Cosmos

<h2 id="header-0">Introduction</h2><p>The Cosmos blockchain was developed with the goal of facilitating communication between distributed ledgers without relying on a centralized server. The Cosmos white paper was published in 2016, and the network was soon regarded as the Internet of blockchains by its founders who wanted to create an interoperable platform of open-source blockchains that could streamline transactions between them.</p><h2 id="header-1">How Does Cosmos Work?</h2><p>The Cosmos network is an ever-expanding ecosystem of apps and services interconnected. It uses several key components to ensure that blockchains can communicate securely:</p><h2 id="header-2">Hubs    </h2><p> Each zone connects to another zone through hubs. Cosmos Hub is the mainhub, but other hubs can also be created. Each zone can function autonomously, from authenticating accounts and transactions to creating      and distributing new tokens and executing blockchain changes. The hubs act      as a central hub for the network that keeps track of each zone&#39;s state.</p><h2 id="header-3">Tendermint      </h2><p>Byzantine Fault Tolerance (BFT): Cosmos SDK tools use by default the Tendermint Byzantine fault tolerance (BFT) engine consensus protocol to secure the network. The Tendermint BFT algorithm validates transactions      and executes blocks to the blockchain, it uses a protocol called the application blockchain interface to connect to applications.</p><h2 id="header-4">Inter-Blockchain      </h2><p>Communication (IBC): Hubs and zones communicate through the Inter-Blockchain Communication, or IBC, protocol, which allows them to interact. The IBC protocol enables the transfer of tokens and data between different blockchains, making it possible for different blockchains to communicate with one another.</p><h2 id="header-5">Features of Cosmos</h2><p>Cosmos is a high-performance blockchain platform that offers unique features such as Decentralization, open-source, scalability, interoperability and SDK for building customizable blockchains. The governance and staking mechanism ensures the security and health of the network. All these features put together make it a promising player in the blockchain ecosystem.</p><h2 id="header-6">Decentralized and Open-source</h2><p>The Cosmos network is fully decentralized and open-source. This allows for transparency and community-driven      development.</p><h2 id="header-7">Scalable and Interoperable</h2><p>Cosmos allows for scalability by allowing for the creation of multiple independent parallel blockchains that can communicate with each other through the IBC protocol. This allows for a high throughput of transactions and opens the possibility for a wide range of blockchain use cases.</p><h2 id="header-8">SDK for Building Customizable Blockchains </h2><p>The Cosmos team has built a software development kit (SDK) that allows developers to build their own      blockchains on the Cosmos network, called Zones. The SDK provides a set of common functionality among blockchains such as staking, governance, and tokens, through well-known and simple-to-use software development programs like GO, that developers can use to create plugins and add any features      they want.</p><h2 id="header-9">Governance and Staking:</h2><p> The Cosmos network uses a proof-of-stake (PoS) consensus mechanism, which allows for token holders to stake their ATOMs and earn rewards. The top 100 stakers can become validator nodes to power the blockchain and vote on changes. The higher the amount of ATOM staked, the higher the voting power for the validators. Additionally, token holders an also delegate their tokens to validators, incentivizing validators to perform honestly, and users can easily switch between the validators they delegate ATOM to depending on their voting preferences.</p><h2 id="header-10">Conclusion</h2><p>In summary, Cosmos is a decentralized network of independent, parallel blockchains that facilitates communication between them, allows interoperability</p>

Cosmos: Connecting the dots in the decentralized world

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