#COSMOS ATOM SOFTWARE#
#COSMOS ATOM CODE#
#COSMOS ATOM SERIES#

Using the Tendermint BFT algorithm, the network reaches a consensus between all the blockchains in the Cosmos network connected through the IBC protocol. BFT is a Proof-of-Stake governance mechanism that keeps the distributed network working in sync with Cosmos Hub. And that’s what makes the Tendermint algorithm the backbone of the Cosmos network. But it’s only achievable with the outsourcing tools like the Tendermint Byzantine Fault Tolerance (BFT) engine. When all of these layers are combined, developers can easily build applications.

Consensus: To facilitate an agreement of the network.

Hubs and networking: Cross-chain communications happen here in which each blockchain interacts with one another to facilitate the transactions.

#COSMOS ATOM SOFTWARE#

Application layer: This top layer of blockchain software defines the state and state-transition function.

There are three important layers that make up the Cosmos networks: For example, any proof-of-stake cryptocurrencies like Cardano (ADA) can connect to the IBC.Īnother of Cosmos’s goals is to make it easier for users to create and launch decentralized applications (DApps) in the network by solving sovereignty issues in other networks (e.g., Ethereum). This communication of disparate blockchains known as the Inter-Blockchain Communication (IBC) protocol helps expand the interoperability non-limited to blockchains that are Temdermint-based. To maintain the interoperability between all zones within the Cosmos network, the Cosmos Hub uses Proof-of-Stake (PoS) mechanism. Subsequently, co-founder Ethan Buchman and Jae Kwon authored and released a white paper about Cosmos in 2019, and Cosmos was officially launched on the mainnet in March of the same year.

#COSMOS ATOM SERIES#

The fundings collected from Tendermint Inc through Series A fundings further support the development of Cosmos. A few years later, in 2017, ICF held an ICO of ATOM tokens and has successfully raised over $17 million. The Cosmos network was then launched through the Interchain Foundation (ICF) support with the core of the Tendermint consensus algorithm. In 2014, computer scientist Jae Kwon developed Tendermint, an open-source blockchain launching software. The native token (ATOM) is used to sustain the ecosystem by rewarding validators and staking. The Cosmos Hub serves as a central network to connect the different chains into a dedicated zone to interact with one another. But what has Cosmos brought that makes it stood out from the rest? Also, could it be a sign for Cosmos to overtake some of the crypto titans that promise a similar projection? What Is the Cosmos Network?Ĭosmos is dubbed the “internet of blockchains” that aims to create a network to bridge the gaps for cross-chain to exchange data without central supervision and streamline transactions. Shortly after its launch, Cosmos has successfully climbed the ladders in the crypto market as one of the most promising investments in 2021.

While the tools provided help facilitate the building of decentralized applications on the Cosmos network. Since Cosmos focuses on customizability, that is precisely how Cosmos’ Inter-Blockchain Communication protocol thrives.

#COSMOS ATOM CODE#

Since the blockchain is undeniable rigid, developers are left with two choices - either fork the code to build their own chains or uses middleware systems to bridge the gaps.

Interoperability has been a struggle for most blockchains to exchange usable data and for cross-chain communication.

Cosmos atom