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.
by COINS NEWS - 2 years ago
https://cosmos.network/gravity-dex/ Cosmos ecosystem and why it is the most important/undervalued aspect to the crypto space.. Look into the cosmos ecosystem It’s simply fucking beautiful. So beautiful you can’t even fathom it. Many of the top 15 pr...
Cryptocoins News / CoinJournal - 2 years ago
The live Cosmos price today is $31.75 with a 24-hour trading volume of $1.14 billion. Cosmos is up 13.60% in the last 24 hours. If you want to know more about Cosmos and ATOM, its native token, like where to buy ATOM, look no farther than this quick...
Cryptocoins News / CoinJournal - 2 years ago
The creators of Cosmos describe it as a project that solves some of the “hardest problems” facing the blockchain industry. This guide explains what Cosmos is, can it be a profitable investment, and where you can buy Cosmos now.
Top places...
Cryptocoins News / CoinJournal - 2 years ago
Cosmos (ATOM) is seeing a bullish breakout in intraday trading, surging over 10% in the last 24 hours. The coin, at the time of writing, was trading at $29.09. Analysts see resistance around $30.76, and it seems ATOM is struggling to break that thres...
by COINS NEWS - 2 years ago
Well, if this isn’t an example of not too listen to peoples opinions in this sub then I don’t know what is. If you scroll down my posts you will see I wrote a piece earlier this year regarding how lucrative the OSMO airdrop had been to me. You will s...
Cryptocoins Exchanges / Binance - 2 years ago
Well damn. Just got my ledger and was gonna transfer it out with my ledger and stake it. Cosmos network is suspended. Is this a common issue, has it been down long? Thanks. submitted by /u/The_Fixer_69 [link] [comments]
Cryptocoins News / CoinJournal - 2 years ago
The live Cosmos price today is just under $25 with a 24-hour trading volume of $794.36 million. The coin has gained 9.42% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy Cosmos, this guide is for y...
Cryptocoins News / CoinJournal - 2 years ago
The crypto market was mixed over the past 24 hours. Markets were reassured after President Joe Biden said the Omicron variant would not lead to shutdowns or lockdowns. Oil fell after OPEC vowed to maintain its commitment to raising oil production lev...
Cryptocoins News / CoinJournal - 2 years ago
The live Cosmos (ATOM) price today is $30.71 with a 24-hour trading volume of $747.9 million. Cosmos is up 15.94% in the last 24 hours. If you are attracted to unique features and want to learn how and where to buy ATOM, this guide is for you.
Top pl...
Cryptocoins News / The Cointelegraph - 2 years ago
In an exclusive interview with Cointelegraph, Peng Zhong, CEO of Tendermint, the core developer of the Cosmos blockchain, discussed recent cutting-edge advancements in the ecosystem....
Cryptocoins News / The Cointelegraph - 2 years ago
Osmosis joins investment firm Paradigm’s other DeFi portfolio members such as Maker, Synthetic, Uniswap, Optimism, FTX, Coinbase, and BlockFi. Osmosis, a decentralized...
Cryptocoins News / The Cointelegraph - 2 years ago
Osmosis joins investment firm Paradigm’s other DeFi portfolio members such as Maker, Synthetic, Uniswap, Optimism, FTX, Coinbase and BlockFi. Osmosis, a decentralized...
Cryptocoins News / The Cointelegraph - 2 years ago
The project teased the release of the blockchain in a video message with a quote from famous astronomer Carl Sagan and a picture of a canary among the stars. The Cosm...
by COINS NEWS - 2 years ago
Look into the cosmos ecosystem It’s simply fucking beautiful. So beautiful you can’t even fathom it. Gas fees? How about no. Decentralized? Yeah we like that shit. Defi? Yeah we have it. Now let’s get into the ecosystem. Starting off… You have Sec...
Cryptocoins News / The Cointelegraph - 2 years ago
The Inter Blockchain Communication protocol that powers Cosmos has been growing steadily over the past six months. The Cosmos cross-chain network has been growing ste...
Cryptocoins News / The Cointelegraph - 2 years ago
Mysten Labs' engineers formerly created the blockchain network on Facebook's Diem and Novi crypto projects. Sommelier, a co-processing protocol to the Ethereum Virtual...
Bitcoin News / Bitcoin.com - 2 years ago
On Sunday, digital currency markets have seen some slight improvements but overall since September 6, 2021, the $2.21 trillion cryptocurrency market capitalization is down 9.79% from $2.45 trillion. While dominant coins like bitcoin and ethereum have...
Cryptocoins News / The Cointelegraph - 2 years ago
ATOM price booked triple-digit gains after the network built out its DeFi ecosystem and works on cross-chain bridges for ETH and BTC. Momentum for the top layer-one pr...
More / Etherum Reddit - 2 years ago
Some of the other smart contract platforms (I don't like the word Eth-killer; I think the future is multichain) are starting to finally create cool apps and services and communities. solana and bsc both have solid ecosystems of builders. maybe in...