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.
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
Cosmos’s unique BFT engine functionality allows to multiple the network by adding new zones that don't have to be coded from scratch.
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.
The proof of stake consensus mechanism makes the blockchain 99% lower on the carbon footprint.
It takes Cosmos 7 seconds to confirm a transaction. The transaction rate of 10000 TPS makes it extremely fast.
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.
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.
By using a Tendermint BFT Proof-Of-Stake consensus algorithm holders can lock in or “stake” their ATOM tokens to become validators.
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.
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.
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.
