#COSMOS ATOM SOFTWARE#

The Cosmos network consists of three layers: zones, validators and delegators. How does the Cosmos network structure work? Specifically, once a zone is connected to the Cosmos Hub, it is interoperable with all other connected zones,В which means that blockchains with more different applications, validators and consensus mechanisms such as Ethereum, Bitcoin or even Cosmos (ATOM) can exchange data. In that sense, it leverages Tendermint consensuses to allow heterogeneous chainsВ to transfer tokens or data between each other. The Cosmos IBC communication protocol (ATOM) is a mechanism that allows information and transactions to be transmitted freely and securely between each connected zone. Blockchain Communication Protocol (IBC Protocol) To this end, in its modules, it includes aspects that influence the functionality of blockchain networks, such as participation, governance, and so on.

They can create complements and add any additional featuresВ they wish to have.

Developers can make use of these pre designed modules to avoid the hassleВ of thinking about building a blockchain from scratch.

To do so, it builds a set of basic modules that are necessary in the Cosmos Hub. In this development environment, the consensus manager is the Tendermint algorithm, which minimizes the complexity of the creation process.

#COSMOS ATOM SOFTWARE#

The software development kit (SDK), allows developers to create blockchains based on Cosmos Hub. To create a secure ABCI from scratch is difficult. For this purpose, it is connected between applications via the ACBI (Application Blockchain Interface) protocol. In this way, the network is secured, transactions are validated and blocks are sent to the blockchain. They also replicate, in a secure and consistent way, an application on many machines, which means that blocks of years can be executed in weeks. Tendermint is an algorithm created by Jaek Won in 2014, with the goal of providing a high security and high speed algorithm.ДЇor this reason, based on the premise of Byzantine Fault Tolerance (BFT), it is composed by a set of validators that are responsible for confirming new blocks in the blockchain.

What are the components of Cosmos (ATOM)? LetвЂ™s talk about Tendermint Core, Cosmos SDK and IBC Protocol. It was there that the real work on its network began, after mining the first block of the network. Subsequently, in September of the same year, the first test of the ATOM tokenВ technology was carried out, where failures were found that led the team to review the operation of the system.ДЇinally, in 2019, the main Cosmos network was launched. As a result, it collected USD 16 million. Kwon, considering the results of the above, was encouraged to take out an ICO (Initial Coin Offering) of ATOM tokens at 0.1 USD, aiming to sell more than 160 million tokens. The purpose of Gnuclear was to create an interoperable system for blockchain using the Tendermint consensus protocol,В a company also founded by Jae Kwon.Д«y August, the project was renamed to Cosmos Project or Cosmos Network.В Faced with the need for funds to carry out the process, in 2017, a private sale of a certain amount of ATOM was made at different prices (0.08 USD and 0.025 USD)В resulting in a considerable sum of dollars. It all started in 2016, when in June, its creator Jae Kwon published his article about a project called Gnuclear.

First, letвЂ™s look at its history and what has happened to make Cosmos (ATOM) such a spectacular project today.

Cosmos atom