Home Blockchain Cosmos Internet of Blockchains is here to Exist as the Era of Bridges Flourish

Cosmos Internet of Blockchains is here to Exist as the Era of Bridges Flourish

cosmos

Cosmos is the internet of blockchains, which is focused on connecting the ever-expanding ecosystem of interconnected apps and services. Cosmos is focused on enabling a decentralized future.  Cosmos apps and services connect using IBC, the Inter-Blockchain Communication protocol. This innovation enables you to freely exchange assets and data across sovereign, decentralized blockchains.

Cosmos recently expressed:  “Cosmos IBC, is the first industry-leading protocol that allows a reliable, ordered, and authenticated communication b/w heterogeneous blockchains. With already 13 interconnected blockchains & over 20 that announced integration by end of Q4, IBC adoption is just getting started.”

The era of bridges and keeping ecosystems connected is here to exist.

For clarity, Cosmos is the protocol which supports something called “blockchain interoperability,” which makes it possible for different blockchains to communicate with each other. Cosmos focuses on linking up several crypto networks with open-source tools, which allow for cross-chain transactions.

Cosmos is becoming the leading sustainable and regenerative digital finance ecosystem. Cosmos has real-world applications from Corporate, Community and Technical perspectives.

The focus is to help swap digital assets from across the Interchain with very low fees and instant transaction confirmation. Providing security for chains in exchange for additional staking rewards is an important security feature provided by Cosmos. Creating IBC connections with compatible chains by operating decentralized bridges with chains like Ethereum and Bitcoin. Ultimately, becoming the best place to hold digital assets to manage accounts across many chains.  In return for securing the services on the Cosmos Hub, transaction fees and staking rewards are distributed to stakers. Worth being a part of the open economy of the future.

Further the orbit of sovereign chains on the Cosmos Network are rapidly expanding.  Being PoS, it is 99% in lower carbon footprint. Cosmos is becoming the hub for wide range of utilities like Decentralized financial applications where developers create exchanges and marketplaces, which permit anyone around the world to buy, trade, invest, and lend even without a bank account.

Resilient, autonomous organizations, which empower your community to organize and allocate resources to its members to vote on impactful governance decisions.

Create in-game assets that are available forever, therefore, creating game economies owned by players. Thus, bringing in lasting value to gamers by letting them take their loot to another game or into the real world.

Whether for developers, token holder, or someone new to it all, there’s a place for everyone in Cosmos.

 

 

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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