Cosmos connects decentralized blockchains, securing transactions with ATOM, emphasizing flexibility and scalability. More
| Fully Diluted Valuation | $2.06B |
|---|---|
| 24H Trading Volume | $98.63M |
| 24H Low / High | $4.41 / $ 4.51 |
| Circulating Supply | 464.72 M |
| Total Supply | 464.73 M |
| Max Supply | ∞ |
| Categories | Paradigm Portfolio 18 more |
|---|---|
| Founder | Jae Kwon 2 more |
| Website | cosmos.network Whitepaper |
| Socials | 5 more |
| Chains | Binance-smart-chain Ecosystem 7 more |
| Explorer | Tokenview 9 more |
| Contracts |
0x0eb....2f335
7 more
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| Name | Pair | OG Score |
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Cosmos (ATOM): Fostering Interconnected Blockchains for Seamless Transactions
Cosmos, hailed as the "Internet of Blockchains," pioneers an ecosystem that harmonizes disparate blockchains, facilitating a secure exchange of assets and data across decentralized networks. At its core lies the Cosmos Hub, a pivotal element orchestrating essential services like decentralized exchange, security, routing, and custodial functions within the Interchain.
At the heart of Cosmos lies the ATOM token, serving as the linchpin for securing the network through its Proof-of-Stake consensus mechanism. This innovative platform prides itself on enhancing interoperability, speed, and scalability among blockchains.
The architecture of Cosmos revolves around a layered approach: the consensus and network layers merge into Tendermint BFT, simplifying application development by offering flexibility without imposing stringent rules from the foundational layers. Applications interact with these layers through ABCI (Application Blockchain Interface).
The Cosmos Hub, the nexus of the network, records comprehensive transactional histories across interconnected elements of the ecosystem. The Inter Blockchain Communication (IBC) protocol acts as the backbone, enabling seamless communication and information sharing between Cosmos' interconnected blockchains, also known as "zones."
Powered by Tendermint Core, Cosmos amalgamates networking and consensus layers, streamlining blockchain creation without starting from scratch. Its Proof-of-Stake protocol fosters interoperability, instant finality, scalability, and heightened security, ensuring BFT SMR and distributed server replication for global network stability.
ATOM token holders actively participate in the network's Proof-of-Stake mechanism. Delegating tokens to validators offers rewards, with the highest token holders earning the privilege to validate transactions among the limited pool of 100 validators.
Cosmos caters to decentralized platform developers seeking a cost-effective, customizable environment. Emphasizing scalability, compatibility, user experience, and sovereignty, Cosmos provides adaptable tools to construct applications, primarily focused on DeFi due to the absence of NFT support.
This groundbreaking project aims to tackle the most challenging issues in the blockchain sphere, offering a remedy to the limitations of conventional proof-of-work protocols. By facilitating blockchain communication and simplifying development through modular frameworks, Cosmos strives to usher in a new era of interconnected, accessible blockchains.
The Cosmos network, born from the foundations laid in 2014 with Tendermint's inception, continues its mission to bridge fragmented blockchain networks. Through its user-friendly software development kit and a vision for enhanced scalability, Cosmos vouches for a future where blockchain becomes an effortlessly wielded tool for complex applications, enabling mainstream adoption.
As the digital landscape evolves, Cosmos remains at the forefront, driving blockchain innovation towards seamless, interconnected ecosystems capable of accommodating mainstream demands with unparalleled efficiency.
Cosmos (ATOM) stands out for harmonizing disparate blockchains, enabling secure asset and data exchange across decentralized networks through its Cosmos Hub. Its Proof-of-Stake consensus, interchain communication, and adaptable development tools set it apart for enhanced interoperability and scalability among blockchains.
Cosmos (ATOM) traces its roots to 2014 with the founding of Tendermint, a core contributor to the network. Its innovative ecosystem and architecture have been nurtured by the collective efforts of various developers and contributors within the Cosmos community.
Cosmos has received support from prominent venture capital firms, including but not limited to, Paradigm, Polychain Capital, Pantera Capital, HashKey Capital, DragonFly Capital, Hashed Fund, Bain Capital Crypto, 1confirmation, ExNetwork Capital and Outlier Ventures. Additionally, significant support has come from the Interchain Foundation, which plays a pivotal role in the development and advancement of the Cosmos Network.
Cosmos (ATOM) utilizes a Proof-of-Stake (PoS) consensus mechanism, where token holders actively participate in securing the network. Validators play a key role in validating transactions, and holders can delegate tokens to validators, receiving rewards for their contribution to the network's security and operation.
You can buy Cosmos Hub (ATOM) on Binance, OKX, Gate.ioBybitMEXC cryptocurrency exchanges.
