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Cosmos is a public blockchain that allows you to exchange currencies and use smart contracts. This protocol, launched by Ignite in 2016, fits into the broader philosophy of the “Internet of Blockchains”, which aims to simply connect multiple networks to each other..
The native Cosmos token is designated ATOM and is non-minable. Owners can earn more by securing the network with staking..
General Information Created Date 2016 Creator Ignite Stock Symbol ATOM Chain Features Minable No Block Size Dynamics
In 2014, developers Ethan Buchman, Peng Zhong, and Jae Kwon created Tendermint and the consensus algorithm of the same name, which aims to be resistant to Byzantine breaking.
In 2016, the project’s white paper was published, followed by an initial coin offering that raised $17 million in Ether. The purpose of the Cosmos blockchain is to become the center of a larger ecosystem that different networks can connect to and interact with. Thus, the Cosmos SDK allows developers to create blockchains and decentralized applications that can interact with each other.
ATOM holders can lock their tokens with validators to secure the network and in return receive compensation through proof of stake. In addition, decisions regarding the development of Cosmos are subject to management votes, which enhances the community aspect.
In February 2022, Tendermint changed its name to Ignite and was led by Peng Zhong. Jae Kwon is still present to continue development of the Cosmos SDK and Gno.land, an ecosystem-integrated blockchain that aims to compete with Ethereum.. In August of the same year, the Interchain Security functionality is announced for deployment in January 2023. ; this will allow some blockchains to secure others and therefore generate more tokens as staking rewards..
If the Cosmos blockchain is the heart of the ecosystem of the same name, many other networks have emerged since then with their own utilities. The table below lists the main Cosmos blockchains.
Name Creation date Symbol Note
2016 ATOM Blockchain Central Ecosystem
2021 OSMO blockchain, on which OsmosisLab, Cosmos’ first decentralized exchange, was created
March 25, 2021 Crypto.com Enterprise Core Blockchain CRO
2021 Decentralized Finance Blockchain CRO by Crypto.com
The 2018 LUNA blockchain that collapsed in May 2022
2022 EVMOS Ethereum Virtual Machine
JUNO 2021 blockchain focused on smart contracts
Blockchain SCRT 2020 focuses on data privacy
Blockchain STAR 2021 focuses on NFTs
The REGEN 2020 blockchain is being used, among other things, to validate carbon credits.
2021 CMDX Decentralized Finance Application
2020 DVPN Decentralized VPN
2021 HUAHUA Memcoin
2021 AXL Bridge to Ethereum
2021 BLD Bridge to Ethereum
2021 KUJI. Previously a DeFi app on Terra, now has its own blockchain.