Review on Cosmos by Fanuel PORPORTY
Cosmos, the platform that revolutionizes blockchain technology
Cosmos Network is the network behind Atom (ATOM), which is the primary cryptocurrency on the Cosmos platform, which is designed to facilitate communication, scaling and interoperability between independent channels. Cosmos is looking to consolidate multiple blockchains within a single platform.
Cosmos is a decentralized network of independent parallel blockchains powered by consensus algorithms like Tendermint. Byzantine Fault Tolerance is a feature of a blockchain’s consensus algorithm that allows it to reach consensus in a decentralized environment that could potentially contain malicious consensus check nodes in it.
Pros
- This innovative vision of Cosmos allows developers to easily generate blockchains.
- The protocol is fast and efficient. By creating a block every second, you can process thousands of transactions very quickly.
- Governance is another advantage of the Cosmos ecosystem. Each blockchain generated keeps its sovereignty and its rules. This authenticity optimizes the blocks and allows them to adapt to all use cases.
- Efficiency is another advantage of the protocol, because developers save precious time by focusing only on the development of applications.
Cons
- The level of security is not yet optimal, errors of machines, in particular of the engine, can be committed. This flaw opens the way for malicious validators to steal users.
- The blockchain network is constantly exposed to the risk of failure. If an area specific to the network is prone to faults, the entire network is likely to be compromised. To avoid this tragedy, the developers of the Cosmos network must be vigilant.
