Cosmos (ATOM) is a decentralized network of independent blockchains designed to be interoperable, scalable, and secure. Often referred to as the "Internet of Blockchains," Cosmos enables communication and data exchange across different blockchain networks.
WHAT IS COSMOS (ATOM)?
Cosmos is an open-source blockchain protocol focused on interoperability and scalability. Launched in 2019, it aims to solve the fragmentation of blockchain ecosystems by connecting them through its Inter-Blockchain Communication (IBC) protocol. ATOM is the native token used for staking, governance, and securing the network.
KEY FEATURES
Interoperability: Cosmos allows different blockchains to communicate and exchange data and assets using the IBC protocol.
Scalability: Its modular architecture enables developers to build custom, application-specific blockchains that operate efficiently in parallel.
Tendermint BFT: A high-performance consensus engine that provides fast finality, security, and energy efficiency.
Hub-and-Zone Model: Cosmos uses a central Hub (Cosmos Hub) connected to various Zones (independent blockchains), maintaining order and enabling interaction across the network.
Governance: ATOM holders can vote on network upgrades and changes, playing an active role in the platform’s development.