What is Cosmos Blockchain?

Cosmos blockchain is a network of independent blockchains called zones connected to the main Cosmos Hub by its Inter-Blockchain Communications (IBC) Protocol. Each zone’s transactions, validators, and token creation are independent of each other, yet the zones and the Hub are seamlessly connected, providing strong security through the Proof of Stake consensus mechanism.

What is Cosmos Blockchain

Components of Cosmos Blockchain

Cosmos blockchain is a decentralised network of separate parallel blockchains that use BFT consensus algorithms like Tendermint. Examine the major components of cosmos blockchain given below.

Tendermint Consensus Algorithm

Tendermint Consensus Algorithm

Unlike Proof-of-work, Tendermint Consensus Algorithm provides various guarantees such as finality on every transaction, block production algorithm, and synchrony assumptions.

Finality

Finality

Blocks in Tendermint cannot be reversed or reverted once there have been 2 or 3 signatures from the validator.

Partial Synchrony

Partial Synchrony

A synchronous network is known to give better message delivery time. Since Tendermint operates under a partial synchrony assumption, the progress of the chain is the real network speed.

Components of Cosmos Blockchain
Cosmos SDK (Software Development Kit)

Cosmos SDK

Using the Cosmos SDK, developers can easily build and deploy blockchains without losing their main focus of writing their application logic. It is developers to bring ease to the process.

Membership Services Provider (MSP)

Cosmos Network

The Interoperability achieved through the Cosmos Inter-Blockchain Communication (IBC) Protocol is straightforward.

Cosmos Hub

Cosmos Hub

The Cosmos Hub keeps a record of the total number of tokens in each zone facilitating seamless exchanges. As the communication between the zones increase the Cosmos Hub becomes more useful.

Benefits of Cosmos Blockchain

Cosmos blockchain aims to make it easy for developers to build blockchain applications and to break down barriers between blockchains by allowing them to trade with one another.

Internet of Blockchains

Internet of Blockchains

Cosmos allows the addition of new networks to the main Hub to create a connected web of Blockchain that can strengthen the overall network through its interconnectivity.

Layers of Cosmos

Layers of Cosmos

First, Application, for transactions throughout the network. Second, Networking, for the interconnected zone. Then, the Consensus Mechanism, a Proof of Stake mechanism to validate transactions

Tendermint Byzantine Fault Tolerance (BFT) Engine

Tendermint Byzantine Fault Tolerance (BFT) Engine

Cosmos’s unique BFT engine functionality allows to multiple the network by adding new zones that don't have to be coded from scratch.

Consensus Protocol

Consensus Protocol

Cosmos calls for a Proof of Stake protocol by asking the users to pledge ATOM, the native coin, to be a validator. And each proposed change requires a vote from all validators.

Eco-friendly

Eco-friendly

The proof of stake consensus mechanism makes the blockchain 99% lower on the carbon footprint.

Fast Transaction

Fast Transaction

It takes Cosmos 7 seconds to confirm a transaction. The transaction rate of 10000 TPS makes it extremely fast.

Why Choose Cosmos for Blockchain Development?

We have curated few parameters for you to match with your Blockchain project development, See if Cosmos is the right choice for your project.

Features

Public

Private

Consortium

Anonymous

Speed

Avg Gas fee

Interoperable

Native token support

Value

Yes/No

Yes/No

No

No

10,000 TPS

0.01000$

Yes

Yes

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Use Cases of Cosmos Blockchain

Blockchains can utilise Cosmos to preserve sovereignty, process transactions rapidly, and connect with other blockchains in the ecosystem, making it ideal for a wide range of use cases.

Governance

Governance

Cosmos’ governance mechanism uses a proof-of-stake consensus mechanism, Tendermint BFT, where users can “stake” their ATOM tokens to validate transactions and earn rewards.

Connecting Blockchains

Connecting Blockchains

To monitor the ecosystem and state of each zone Cosmos has designed Cosmos Hub to function as a main ledger using the Inter-Blockchain Communication Protocol (IBC). Cosmos is scalable and can process multiple transactions in one second.

Fees and Staking for Rewards

Fees and Staking for Rewards

By using a Tendermint BFT Proof-Of-Stake consensus algorithm holders can lock in or “stake” their ATOM tokens to become validators.

Blockchain Ecosystem

Blockchain Ecosystem

Cosmos set up new interoperable blockchain applications with a combination of Tendermint, CosmosSDK, and IBC that can host a wide variety of blockchain projects from cloud services, and marketplaces to DeFi providers.

Expansions

Expansions

Cosmos has grown over the few years since its launch. Its plans to expand into a major player in the industry can be helped by its connections to major cryptocurrencies, like Bitcoin and Ethereum.

Sovereignty and Accessibility

Sovereignty and Accessibility

The Cosmos free SDK allows developers to build sovereign blockchain apps without ongoing costs. This boosts its applications in DeFi, NFTs, DAOs, social networks, and marketplaces.