What is Cosmos?
Description
Cosmos (ATOM) was born as a project with the aim of creating the "Internet of Blockchains," aiming to solve some of the most critical problems in the field of cryptocurrencies: scalability, interoperability, and usability. Cosmos's vision is to create an ecosystem of interconnected blockchains that can exchange data and tokens seamlessly, without the need for intermediaries. Cosmos aims to overcome the limitations of some existing blockchains that operate in isolated silos and often encounter scalability issues. By using a series of innovative tools, such as Tendermint Core for consensus and the Inter-Blockchain Communication (IBC) protocol for interoperability, Cosmos facilitates the development of decentralized applications (DApps) and the creation of new blockchains with relative ease.
ATOM is the native token of the Cosmos Hub, used for staking in the consensus mechanism, paying transaction fees, and participating in network governance.
Technology
The technology underlying Cosmos revolves around two main components: Tendermint Core and the Inter-Blockchain Communication (IBC) protocol.
Tendermint Core: At the heart of Cosmos lies Tendermint, a Byzantine fault-tolerant consensus mechanism that enables the replication of applications across multiple computers in a network securely and consistently. Tendermint Core enables high performance and low latency, allowing Cosmos blockchains to achieve thousands of transactions per second.
Inter-Blockchain Communication (IBC): IBC is the protocol that enables independent blockchains to exchange data and tokens. This is what allows interoperability within the Cosmos ecosystem, enabling different blockchains to communicate and interact securely and trustlessly.
On Conio it is possible to buy and sell ATOM (Cosmos's native blockchain currency), however, it is not yet possible to withdraw and deposit ATOM. On the other hand, you can use the "Convert" function to convert ATOM to another asset from among those in the Conio marketplace.
What is Cosmos?
Description
Cosmos (ATOM) was born as a project with the aim of creating the "Internet of Blockchains," aiming to solve some of the most critical problems in the field of cryptocurrencies: scalability, interoperability, and usability. Cosmos's vision is to create an ecosystem of interconnected blockchains that can exchange data and tokens seamlessly, without the need for intermediaries. Cosmos aims to overcome the limitations of some existing blockchains that operate in isolated silos and often encounter scalability issues. By using a series of innovative tools, such as Tendermint Core for consensus and the Inter-Blockchain Communication (IBC) protocol for interoperability, Cosmos facilitates the development of decentralized applications (DApps) and the creation of new blockchains with relative ease.
ATOM is the native token of the Cosmos Hub, used for staking in the consensus mechanism, paying transaction fees, and participating in network governance.
Technology
The technology underlying Cosmos revolves around two main components: Tendermint Core and the Inter-Blockchain Communication (IBC) protocol.
Tendermint Core: At the heart of Cosmos lies Tendermint, a Byzantine fault-tolerant consensus mechanism that enables the replication of applications across multiple computers in a network securely and consistently. Tendermint Core enables high performance and low latency, allowing Cosmos blockchains to achieve thousands of transactions per second.
Inter-Blockchain Communication (IBC): IBC is the protocol that enables independent blockchains to exchange data and tokens. This is what allows interoperability within the Cosmos ecosystem, enabling different blockchains to communicate and interact securely and trustlessly.
On Conio it is possible to buy and sell ATOM (Cosmos's native blockchain currency), however, it is not yet possible to withdraw and deposit ATOM. On the other hand, you can use the "Convert" function to convert ATOM to another asset from among those in the Conio marketplace.