What is Cosmos (ATOM)?

Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future.
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What is Cosmos (ATOM)?

Cosmos aims to create an “Internet of Blockchains,” where any blockchain is able to communicate, share data, and transact with any other.

By allowing many different blockchains to interoperate, there is less of a need for these networks to ruthlessly compete to be the one blockchain to rule them all. Instead, many different blockchains can coexist with their own specialized use cases and advantages.
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Interoperability

Cosmos is a interblockchain communication protocol that makes it easier for different blockchains to connect and share data with each other. It also prevents fragmentation in the industry.

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Blockchain 3.0

Cosmos is described as “Blockchain 3.0” — and the big goal is ensuring that its infrastructure is straightforward to use. To this end, the Cosmos software development kit focuses on modularity. This allows a network to be easily built using chunks of code that already exist. They have also created a streamlined development process that allows developers to create their own custom blockchain in months or even weeks, instead of years.

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Independent
Blockchain

One of the most similar projects to Cosmos is Polkadot, which also seeks to create an ecosystem of interoperable blockchain networks. However, unlike Polkadot, Cosmos prioritizes the sovereignty of independent blockchains, meaning they must secure themselves, have their own governance, and run their own validators.

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ATOM Tokens

The native tokens of the Cosmos network are called ATOMs. Holding ATOMs gives the holder the ability to stake and validate blocks, vote on governance issues, and pay for transaction fees.