The Cosmos blockchain is a dual-layer ecosystem that supports blockchain version 3.0 and allows the connectivity of other independent blockchains already in existence. Additionally, it acts as a platform for the development of new apps that do not rely on a centralized server. Considering this, it appears that the Cosmos project will allow for the interconnection of networks such as Bitcoin and Ethereum. Two layers make up what’s known as a blockchain platform. The application layer is the second layer, which comes after the network layer and the consensus layer in the stack’s hierarchical organization. The network layer and the consensus layer make up the first layer. For it to function properly, it consists of two components, which are referred to as Zones and Hubs respectively. The Zone chain is an autonomous blockchain like Bitcoin, and the Hub chain is used to join numerous chains. Both chains are part of the distributed ledger known as a blockchain. Using the IBC technology, it is possible to combine blockchains that use distinct protocols, such as Proof-of-Work and Proof-of-Stake. The software that enables developers to establish personal projects for no cost is called the Software Development Kit (SDK), and it is part of the application layer of the blockchain.
This is an article about the Cosmos project that may be of interest to you if you are just interested in learning about the project in general or if you are a beginner who is interested in getting into crypto and thinking about using the Cosmos project. Alternatively, you may simply be interested in learning more about the Cosmos project.
About Cosmos (ATOM)
Its development technique is targeted at achieving modularity, which makes it possible to write code quickly and easily by reusing parts from other programs. Binance Chain, Crypto.com, and Kava are just a few of the company’s many successful ventures. Proof of Stake (PoS) is a consensus technique that may be used on this platform. The purpose of this protocol is to encourage users of the network to keep validator nodes running in order to keep the network functioning. The fact that there is no fee associated with the process of building new applications is one of the primary benefits of the project. Scalability is a characteristic of the project, which provides a solution that is appropriate for the number of transactions that may take place in a second using more established blockchains like Bitcoin or Ethereum.
Pros of Cosmos (ATOM)
The following are some of the advantages of the project: it is supported by important projects such as Binance Chain; it has control of generated blockchains, unlike other blockchains; the Cosmos developer tool lets one create their blockchain having its governance structure with normal and independent laws of the project; it allows the interconnection between several networks thanks to the IBC tool, this is known as Interoperability; there is free application development, ac the Cosmos project allows users to create their applications without having to make any payment, et cetera.
Cons of Cosmos (ATOM)
Despite the many advantages of using the Cosmos project, it has a few cons, which limit its efficiency. One of the disadvantages of the project is the low capitalization of the ATOM token, which is since the use of its token is not made compulsory by the platform when making payments for transactions. Another vital disadvantage is that the project is not popular despite its numerous potential. This problem is caused by the feature of the project as an engine for other projects including Binance Chain and Kava. Aside from this, the low capitalization of its token when compared to others, makes the project even more unpopular.
