
Cosmos
Blockchains
Description
"Blockchain 3.0" is one of the numerous terms that have been used to describe Cosmos, and it is also one of the names it has been given. The ecosystem allows for not only intelligent contracts but also a safe and secure form of transaction and trade that does not need the involvement of any third parties.
Because the Cosmos platform is user-friendly and open-source, anybody may use it to create decentralized blockchains. The Tendermint BFT consensus algorithm will power the Cosmos blockchain. This algorithm will be the blockchain's driving force. This method assures that all nodes agree on the sequence in which transactions will be performed and the transactions themselves.
The Cosmos network is organized into zones. Inside each zone are several validators, also known as nodes, responsible for confirming transactions and blocks within their zone. Furthermore, each zone has its governance system, which may be set differently from the systems used in the other zones depending on the needs.
Platforms
Web
Tags
blockchain smart contract proof of stake layer 0 blockchain
Links
Goto Homepage

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More detailsReviews
Mark
2022-06-22 11:27:27
Cosmos is a solid cryptocurrency that solves an important problem for the crypto industry. Connecting blockchains allows individual cryptos to excel in one particular area, then cooperate with other blockchains that have complementary strengths. Each currency does not have to solve all the problems to succeed.