Cosmos Hub
The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.
While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.
As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”. Fee distribution is done in-protocol and a protocol specification is described here.
As staking tokens, Atoms can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network.
Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.
Bitcoin News / Bitcoin.com - 1 day ago
Cosmos developers have successfully rectified a critical security vulnerability in its Inter-Blockchain Communication (IBC) protocol, which had placed assets worth at least $126 million in jeopardy, following a private notification from Asymmetric Re...
Cryptocoins News / CoinJournal - 1 month ago
The blockchain space is in fierce competition for developer mindshare, particularly with the rise of Layer 2 solutions and after the recent SEC decision on Bitcoin ETF.
Injective Labs, the team behind the high-speed Injective Protocol, recently enter...
Cryptocoins News / CoinJournal - 1 month ago
THORChain continues to experience massive adoption,& surpassing $40 billion& in all-time trading volume.
All in Bits launches& new governance chain& ahead of Cosmos’ AtomOne fork.
Defiant meme token& Rebel Satoshi& conc...
Cryptocoins News / CoinJournal - 1 month ago
AiB introduces GovGen for AtomOne fork, revolutionizing blockchain governance.
The All in Bits ((AiB) firm is led by Cosmos co-founder Jae Kwon.
The Meme Moguls presale has raised over $2.657 million so far.
Cosmos developer All in Bits (AiB) is ma...
More / Etherum Reddit - 2 months ago
Here is the transaction in question : https://www.mintscan.io/celestia/tx/CC458C97EA0EB4E1F9717A9333CF8148168D7E1A97221D6818FF8A9D3E38273C submitted by /u/carpediemquotidie [link] [comments]
Cryptocoins News / CoinJournal - 2 months ago
In the dynamic world of& cryptocurrency, investors are always on the lookout for the next big opportunity. With the market experiencing fluctuations and corrections, it’s essential to analyze the potential of various cryptocurrencies to det...
by COINS NEWS - 2 months ago
Super Bowl LVIII is a week away! Gelotto(GLTO) in the Cosmos ecosystem has deployed the classic football squares game. How to play: -Grab some GLTO: https://app.osmosis.zone/?from=ATOM&to=GLTO -Go to https://gelotto.io/app/games/squares?sport=fo...
Cryptocoins News / EthereumWorldNews - 3 months ago
Amsterdam, 15th January β Chirpley, the dynamic influencer marketplace, has embarked on a transformative journey by spreading its wings to the Ethereum chain. This strategic move aligns with Chirpley’s vision to broaden the reach of CHRP holder...
Cryptocoins News / Blockchain - 3 months ago
Cosmos's StakeLab proposes reducing ATOM's minimum inflation to 0%, aiming to align with other blockchain models and address issues like token overproduction and selling pressure. Nearly 95% of the community supports this significant change. (Read Mo...
by COINS NEWS - 3 months ago
While other Cosmos projects skyrocket, ATOM's price languishes : Injective and SEI, Cosmos-based tokens, have soared by over 900%, fueled by strong fundamentals and market sentiment. But ATOM, the native token, remains stagnant compared to ETH,...
by COINS NEWS - 4 months ago
As a Cosmos (ATOM) holder, it's hard not to feel a little spoiled, especially considering the plethora of airdrops that have showered down before the bear market and also recently, looking at Celestia (TIA). These unexpected windfalls have certai...
Cryptocoins News / The Cointelegraph β - 4 months ago
Through a software upgrade, Umee UX Chain code will be implemented on Osmosis, combining the two networks. Cosmos-based networ...
Cryptocoins News / Blockchain - 4 months ago
Cosmos Hub proposes reducing ATOM inflation rate from 14% to 10%, lowering annual staking yield from 19% to 13.4%, optimizing security expenses and introducing a liquid staking module. (Read More)
Cryptocoins News / The Cointelegraph β - 4 months ago
The proposal narrowly passed, with 41.1% of votes for and 38.5% of votes against. The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum infl...
Cryptocoins News / CoinJournal - 4 months ago
The Cosmos Hub community has approved a proposal capping ATOM’s maximum inflation rate at 10%
Per the proposal, validators can still break even or turn profits at 10% inflation
Reducing inflation rate will help Cosmos’ security and growt...
by COINS NEWS - 5 months ago
Big changes to Cosmos After weeks of heated debate and bated breath, proposal #848 passed with a narrow margin. This reduces the inflation rate from 20% to 10%. With a 70.9% turnout, this is the highest turnout in Cosmos Hub history. 79.9%...
Cryptocoins News / CoinJournal - 5 months ago
Victoria, Seychelles, November 15th, 2023, Chainwire
Bitget, the world’s leading cryptocurrency exchange and Web3 company, has listed the leading smart contracts platform Neutron in its Innovation Zone and Cosmos Ecosystem Zone. Bitget users ca...
Bitcoin News / Bitcoinist - 5 months ago
Avalanche, a high throughput blockchain using the Snow Protocol for consensus, is joining Cosmos, according to the latest Interchain Foundation (ICF) update on October 31. Interchain Foundation, the non-profit organization that stewards the Cosmos ec...