Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-09-06 23:10:13

Cosmos: Great Blockchain, Mediocre Investment

SummaryCosmos is dubbed the "internet of blockchains" and has shown convincing potential.With proposal 72, the ecosystem could take a massive leap forward.However, the inflationary nature of the ATOM token makes it less attractive as an investment.OverviewATOM (ATOM-USD) is the native coin of the Cosmos Network. Cosmos is a decentralized network of independent parallel blockchains developed by The Interchain Foundation, a Swiss non-profit. Cosmos allows interoperability between blockchains; normally, blockchain networks are siloed ecosystems that have no openness to communicate with each other. Just like on the Internet where different apps and protocols communicate with each other, Cosmos is building an Internet of Blockchains. ATOM powers transactions in the Cosmos ecosystem.Cosmos TechnologyCosmos achieves interoperability between blockchains using a set of tools and consensus. Cosmos is a dual-layer blockchain. On the first layer, the networking and consensus are packaged into a generic engine; this allows developers to focus on application development rather than the complexities of the underlying protocol. Cosmos uses the Tendermint BFT for this first layer; BFT stands for Byzantine Fault Tolerance. Tendermint BFT is responsible for transmitting transaction and consensus-related messages on Cosmos.The second layer, known as the application layer, allows developers to create their own blockchains using the Cosmos SDK. The...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.