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Cosmos

Cosmos

Cosmos is an ecosystem of interoperable blockchain apps and services.

OverviewStructured DataIssuesContributors

Contents

v1.cosmos.network
hub.cosmos.network...ew.html
cosmos.network/learn/get-atom
cosmos.network
Is a
Organization
Organization
Company
Company
Cryptocurrency
Cryptocurrency

Company attributes

Industry
Information technology
Information technology
Online marketplace
Online marketplace
Smart contract
Smart contract
Local search (Internet)
Local search (Internet)
Metaverse
Metaverse
Security
Security
Peer-to-peer
Peer-to-peer
Internet
Internet
...
Location
Zug
Zug
B2X
Marketplace
Marketplace
B2B2C
B2B2C
Founder
Jae Kwon
Jae Kwon
Ethan Buchman
Ethan Buchman
AngelList URL
angel.co/cosmosnetwork
Legal Name
Tendermint Inc.
Subsidiary
Keplr
Keplr
Date Incorporated
2018
Number of Employees (Ranges)
51 – 200
Email Address
hello@cosmos.network
hello@tendermint.com
Number of Employees
60
CIK Number
1,706,509
Investors
DRF Digital Renaissance
DRF Digital Renaissance
BAF Capital
BAF Capital
Hashed
Hashed
Rockaway Blockchain Fund
Rockaway Blockchain Fund
HashKey Capital
HashKey Capital
DHVC
DHVC
2020 Ventures
2020 Ventures
Cardinal Capital
Cardinal Capital
...
Founded Date
2016
Total Funding Amount (USD)
17,000,000
Latest Funding Round Date
May 2021
Competitors
0
Polkadot (cryptocurrency)
Polkadot (cryptocurrency)
0
Quant Network
Quant Network
Avalanche
Avalanche
Tezos
Tezos
Iron Fish
Iron Fish
EYWA
EYWA
...
Business Model
Transaction processing / marketplace
Stock Symbol
ATOM
Exchange
Zebpay
Zebpay
CEX.IO Bitcoin Exchange
CEX.IO Bitcoin Exchange
OKCoin
OKCoin
HTX
HTX
Binance
Binance
FMFW.io
FMFW.io
Coinbase
Coinbase
Paribu
Paribu
...
CTO
Ethan Buchman
Ethan Buchman
Former CEO
Jae Kwon
Jae Kwon
Key People
Jae Kwon
Jae Kwon
Ethan Buchman
Ethan Buchman
Also Known As
ATOM
Cosmos Hub
Latest Funding Type
Initial Coin Offering (ICO)
Initial Coin Offering (ICO)
Wellfound ID
cosmosnetwork
Country
Switzerland
Switzerland
Headquarters
Zug
Zug

Cryptocurrency attributes

Consensus Mechanism
Proof-of-stake
Proof-of-stake
Delegated proof of stake
Delegated proof of stake
Hash Function
‌
Scrypt
Ethash
Ethash
Ticker Symbol
ATOM0
Maximum Supply
286,370,297
Block Explorer URL
mintscan.io/cosmos
atomscan.com
explorers.guru
atomscan.com/votes
Announcement URL
blog.cosmos.network

