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.
Cryptocoins News / NewsBTC - 1 year ago
Cosmos (ATOM) ranged in a wedge against Tether (USDT) as it builds more strength to break above the $12 key resistance. The price of Cosmos ATOM has shown bullish strength as the price breaks above resistance after ranging for days. (Data from Binanc...
Cryptocoins News / CoinJournal - 1 year ago
Cosmos (ATOM) trades around $10.86, nearly 10% down in the past 24 hours.
ATOMUSD was rejected around $12.25 and could dip to support below $10.00.
Crypto analyst Michael van de Poppe says a breakdown to $8.00 is possible, although holding above cur...
Cryptocoins News / NewsBTC - 1 year ago
The crypto market is trending to the upside and recovering some of its last weekβs gains with Polygon (MATIC), and other altcoins following the general trend. Digital assets seem to be positively reacting to the earnings reports from legacy companie...
Cryptocoins News / CryptoNinjas - 1 year ago
Cronos, the first EVM-compatible layer-1 blockchain built on the Cosmos SDK, announced today the nine participants selected for the first cohort of its flagship $100M-backed Cronos Accelerator Program.
The Cronos Accelerator is a 10-week program desi...
by COINS NEWS - 1 year ago
I'm forever bullish on Cosmos and IBC. Open standard, removes wrapper centralization, you don't have to spend marketing dollars just for the right to exist, removes bridges/wrappers as a forever risk that never goes away.
Anyone in defi whose used w...
More / Etherum Reddit - 1 year ago
There has been a lot of talk about EVM in the past couple of days but i have to admit that Polygon was the most impressive, for delivering a fully-featured zkEVM in a single year, while some people were speculating that developing such technology if...
Cryptocoins News / CoinJournal - 1 year ago
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial c...
by COINS NEWS - 1 year ago
Intro
This will be a guide for entering the Cosmos ecosystem and all the great projects that come with it. In this post, I want to speak about how I made my way into Defi, especially Cosmos.
This is not financial advice. I just want to tell people w...
Cryptocoins News / CryptoNinjas - 1 year ago
Umee, a cross-chain borrowing & lending platform built on the Cosmos SDK, announced today the development of Orion, the first decentralized price oracle native to the Cosmos blockchain ecosystem.
The price oracle will allow applications to accur...
Cryptocoins News / CoinJournal - 1 year ago
Cosmos (ATOM) is among the few cryptocurrencies that have experienced some gains in the past 24 hours as the majority of coins continue to fall.
At the time of writing, ATOM was trading at $8.82, up 9.2% in the past 24 hours. It has hit a daily high...
Cryptocoins News / Blockchain - 1 year ago
Ignite CEO, Peng Zhong, has parted ways with the company. A few days ago, the firm announced job cuts of more than 50% of its employees amid the difficult market conditions. (Read More)
Cryptocoins News / CoinJournal - 1 year ago
Cosmos is regarded as the internet of blockchains
Cosmos’s token ATOM has gained by double digits in 24 hours
The token is recovering but trades below a key resistance
Cosmos native token ATOM/USD is staging recoveries after recent dive...
Cryptocoins News / NewsBTC - 1 year ago
The price of Cosmos (ATOM) has not been left behind by the present cryptocurrency rally. ATOM is currently trading at $7.66, its highest price since the middle of this month. Since its low point in June, the tokenβs value has increased by about 40 p...
Cryptocoins News / The Cointelegraph β - 1 year ago
On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum layer 2, announced that it would be moving to a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus for its v4 update. The firm cite...
Cryptocoins News / NewsBTC - 1 year ago
Ethereum-based decentralized trading platform dYdX will be deployed as an independent blockchain on the Cosmos ecosystem. The team behind the project made the announcement this morning leading to a positive reaction for its governance token, DYDX.
R...
Cryptocoins News / NewsBTC - 1 year ago
The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours.
Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2 billion. ATOM...
Bitcoin News / Bitcoin.com - 1 year ago
ATOM was trading over 15% higher on Friday, as prices rose for a second consecutive session. Today’s rise took ATOM to its highest point since the start of the week, and comes as AAVE neared a 10-day high.
Cosmos (ATOM)
ATOM was one...
Cryptocoins News / The Cointelegraph β - 1 year ago
Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an algorithmic stablecoin project whose market valuation fell by 99% last week.Cosmos TVL down f...
Bitcoin News / Bitcoin.com - 1 year ago
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two...