ethereum killer Archives - Top Crypto Game

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

Is EOS (really) worth $4 Billion? Can the biggest ICO in crypto & blockchain history deliver?

EllioTrades — Wed, 27 Sep 2023 06:24:48 +0000

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Cardano VS Polkadot: Who Can Defeat Ethereum? 👑

Altcoin Buzz — Tue, 24 May 2022 02:31:58 +0000

Ethereum ETH is the undisputed king of defi, but high transaction fees and a congested network have left room for many so-called ETH killers to challenge its rule. Cardano ADA and Polkadot DOT are two such contenders with tremendous promise. We look at each and consider their wallets, their scalability, governance, team, POS systems, Consensus mechanisms, recent announcements, partnerships, programming languages and tokens to determine which project has the best chance of overthrowing Ethereum.

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TIMESTAMPS
0:00 Introduction to Ethereum ETH Killers
2:02 Cardano and Polkadot DOT
3:56 Wallet Comparison
5:02 Scalability
5:52 Governance
6:37 Leadership Team
7:34 Validation of PoS
8:18 Consensus Mechanism
9:27 Recent Developments
11:06 Partnerships
13:30 Programming Language
14:14 Token Analysis

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