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Cosmos ATOM: Review of the “Internet of Blockchains”



Written Overview:
High 6 Greatest ATOM Wallets:
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BTC Tipjar 🙏🏻: 35YDYtYAB999JxiXQXewzLvMGX4ki2d3WL

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⏰ Time Stamps ⏰

1:00 Introduction
2:00 Tech Stack
4:55 Tendermint Proof of Stake
6:32 ATOM Economics
7:18 Token Sale Overview
8:10 ATOM Provide & Inflation
9:22 Cosmos Group & Growth
10:18 Growth & Roadmap
10:55 ATOM Markets
10:39 EOSIO 2 Replace
11:51 Conclusion

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⛓️ 🔗 Useful Hyperlinks 🔗 ⛓️

► Web site:
► Tendermint Web site:
► Interchain Web site:
► Whitepaper:
► GitHub:

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📱️ Socials 📱

► Official Weblog:
► Twitter:
► Telegram:
► Reddit:

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📝 Challenge Overview 📝

The aim of this undertaking is to be the connecting fiber between all of the remoted blockchains.

With its “Web” of blockchains, which the undertaking refers to as its Cosmos Hub, Cosmos creates a community of blockchains interoperating with each other.

⚙️ Expertise ⚙️

There are three essential items to the Cosmos community stack: The Tendermint Core, the Software Blockchain Interface, and the Cosmos SDK.

Tendermint core is the a part of the Cosmos blockchain is the software program resolution that accommodates the Tendermint Byzantine Fault Tolerance, or BFT, consensus algorithm.

It additionally homes the Interblockchain Communication protocol, or IBC. IBC is the tactic by way of which community layers and the consensus layer talk to the hub and all the opposite linked blockchains, which Cosmos calls zones.

The ABCI gives for dApp replication with varied programming languages. For the reason that interface isn’t constricted to solely a single language, builders can create functions on their blockchain within the language of their alternative.

The Cosmos SDK is the applying layer of the undertaking’s community offering a fundamental blockchain framework to builders.

The Tendermint consensus mechanism known as Tendermint BFT which additionally contains many optimizations and options that go above and past what’s specified within the authentic PBFT mechanism.

💰️ Token 💰

ATOM is the native foreign money that was issued on the Cosmos Hub. That is the primary blockchain on the Cosmos community.

ATOM tokens have three use instances inside the Cosmos Hub. These are:

1. For charges as a spam prevention mechanism (much like Gasoline on Ethereum)
2. As staking tokens in an effort to incentisive sincere node behaviour
3. To take part within the governance of the Cosmos Hub

These ATOM tokens have been bought in an ICO in 2017 which befell over three separate rounds. A personal seed sale, a strategic non-public sale and an eventual public sale.

There’s dynamic inflation constructed into the protocol. The variety of ATOMs created for block rewards will rely on the quantity of ATOMs which are presently being staked on the community.

👨‍💻️ Group, Companions & Growth 👨‍💻

Cosmos is the brainchild of Ethen Buchman and Jae Kwon, but it surely’s presently supported by The Interchain Basis or ICF. Jae Kwon can also be the president of ICF.

ICF contracted improvement of the Cosmos Community to All-in-Bits Inc., the group that does enterprise as Tendermint, Inc.

There was in depth work executed on the protocol as could be evidenced by the quite a few GitHub commits.

📈 Buying and selling & Wallets 📈

ATOM is a well-liked token and is listed on exchanges resembling Binance, Huobi, OkEX, Kraken, Hotbit and lots of, many extra.

The amount is effectively distributed amoung them – the highest 10 exchanges have over 7 million {dollars} in each day turnover.

There isn’t any core pockets from Cosmos for the ATOM token though there are a variety of third get together wallets together with the Ledger Nano.

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📜 Disclaimer 📜

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable threat of loss. The speaker doesn’t assure any specific consequence.

#Cosmos #ATOM #crypto #Tendermint #Overview #Interoperability #Fintech #Binance #blockchain

Source: Coin Bureau

29 Responses

  1. Cosmos is breaking out of its downtrend now! Could we see $100 one day? Definitely a project with huge upside potential—even Binance Chain alone puts it way in front of most of the other projects.

  2. Hey Guy I absolutely loved this video on Cosmos. The fact that it is built on Google Go programming language was my main takeaway and the main reason why I think that Cosmos will ultimately outperform Eherum.

    Many thanks. I love you

    Paul ❤️

  3. Is it possible to do a review on the IRISnet…as it is part of the cosmos ecosystem atleast you can shine a light on it, news has its making a hub for BSN. I haven't found any other good video on this coin and seems it has potential.

  4. If you like money you MUST buy mHLX. Find it on Blockfolio. It is improved version of IOTA without any weaknesess and strong team. It has been in development for 2 years and now made its debut on exchanges. I must admit a very successful debut – +60% growth in few days after the listing. However it still has potential for 1000+% of growth. The current price is still a gift. I was in their office in Berlin and was impressed by the team attitude to the project and long term vision.

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