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Cosmos Fundamental Analysis
Cosmos serves as a multifunctional open-source platform, which aims to create an ecosystem that allows you to link and exchange information between various existing block networks in a fully decentralized way. It tends to solve one of the biggest problems of modern blockchain networks, which, in essence, is that they cannot communicate and conduct transactions among themselves without the use of intermediaries, including centralized exchanges. It opens greater possibilities of interoperability between cryptocurrencies. This project came into existence in 2014 thanks to the initiative of the Interchain Foundation (ICF), a Swiss non-profit Foundation and is developed by All in Bits Inc., a software development company run by Jae Kwon and Ethan Buchman. The main function of Cosmos is to close the communication gap between the different Blockchains in the market. To fulfill that purpose, it builds the "Internet of Blockchains" consisting of a central Blockchain called "Hub", surrounded by multiple independent chains called "Zones". Thus, the blockchains brought together by Cosmos are not directly interwoven with each other, but they all connect to a Hub, which acts as an intermediary for exchanges between the chains. So there is no need for them to trust each other, but to do so in the central Hub to which they are connected. From the Cosmos consensus-building system, Tendermint, the capacity to interconnect these chains with each other is generated, allowing the exchange of tokens between different chains, with operations and governance independent of each other. By allowing heterogeneous blockchain networks to communicate with each other and at the same time arming users with the ability to create their own hubs, Cosmos allows for the creation of a globally interconnected blockchain network, regardless of the programming language and the operation of each Blockchain. Cosmos has also created a token for the use of its system other than ATOM. We refer to the photons, tokens used in the payment of commissions and fees, exercising the same function as gas in Ethereum.
Cosmos Live Price Chart
Cosmos Technical Analysis
Cosmos Price Prediction
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