March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
Price:
$14.63
Mkt Cap:
$4,182,870,316
View Coin Page
Project Fundamentals
- Cosmos is an interoperability platform bringing together a diverse range of blockchain projects.
- Cosmos defines itself as a “decentralised network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus.”
- This vision of Interoperability loosely classifies Cosmos as a third-generation cryptocurrency
Partnerships / Implementation
- To bring together this diverse range of blockchains, Cosmos uses Cosmos Hubs as singular entities to connect all blockchains.
- The Cosmos Blockchain is just one in thousands of different Hubs in the ecosystem.
- Rather than developing an individual bridge between blockchains, Hubs provides a singular secure location.
- Currently, there are a wide range of projects using Cosmos, including Binance Chain, Arago, Terra Protoco and IRISnet.
Roadmap and Announcements
- Cosmos was launched in 2019 by well-known blockchain developer Jae Kwon who founded the company in 2014.
- The native currency of the entire Cosmos network is Atom, which has the dual purpose of staking and governance.
- ATOM can be staked by validators on the network, with reward’s being paid from the minting of new tokens through an annual inflation rate based on the proportion of circulating ATOM being staked.
- The interoperability-focused blockchain network Cosmos has dropped a new white paper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its Cosmos.
- The new Cosmos white paper was released on September 26th, 2022 at the Cosmoverse conference in Medellin, Colombia.
Technical Analysis
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Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
