Cosmos (ATOM) Unchained Clips Providing Useful information for Validators and CommunityJuly 6, 2020
Cosmos is the secure and scalable blockchain ecosystem in which thousands of dApps interoperate to create the foundation for a new token economy.
There is a live virtual debate on July 07, 2020 about on-chain staked assets. And, about the liquid staking deep dive.
It is well known in the community that Tendermint_team empowers the Cosmos Hub & Cosmos SDK chains in general. It is therefore considered that the leader election on Tendermint is deterministic. Therefore, an attacker might potentially halt the chain by DDOS’ing the next validator. To protect against DDOS, sentry architecture is used and more about this was recently discussed.
Lot of details were discussed ranging from the slashing conditions on cosmos, how cosmos differentiates in the shared security program. It was reinstated on how the shared security is more like using ATOM to implement variable security. It was also established that the crypto kitties appchain will need less security than a Maker DAO appchain.
Sydney Ifergan, the crypto expert tweeted: “For those who are keen about Cosmos and becoming validators there is a lot of discussions happening in the Cosmos Unchained Clips. Good to Develop, Scale and Transfer Value.”
Of note, the maximum numbers of validators on the Cosmos Hub is 125.
Cosmos (ATOM) to Develop Scale and Transfer Value
For those who are new to Cosmos, it is important to understand that Cosmos is an ecosystem of blockchains, which facilitates scaling and interoperability. The concept is that before Cosmos, the blockchains were functioning independently and they were not able to communicate with each other. It was not easy to build blockchains that way and they were able to perform only a small amount of transactions. Cosmos took to the technical vision of solving these issues.
Thus, Cosmos as a decentralized network of independent parallel blockchains, each powered by consensus algorithms like Tendermint consensus came into being.
From an architecture standpoint, the conceptual layers in a blockchain are the application layer, networking layer and consensus layer. The application layer is responsible for updating the status of the given set of transactions. The Networking layer is responsible for propagating the transaction and consensus related messages. The Consensus layer is responsible for enabling nodes to agree on the existing state of systems.
For more clarity, it helps to understand the Tendermint BFT (Byzantine Fault Tolerant) consensus algorithm and ABCI (Application Blockchain Interface). The Inter-blockchain protocol connects the blockchains together. Thus, the Cosmos makes blockchains powerful by making it easy to develop, scale, and transfer value.