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Cosmos and Atom Explained | 2 Minute Crypto

Altcoin Buzz — Sun, 21 Jan 2024 08:40:10 +0000

The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.

While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.

As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”. Fee distribution is done in-protocol and a protocol specification is described here.

As staking tokens, Atoms can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network.

Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.

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DISCLAIMER
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

#cosmos #atom #ethereum

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The post Cosmos and Atom Explained | 2 Minute Crypto appeared first on Top Crypto Game.

Hottest EVM Altcoin | EVMOS = Ethereum + Cosmos 👀

Altcoin Buzz — Sat, 13 May 2023 10:48:58 +0000

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Evmos is a layer 1 blockchain that is the first chain that manages to connect the Ethereum and the Cosmos ecosystems. Now Ethereum dApps can deploy on Cosmos and enjoy its fast transaction speed and low cost.

●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬▬●

TIMESTAMPS
0:00 Ethereum and Cosmos Join Forces
2:18 Intro to EVMOS
3:35 Strengths of EVMOS
5:33 Competitors
6:30 Risks
7:53 The Team
8:38 Ecosystem
9:40 EVMOS Tokenomics
11:54 The Rektdrop
12:59 Final Thoughts

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#EVMOS #Ethereum #Cosmos

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5 Cryptocurrencies worth HODLING forever! #shorts

Altcoin Buzz — Sat, 11 Feb 2023 07:36:09 +0000

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●▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬●
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Please do your own due diligence and rating before making any investments and consult your financial advisor. We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

Altcoin Buzz may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners.

#cryptonews #coldstoragewallet #binance #shorts

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KAVA Network Explained | 2 Minute Crypto

Altcoin Buzz — Sun, 05 Feb 2023 05:02:44 +0000

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Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum.

The Kava Network uses a developer-optimized co-chain architecture. The Ethereum Co-Chain enables support for EVM smart contracts while the Cosmos Co-Chain enables the lightning-fast Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC).

The two co-chains are connected by a translator module that enables them to interoperate seamlessly, bringing the two most used blockchain development environments together in a single, scalable network.

The Kava Network features a native governance and utility token, KAVA, that can be staked by validators or delegated to validator nodes. Stakers and delegators earn 37.5% of all KAVA emissions as a reward for securing the network. Kava stakers also have voting rights in network governance proposals.

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#Kava #ethereum #cosmos

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Crypto Reversal? | Cosmos ATOM Price Prediction

Altcoin Buzz — Tue, 18 Oct 2022 21:28:30 +0000

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Cosmos ATOM is in a clear downtrend but showing some signs of a reversal coming in. But before we see the reversal, we might see more downward price action. What will be the ATOM bottom? What price levels should you be looking at? Let’s see what Frank has to say!

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How HIGH can Cosmos go | COSMOS ATOM Price Prediction

Altcoin Buzz — Wed, 28 Sep 2022 08:01:55 +0000

ATOM/USDT is likely just about to register its first green week on the MACD histogram.

The 3D timeframe is showing two bearish pin bars resisting from the upper Bollinger Band along with the first signs of loss of bullish momentum on MACD histogram – bearish.

The current leg up is supported by a very strong base of support from previous price action, unlikely to break that.

TIMESTAMPS
0:00 Intro
2:23 ATOM Price Prediction

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#crypto #cosmoscrypto #cosmosatom

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SURVIVE The Crypto Bear Market | Top 4 Altcoin Strategy 💯

Altcoin Buzz — Fri, 01 Jul 2022 09:09:10 +0000

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We thought the bottom was in for the market but now we aren’t so sure…..In case markets do go lower, you want to protect yourself with strong coins. In this video, we look at 4 great projects including a DeFi protocol you probably didn’t know was so successful, 2 great interoperability projects, and what we think is the best DeFi infrastructure project on the market today.

TIMESTAMPS
0:00 Crypto Bear Market
1:47 Polkadot DOT
3:56 Cosmos ATOM
6:55 Chainlink LINK
8:48 Venus Protocol XVS

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MUSIC
The Life and Death of a Certain K. Zabriskie, Patriarch by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 license.
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#cosmos #polkadot #chainlink

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10 Reasons Why Cosmos Atom Will Be MASSIVE!

Altcoin Buzz — Thu, 24 Feb 2022 13:15:08 +0000

In this video we discuss the top 10 reasons why ATOM is one of the best altcoins to buy now. Cosmos (ATOM) has a vision to become the bridge between blockchains through a set of open-source tools like Tendermint, the Cosmos SDK, and IBC protocol. Moreover, these tools allow developers to build custom, secure, scalable, and interoperable blockchain-based solutions.

ATOM, the platform’s native cryptocurrency fuels the Cosmos Hub. In addition to executing smart-contracts, ATOM is also used in completing transactions on the Cosmos network. Moreover, the token is a license for its holders to vote, validate, or delegate to other validators.

Timestamps
0:00 Introduction to Cosmos ATOM
1:40 Tendermint
2:13 Varied Consensus
2:47 Cosmos SDK
3:09 Inter-Blockchain Communication Protocol (IBC)
3:37 Scalability
4:28 Usability
4:58 The Team
5:51 The Ecosystem
6:18 Developments
6:38 Roadmap Achievements
7:14 Final Thoughts on Interoperability

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Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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