Cosmos is a decentralized ecosystem of independent blockchains that its creator, All In Bits Inc (dba Tendermint Inc), hopes is the foundation for the next generation of internet technology. Atom is the proprietary staking coin used by the network and also tokenizes transactions. Cosmos aims to create a network of crypto networks united by open-source tools for streamlining transactions between them. The Cosmos Hub, a proof-of-stake blockchain, is powered by its native ATOM cryptocurrency. Instead of participating in divisions between crypto factions, Cosmos brings them all together, enabling interoperability, currency exchanges, and an Internet of Blockchains. Cosmos integrates processing/verification hubs to keep everything running together. Hubs use a proof-of-stake consensus to validate Tendermint transactions. Cosmos is more than just a bridge between blockchains. This platform also features a full suite of products and features that make it an impressive option in the market. Cosmos introduces a next-generation technology stack that provides developers access to powerful tools that increase blockchain creation efficiency.
Original author – Jae Kwon
Initial release – 14 February 2020
Development status – Active
Website – cosmos.network