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What is Cosmos


¿What is Cosmos?

Cosmos is a project that is focused on offering an architecture capable of linking several independent blockchains and exchanging information between them.

Cosmos is created by Jae Kwon in the middle of 2016, likewise the white paper of a project named Gnuclear was developed.

This proposal was based on developing an interoperable ecosystem for a fully decentralized blockchain, using the tendermint consensus protocol for such purposes.

The initial proposal was developed over time with the collaboration of the community.

It was not until August 5, 2016 that the project was given a new name called Cosmos.

¿What does it offer?

Cosmos offers a project that enables a whole new series of applications within the blockchain architecture.

It also offers to open lines of interoperability between blockchain projects.

Cosmos also offers its token called ATOM in which it develops an economic system that stimulates the work that maintains the entire network.

¿How does it work?

This project works under a configuration known as a hub.

Likewise, the cosmos hub is a chain of blocks that protects all the information of all the activities that occur and are executed within the different factors that are related to the network.

¿How is it regulated?

Being a decentralized project, there is no financial entity that regulates it.

¿Why do people use Cosmos?

Cosmos is well known by users, as it rests on the origins of cryptography, such as sound economy, clarity, and commitment.

Apart from offering new support for upcoming financial procedures.

In turn, users use cosmos as a sample for the design of a new cryptocurrency, it is also used as an update of a present crypto.

Finally, it is used as a decentralized exchange medium and as a network for scalable smart contracts.

¿How is Cosmos different from other projects?

Unlike other projects, cosmos does not have standardized rules on the network, in turn it allows any user to create a hub chain or sovereign chain. The purpose of the creation is the union of other blockchains.

Likewise, the HUB-zone modality makes the information more effective.

Cosmos focuses on inter-blockchain asset transmission, which is a simpler protocol.

¿Where can I buy it?

One of the ways where you can buy ATOM is through Binance as it has a lot of tradable variety in trading, you can exchange a cryptocurrency, fiat cryptocurrencies or just use a debit or credit card to buy the stablecoin, deposits are also allowed banking.

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more you can visit the following link:

¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?

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