Cosmos

Cosmos

Created using Figma
Created using Figma
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. For example, if you wanted to trade bitcoins for ether today, you would have to sell your bitcoins for a fiat currency on an open exchange and then use that fiat currency to buy ether on another exchange. The problem is, many of our exchanges today are plagued by hacks, theft, and cons. Two prime examples are what happened at Mt. Gox and more recently Bitfinex.
Risk: High
Apr 6, 2017
Apr 6, 2017
100% completed
$17 000 000
cap
goal
35% goal completed
Goal 8 700 BTC
Cap 14 700 BTC
past
  • 450 ATOMS
    =
    1 BTC
Company Details
Registered Country
Canada

About Cosmos

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. Scaling is another open issue for blockchains. Both Ethereum and Bitcoin support only a fraction of the transactions seen daily on payment networks like Visa or Mastercard. In contrast, zones allow Cosmos to scale out indefinitely. Another problem blockchains run into is how to handle upgrades when new versions come out. Getting all of the validators ('miners' in the case of Bitcoin) to upgrade to a new version of a blockchain simultaneously is tricky, and could lead to hard forks. Cosmos offers a way to link them together, but without creating a new centralized clearinghouse or exchange.

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Features

- A PoS consensus algorithm called Tendermint
- Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint
- The Cosmos hub connects to zones via the novel IBC (inter-blockchain communication) protocol and keeps a record of the total number of tokens in each zone
- Cosmos can support a variety of currencies and scripting languages like those found in Bitcoin, Ethereum, ZeroCash, CryptoNote, and more

Technical Info

Technical details:  Architecture 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 Hub The first blockchain in the Cosmos network is the Cosmos hub. The Cosmos hub connects to zones via the novel IBC (inter-blockchain communication) protocol and keeps a record of the total number of tokens in each zone. Because all inter-zone token transfers go through the Cosmos hub, you can transfer tokens from one zone to another, quickly and securely, without the need for a liquid exchange or a trusted third party between zones. The Cosmos hub can connect to many different kinds of zones, as long as each zone speaks IBC. As a result, Cosmos can support a variety of currencies and scripting languages like those found in Bitcoin, Ethereum, ZeroCash, CryptoNote, and more. Interoperability 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. Scalability Scaling is another open issue for blockchains. Both Ethereum and Bitcoin support only a fraction of the transactions seen daily on payment networks like Visa or Mastercard. In contrast, zones allow Cosmos to scale out indefinitely. If your transaction speed slows in one zone because too many people are using it, you simply add another zone to the hub and direct half the users over that zone, thereby doubling your transaction speed. Meanwhile, the Cosmos hub ensures that any zones connected to it remain in sync. Upgradability Another problem blockchains run into is how to handle upgrades when new versions come out. Getting all of the validators (“miners” in the case of Bitcoin) to upgrade to a new version of a blockchain simultaneously is tricky, and could lead to hard forks. This is exactly what happened when Ethereum hard-forked into ETH and ETC due to political/governance issues surrounding the DAO hack. With Cosmos, upgrading is not an issue. You simply plug a new zone into the Cosmos hub, and invite users to move their funds over to it at their leisure. Proof of developer:  Public team

Cosmos Roadmap

  • Synthesis

  • Synthesis is the period in which the Hub is built. It began over two years ago with the birth of the Tendermint project and continues today with the development of the Basecoin framework and the various plugins necessary to compose the Cosmos Hub.
  • Cosmos Fundraiser

  • Fundraiser event raised $16.8 million USD in 28 minutes.
  • Atomic Era

  • It is marked by the release of an Alpha version of the Cosmos Hub and a corresponding testnet. This includes a working form of the governance, proof-of-stake, delegation, and IBC modules, as well as a working wallet for making transactions on the Cosmos Hub.
  • Galactic Era

  • It is marked by the release of the first production version of the Cosmos Hub and the first blockchain to be launched in the Cosmos Network. It also marks the beginning of work on the Bitcoin and Ethereum bridges, as well as the DEX.
  • Read More
  • Planetary Era

  • At this point, the focus will shift to usability and extensive documentation to in order to help new users and developers integrating with the Cosmos Network.

Activity

Followers:
6 788
HIGH
Tweets:
207
MEDIUM
30 Days Growth:
-26
Alexa
Rank:
307 184
MEDIUM
Delta:
165 837
Year commits:
27
Watchers:
116
Stars:
625
Forks:
107
Open issues:
29

Participation in events

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

CEO and founder
unverified
CTO and Co-founder
unverified
Guido Schmitz-Krumma...
Board Member
unverified
Software Engineer
unverified
Software Engineer
unverified
Software Engineer
unverified
Software Engineer
unverified
Software Engineer
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Thomas Greco
Special Advisor
unverified

Last News

3.34
risky+
5.0 7
ICO Profile Vision Activity Potential Product Team

Cosmos Reviews

bitcoinexchangeguide.com
reviews

The Cosmos Blockchain Network is a highly innovative solution that aims to catalyze powerful and significant change in the blockchain ecosystem. By allowing disparate blockchain networks to communicate with each other while at the same time arming users with the ability to create their own hubs, the Cosmos Blockchain Network makes it possible to create a global interconnected blockchain network free from a “centralized decentralized” intermediary.

Read More
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