How it works

The main idea of Cosmos is to allow for faster and cheaper decentralized applications — anything from an NFT marketplaces to decentralized exchanges —  by allowing them to run on their own dedicated blockchains. 

All of these independent blockchains (called “zones”) are interconnected by the Inter-Blockchain Communication protocol, or IBC. Cosmos also provides developers with prebuilt modules that allow them to quickly create blockchains that are completely customizable for their specific use case. 

The Cosmos consensus engine, IBC protocol, and software developer kit are designed to enable ease of use and interoperability between chains, while maintaining the security and transaction cost and speed developers would expect from other leading blockchain platforms. 

Keep in mind

You can earn rewards by staking ATOM via Coinbase.

Released: March 2019