Cosmos (ATOM) price

Cosmos is a secure & scalable blockchain ecosystem where thousands of dApps interoperate to create the foundation for a new token economy. The network is made of many independent blockchains that utilize Byzantine fault-tolerant (BFT) consensus mechanisms, including Tendermint BFT. (BFT is the feature of a distributed network to reach consensus even when some of the nodes in the network fail to respond or respond with incorrect information.) Each individual blockchain maintains control of its own governance but is interoperable with other blockchains in the network. Blockchains not using BFT algorithms can be connected to the Cosmos network via “adaptor” blockchains.

The goal of Cosmos

Cosmos was not designed for one particular use case, but to be adaptable to suit many different use cases. The project tries to solve several blockchain problems, focussing on scalability, usability and interoperability. Cosmos aims to create what they describe as the “‘Internet of Blockchains”, a network of blockchains able to communicate with each other in a decentralized way. ATOm is the native staking token of the Cosmos Hub, however, it’s not the sole asset of the Hub or the entire network. The Cosmos Hub is a “multi-asset” blockchain and other blockchains in the network can have their own native assets.