What is Cosmos?
Cosmos is a cryptocurrency that was developed to improve upon the shortcomings of Bitcoin. Cosmos aims to create a decentralized network of blockchains, which it calls “zones.” These zones can communicate with each other through a central blockchain, called the “Hub.” The idea is that this will allow for greater scalability and interoperability than what is currently possible with Bitcoin and other cryptocurrencies. Cosmos also aims to improve upon the governance model of Bitcoin, by giving users more control over the rules and parameters of the network. Finally, Cosmos seeks to create a more user-friendly experience than what is currently available on the Bitcoin network.
Who Are the Founders Cosmos?
Cosmos was founded by Jae Kwon and Ethan Buchman in early 2017. Kwon is a former engineer at Tendermint, a company that specializes in blockchain technology. Buchman is also a former Tendermint employee, and he currently serves as the CEO of Cosmos.
Cosmos Live Price.
Cosmos Price today is $5.53 USD, which is up by 4.69% over the last 24 hours. There’s a circulating supply of 235 Million coins and a max supply of ? Coins. ATOM price is down -3.8% in the last 24 hours. It has a circulating supply of 235 Million coins and a max supply of 410 Million coins. The most active exchange that is trading ATOM is Binance.
What Is the Purpose of Cosmos?
The stated purpose of Cosmos is “to create an Internet of Blockchains, where any blockchain can seamlessly interact with any other.” The goal is to make it easier for different blockchains to interoperate with each other, and to allow users to move their assets between different chains more easily. In addition, Cosmos aims to improve upon the scalability issues that have plagued Bitcoin and other cryptocurrencies. By creating a network of blockchains, Cosmos hopes to be able to process many more transactions than what is currently possible.
What Are the Key Features of Cosmos?
The key features of Cosmos include:
- Decentralized network of blockchains (zones) that can communicate with each other through a central blockchain (Hub)
- – Improved scalability through sharding
- – Improved governance model