Other attributes

Blog
blog.cosmos.network
v1.cosmos.network/newsletters
Circulating Supply
292,586,163
CoinGecko ID
cosmos-hub
Community Forum
blog.cosmos.network
Company Operating Status
Active0
Strategic Partnerships
MassBit
MassBit
Gamerse
Gamerse
Lumos Exchange
Lumos Exchange
Findora
Findora
Poly Network
Poly Network
Ispolink
Ispolink
TriumphX
TriumphX
Galaxy Blitz
Galaxy Blitz
...
Cryptocurrency Symbol
ATOM
ICO Amount Raised
32,000,000
ICO Date
September 18, 2017
Invested in
Algoblocks
Algoblocks
XY Finance
XY Finance
DeFiato
DeFiato
ArcadeNetwork
ArcadeNetwork
KYRO
KYRO
Yield Guild Games
Yield Guild Games
Cere Network
Cere Network
Ethereum Name Service (ENS)
Ethereum Name Service (ENS)
...
Total Offering (USD)
1,000,000
Latest Funding Round Amount (USD)
17,000,000
Latest Release
September 19, 2018
License
MIT
9321
Market Capitalization
2,982,892,475
Medium URL
medium.com/@cosmosnetwork
Partner Organizations
nomic
nomic
0
Signal
Signal
GenesisL1 blockchain
GenesisL1 blockchain
Blizzard.finance
Blizzard.finance
Catom
Catom
Cosmostation
Cosmostation
FireStarter
FireStarter
Phuture
Phuture
...
Source Code
github.com/cosmos
Total Supply
286,370,2970
Wallet
keplr.app
wallet.cosmostation.io/cosmos
safepal.io
ledger.com
trezor.io
token.im
trustwallet.com/cosmos-wallet/
litewallet.io

Cosmos Network is a blockchain network architecture operated by the Interchain Foundation. Established in 2016, the company is headquartered in Zug, Switzerland, and was founded by Ethan Buchman and Jae Kwon. Cosmos consists of different independent blockchains referred to as zones. Zones are linked to each other by Cosmos Network Hubs, and the digital ledgers enable token swapping between zones.

Cosmos Network Hubs directly connect with zones, rather than zones directly connecting with one another, minimizing the risk of double-spending and the unfreezing of tokens. Some projects in development by Cosmos Network include the Cosmos SDK; Cosmos Hub, which launched on March 13, 2019; Tendermint Core, and various Interchain Standards.

Funding
Initial coin offering (ICO)

On April 6, 2017, Cosmos held its initial coin offering, selling approximately $17 million worth of the platform's ATOM cryptocurrency. The ICO raised $16.8 million in funding.

Platform

Several components of Cosmos and open-source tools make up for the network and keep it operating:

  • Layers: Cosmos possesses three main layers—the application layer, which processes transactions and updates the network state; the networking layer, which enables communication across blockchains; and the consensus layer, where nodes agree on the state of the network.
  • Zones: Every blockchain included in the Cosmos ecosystem is referred to as a “Zone.” The Zones are connected to the major blockchain, the Cosmos Hub.
  • Cosmos Hub: This is the inaugural blockchain included in the network, holding a main token called ATOM. Its major task is to interconnect other blockchains to the network without risking security properties. Cosmos Hub utilizes the proof-of-stake (PoS) consensus, which picks network validators based on the amount of tokens they hold.
  • BFT—Tendermint Byzantine Fault Tolerance: The Tendermint Core is a consensus integrating the BFT algorithm. Its major task is to replicate an application on different machines. A set number of validators is needed to operate the software. Validators are identified by their public keys.
  • Cosmos SDK: This is a software development kit for developers who want to build their applications on top of Tendermint-based blockchains.
  • Inter-Blockchain Communication (IBC): This is an end-to-end software protocol that enables interoperability between heterogeneous blockchains by laying down a set of data structures, abstractions, and semantics. The protocol can be utilized in building cross-chain applications with different features, like atomic swaps, multi-chain smart contracts, or token transfers.
  • Stargate Upgrade: This refers to a set of upgrades that enable interoperability as a result of the IBC protocol.

Diagram of a Cosmos Network Hub.

Diagram of a Cosmos Network Hub.

Projects

Some Projects and dApps built on Cosmos include the following:

  • Osmosis: This is one of the blockchains, or “zones,” that are attached to the Cosmos Hub. It utilizes a proof-of-stake system, which provides different professional staking services securing the Cosmos chain. The native cryptocurrency is termed OSMO.
  • Akash Network: This is another project operating on Cosmos. Its major purpose is to assist Web3 developers with deploying various decentralized applications (dApps) with reduced configurations, setup, and server management.
  • Sentinel protocol: This Cosmos project allows developers to build and deploy dApps. It allows its users to sell their bandwidth on its marketplace.
  • Persistence XPRT : This is an ecosystem of icrypto-native DeFi and NFT-focused assets. It offers the infrastructure to connect DeFi and traditional finance in different areas.
  • Regen network: This is a proof-of-stake blockchain developed on the Cosmos ecosystem, utilized for verification of claims, agreements, and data related to ecological state.
  • Juno: This is an open-source platform for interoperable smart contracts. It automatically controls and documents procedures and actions written in the terms of such contracts.

