About Cosmos (ATOM) Coin
Cosmos (ATOM) Coin In other words, Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Before Cosmos, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small amount of transactions per second. Cosmos solves these problems with a new technical vision. In order to understand this vision we need to go back to the fundamentals of blockchain technology.
Cosmos (ATOM) Coin To understand how Cosmos fits in the blockchain ecosystem, we need to go back to the beginning of the blockchain story. The first blockchain was Bitcoin, a peer-to-peer digital currency created in 2008 that used a novel consensus mechanism known as Proof-of-Work (PoW). It was the first decentralized application on a blockchain. Soon, people started to realize the potential of decentralized applications and the desire to build new ones emerged in the community.
Cosmos (ATOM) Coin At the time, there were two options to develop decentralized applications: either fork the bitcoin codebase or build on top of it. However, the bitcoin codebase was very monolithic; all three layers—networking, consensus and application — were mixed together. Additionally, the Bitcoin scripting language was limited and not user-friendly. There was a need for better tools.
Cosmos (ATOM) Coin Storage Key Points
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Enter a New Universe of Connected Services
Cosmos (ATOM) Coin Cosmos apps and services connect using IBC, the Inter-Blockchain Communication protocol. This innovation enables you to freely exchange assets and data across sovereign, decentralized blockchains.
The Heart of the Interchain
Cosmos (ATOM) Coin Serving as the economic center of Cosmos, the Cosmos Hub is a blockchain that provides vital services to the Interchain.
Cosmos (ATOM) Coin Set to operate a next-gen decentralized exchange, swapping digital assets from across the Interchain, with very low fees and instant transaction confirmation.
Cosmos (ATOM) Coin With the upcoming Interchain Staking feature, ATOM will soon be securing many chains, in exchange for additional staking rewards.
Cosmos (ATOM) Coin A core mission of the Hub – to connect chains by establishing IBC connections with compatible chains and operating decentralized bridges with chains like Ethereum and Bitcoin.
Cosmos (ATOM) Coin Located at the crossroads of the Interchain, the Hub is extremely secure, the best place to hold digital assets and manage accounts across many chains.
The Most Trusted Way to Build Value
Cosmos SDK is a state-of-the-art blockchain framework that powers the Cosmos Hub and its rapidly expanding orbit of sovereign chains. Developers can use the SDK to build innovative applications that create value through exchange with the Cosmos Hub.
What will You Build?
Cosmos (ATOM) Coin Developers in Cosmos are the pioneers of the new era of blockchain technology. Join a fast-growing token economy and build upon a secure and stable foundation.
Decentralized Finance Applications
Cosmos (ATOM) Coin Create exchanges and marketplaces that allow anyone around the world to buy, trade, invest, and lend – even without a bank account.
Resilient, Autonomous Organizations
Cosmos (ATOM) Coin Empower your community to organize and allocate resources to its members. Vote on impactful governance decisions.
Game Economies, Owned by Players
Cosmos (ATOM) Coin Create in-game assets that are available forever. Bring lasting value to gamers by letting them take their loot to another game or into the real world
Explore a Rapidly Growing set of Interchain features
Cosmos (ATOM) Coin Built on top of the Tendermint BFT consensus engine, the Hub’s staking module is one of the most efficient proof-of-stake implementations in the world. It enables ATOM token holders to secure the chain by locking their ATOM, in exchange for transaction fees.
Cosmos (ATOM) Coin Accounts Interchain Accounts are the accounts of the IBC-enabled world. Essentially, they allow blockchains to securely control accounts on other chains over IBC. With this feature, users will be able to access the entire Interchain through their single Cosmos Hub account. One account, for all the chains.
Cosmos (ATOM) Coin Staking ATOM gives rights to participate in the open governance process, which governs the evolution of the network.