Cosmos will be especially to the liking of developers. Cosmos SDK makes it easy for them to build complex apps.

How Is the Cosmos Network Secured?

Cosmos Network is secured thanks to its consensus algorithm and network architecture. Firstly, it uses a PoS algorithm that allows the network to utilize validator nodes to stake ATOM. The higher the stakes the more the chances of selection for transaction verification. 

Where Can You Buy Cosmos (ATOM)?

You can purchase this asset from several prominent cryptocurrency exchanges. Some of the popular platforms where ATOM is available include  Binance, Coinbase.

What’s next on Cosmos?

The focus remains squarely on advancing interoperability and bolstering security. A standout feature on the roadmap is the introduction of Atomic IBC, a significant upgrade promising cheaper transactions and seamless cross-chain interactions within the ecosystem. Furthermore, the roadmap places a premium on enhancing Replicated Security, further fortifying the network’s resilience and cost-efficiency.