Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint. The project aims to solve the interoperability and scalability issues facing many blockchains today. Its main focus is to enable different blockchains to communicate and transact with each other in a decentralized manner. Cosmos provides a framework for building interoperable blockchains, called "zones," and a protocol for connecting them, known as the "Cosmos Hub."
The Cosmos Hub serves as the central hub connecting various independent blockchains within the Cosmos ecosystem. It facilitates inter-blockchain communication (IBC), allowing tokens and data to be transferred securely between different blockchains.
ATOM is the native cryptocurrency of the Cosmos network, used for staking, governance, and as a means of exchange within the ecosystem. Validators secure the network by staking ATOM tokens, and token holders can participate in on-chain governance to propose and vote on network upgrades and parameter changes.
Overall, Cosmos aims to create an internet of blockchains, where different blockchain applications can interact seamlessly, fostering innovation and enabling new use cases for decentralized technology.
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