Review on Cosmos by Saparov Meylis

The platform focuses on interoperability with other blockchain networks. The Cosmos network is capable of interoperability with other cryptocurrencies and applications that other blockchain networks cannot achieve.

In the digital asset industry, many projects strive to establish themselves as leaders in their respective industries. However, with so many different projects, it is difficult for individual blockchain entities to interact with each other. Today Ethereum cannot communicate directly with Bitcoin and vice versa. This creates a tendency for blockchains to exist as isolated repositories and rarely share any information with each other.

If communication between the blocks were maintained, it would open up a world of opportunities for the industry. Some of the capabilities include cross-chain smart contracts and token exchange without using a third-party exchange. In addition, it is difficult to imagine a world in which the various platforms supporting our digital economy cannot communicate with each other.

Cosmos aims to become the "internet of blockchains". Just as the TCP / IP suite of protocols ensures the interoperability of the Internet, Cosmos is trying to establish a blockchain standard for interchain communication.

The architecture behind Cosmos consists of several autonomous blockchains called "Zones" attached to a central blockchain known as the "Hub". Zones are built using the Tendermint protocol and the Cosmos standard and can be written in any coding language.

The launch of the zone is akin to the launch of the ER20 token on Ethereum. Zones can also function as a link between Cosmos and other blockchains like Ethereum or NEO. Zones' versatility allows them to interact with other blockchains as well as the central Cosmos Hub. Zones are one of the strengths of the Cosmos and are a major contributor to its interoperability.

ATOMs are used to pay transaction fees at the main Cosmos hub as well as to participate in the consensus process.

Validators bet on ATOM to earn both block reward and transaction fees. To be a validator, you need to link their ATOMs (by blocking them) with enough ATOMs to be in the top 100 balances with the most bets on the network.



Validators running on Zone blockchains sync with the main Cosmos Hub. However, they also run a full node on the opposite blockchain on the other side of the bridge to confirm that the corresponding amount has been committed. The "original" tokens are locked in the multi-signature scenario until the bridge validator unlocks them and thus destroys the tokens on the cross-bridged blockchain. This allows digital assets to be transferred to different chains.