ATOM Token

Cosmos's native and utility token is referred to as ATOM. Holding ATOMS enables holders to pay for transaction fees, stake and validate blocks, and vote on governance proposals. ATOM has three major uses: spam prevention, voting, and staking. Users can utilize ATOM tokens to pay fees, which can be proportional to the amount of power needed to process the transaction.

Validators can vote on project proposals with ATOM tokens and govern the Cosmos Hub. Validators are mandated to bind or lock their tokens to be able to vote. To stake, validators bond their tokens to earn block rewards. Bonding involves locking up tokens for a particular period to gain voting power.

Validators are able to stake ATOM if they are in a blockchain or zone that is connected to the Cosmos Hub. If a validator commits an infraction, such as double-spending, Tendermint's For-Accountability consensus slashes the tokens. Whenever a validator delegates tokens to other validators, they are incentivized with inflationary ATOMs, and block transaction fees.

Allocation:

  • 5% of the ATOM tokens to initial donors
  • 10% to the InterChain Foundation.
  • 10% to Tendermint Inc.
  • 75% to private and public fundraisers.

Governance

Cosmos Network operates with an on-chain governance system conformed by a set of validators. These validators coordinate on- and off-chain to talk about proposals and begin protocol updates and constitutional amendments.

Members have voting rights, but the protocol is able to suspend their rights for a particular time if the member does not vote on a timed proposal. This rule is called Absenteeism Penalty Period. A validator needs to deposit if they want to submit a proposal, and the deposit can be made with one or more tokens, including ATOM.

ATOM can be bought on cryptocurrency exchanges, such as Kraken, Coinbase, or Binance. Users can receive ATOM as an incentive for becoming a network validator. To purchase ATOM, users can use their desired exchange platform and search for the $ATOM token.

Do you have ATOM tokens? With ATOM, you have the superpower to contribute to the security and governance of the Cosmos Hub. Delegate your ATOM to one or more of the 125 validators on the Cosmos Hub blockchain to earn more ATOM through Proof-of-Stake. You can also vote with your ATOM to influence the future of the Cosmos Hub through on-chain governance proposals.

Learn more about being a delegator, learn about the security risks, and start participating with one of the following wallets.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

10 Reasons Why Cosmos Atom Will Be MASSIVE!

https://youtu.be/8UKSLgNM_m8

Web

May 29, 2021

21 Shares Launches First Crypto ETP for Cosmos (ATOM)

Varuni Trivedi

https://finance.yahoo.com/news/21-shares-launches-first-crypto-105450710.html?guccounter=1&guce_referrer=aHR0cHM6Ly90LmNvL0trWTlXZDR4VFI&guce_referrer_sig=AQAAAJwAAE4mFmS0YzDO_nnF-crnBH2jJ_L45NMayjcJH3OME8lN6rNhOKIsf3L1VkWU-uD5NYjR6cx7iotFAS9X0jNgom4W1JOrqoQ1J0Dy8mGKR49dfRLSs_X524FAnrKJp-EwI9HJqb4uL7sbWDHPNLx3WLZy4rd3GnD1umvtuc-K

Web

January 20, 2022

Chiang

https://twitter.com/i/broadcasts/1zqJVBpyewmJB

Web

Cosmos (ATOM) - Computing, IBC Protocol, Bitcoin & more! - Interview with Jack Zampolin

https://www.youtube.com/watch?v=xTUCsRs89no

Web

April 14, 2021

Cosmos (ATOM) Staking Guide | Earn rewards with #Cosmos

https://youtu.be/IkmtzXudcZQ

Web

March 4, 2020

...

References

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