Cosmos (ATOM)

Cosmos (ATOM) was founded by a team of developers led by Jae Kwon.

Here is some detailed information about the founders of Cosmos:

1. Jae Kwon: Jae Kwon is a computer scientist and entrepreneur who is known as the creator of Cosmos. He has a background in distributed systems and cryptography and has been involved in the blockchain space for many years. Prior to founding Cosmos, Jae Kwon worked on various blockchain projects and was a core developer of the Tendermint consensus algorithm, which is used in the Cosmos network.

2. Ethan Buchman: Ethan Buchman is a co-founder of Cosmos and has played a key role in the development of the project. He is a software engineer with expertise in distributed systems and has contributed to the design and implementation of the Cosmos SDK and the Tendermint Core consensus engine.

3. Zarko Milosevic: Zarko Milosevic is another co-founder of Cosmos and has been instrumental in shaping the vision and direction of the project. He has a background in computer science and has worked on various blockchain projects prior to joining Cosmos.

Together, Jae Kwon, Ethan Buchman, and Zarko Milosevic have led the development of Cosmos and have built a strong team of developers and researchers to further advance the project’s goals of creating an interoperable and scalable blockchain ecosystem. Their combined expertise in blockchain technology, distributed systems, and cryptography has been crucial in shaping the success of Cosmos as a leading blockchain platform.

Cosmos (ATOM) works through a set of interconnected components that enable different blockchains to communicate and transact with each other.

Here is a detailed explanation of how Cosmos works:

1. Tendermint Core: At the heart of the Cosmos network is Tendermint Core, a Byzantine Fault Tolerant (BFT) consensus algorithm that secures the network and ensures fast transaction finality. Tendermint Core is responsible for validating transactions and maintaining the integrity of the network.

2. Cosmos SDK: The Cosmos Software Development Kit (SDK) is a modular framework that allows developers to build custom blockchains with specific features and functionalities. Developers can use pre-built modules and tools provided by the SDK to create their own blockchains tailored to their needs.

3. Inter-Blockchain Communication (IBC) Protocol: The IBC protocol enables different blockchains within the Cosmos network to communicate and transfer assets between each other in a secure and trustless manner. This allows for seamless interoperability between blockchains, enabling them to work together as part of a larger ecosystem.

4. Cosmos Hub: The Cosmos Hub is the central hub of the Cosmos network where different blockchains can connect and communicate with each other. It acts as a decentralized exchange for assets and tokens from different blockchains, facilitating cross-chain transactions and interactions.

5. ATOM Token: ATOM is the native cryptocurrency of the Cosmos network and is used for staking, governance, and transaction fees. ATOM holders can stake their tokens to participate in the network’s consensus mechanism and earn rewards. They can also participate in the governance of the network by voting on proposals and decisions.

Overall, Cosmos works by providing a platform for building and connecting custom blockchains through the Cosmos SDK, securing the network with Tendermint Core, enabling interoperability with the IBC protocol, and facilitating cross-chain transactions through the Cosmos Hub. This modular and interconnected architecture allows for a more scalable, flexible, and developer-friendly blockchain ecosystem.

Cosmos (ATOM) stands out in the blockchain space for several unique features and capabilities that set it apart from other platforms.

Here are some key aspects that make Cosmos unique:

1. Interoperability: One of the most distinctive features of Cosmos is its focus on interoperability. The Inter-Blockchain Communication (IBC) protocol allows different blockchains within the Cosmos network to communicate and transact with each other in a seamless and trustless manner. This interoperability enables a more connected and versatile blockchain ecosystem where various projects can interact and share data and assets.

2. Scalability: Cosmos addresses the scalability challenges faced by many blockchain platforms by offering a modular framework that allows developers to create custom blockchains with specific features and functionalities. These blockchains can run in parallel and communicate with each other through the Cosmos Hub, enabling horizontal scalability and improved performance.

3. Sovereignty: Cosmos promotes the concept of blockchain sovereignty, where each blockchain within the network can maintain its independence and governance structure while still being able to interact with other blockchains. This approach allows for greater flexibility and adaptability for developers and projects building on the Cosmos network.

4. Tendermint Consensus: Cosmos uses the Tendermint Core consensus algorithm, a Byzantine Fault Tolerant (BFT) consensus mechanism that provides fast transaction finality and high security. Tendermint Core ensures the integrity of the network and enables efficient and reliable transaction processing.

5. Cosmos SDK: The Cosmos Software Development Kit (SDK) simplifies the process of building custom blockchains by providing pre-built modules and tools that developers can use to create their own chains. This developer-friendly approach makes it easier for projects to launch and innovate on the Cosmos network.

6. Governance and Staking: ATOM holders can participate in the governance of the Cosmos network by voting on proposals and decisions that impact the ecosystem. Staking ATOM tokens also allows users to secure the network, earn rewards, and contribute to the consensus mechanism.

Overall, Cosmos’s emphasis on interoperability, scalability, sovereignty, and developer-friendliness makes it a unique and innovative blockchain platform that offers a robust infrastructure for building decentralized applications and services.

As of September 2021, the total supply of Cosmos (ATOM) coins in circulation is approximately 280 million.

Here is a breakdown of the key details regarding the ATOM coin supply:

1. Total Supply: The maximum supply cap of Cosmos (ATOM) coins is 236,220,799 ATOM.

2. Circulating Supply: The circulating supply refers to the total number of ATOM coins that are actively circulating in the market. As of September 2021, the circulating supply of ATOM is approximately 280 million.

3. Inflationary Mechanism: Cosmos has an inflationary mechanism that rewards validators and stakers for securing the network. New ATOM coins are gradually introduced into circulation through this mechanism.

4. Staking Rewards: Validators and stakers can earn rewards in ATOM coins for participating in the network by validating transactions and securing the blockchain.

5. Governance and Utility: ATOM coins are used for governance purposes within the Cosmos ecosystem, allowing holders to participate in decision-making processes. ATOM is also used for transaction fees on the network.

It’s important to note that the circulating supply of ATOM coins may vary over time due to factors such as staking dynamics, token burns, new token issuance, and network upgrades. For the most up-to-date information on the circulating supply of ATOM coins, I recommend checking reliable sources or directly from the Cosmos network.

The Cosmos (ATOM) network is secured through a combination of different mechanisms that work together to ensure the integrity and security of the network.

Here are some key components of the security model of the Cosmos network:

1. Tendermint Consensus Algorithm: The Cosmos network uses the Tendermint consensus algorithm, which is a Byzantine Fault Tolerant (BFT) consensus algorithm. Tendermint ensures that all nodes in the network agree on the order of transactions and the state of the network. This helps prevent double-spending attacks and ensures the security and consistency of the network.

2. Proof of Stake (PoS) Mechanism: Cosmos uses a Proof of Stake (PoS) mechanism to secure the network. Validators are selected based on the amount of ATOM tokens they hold and are willing to stake as collateral. Validators are responsible for proposing and validating blocks, and they are economically incentivized to act honestly. PoS helps prevent Sybil attacks and ensures that validators have a stake in the security of the network.

3. Slashing: Validators in the Cosmos network are subject to slashing conditions, which means that they can lose a portion of their staked tokens if they behave maliciously or go offline. Slashing helps deter validators from engaging in malicious behavior and ensures the security of the network.

4. Governance Mechanism: The Cosmos network has a governance mechanism that allows token holders to participate in decision-making processes related to the network. This includes voting on proposals to upgrade the network, change parameters, or address security issues. The governance mechanism helps ensure that the network can adapt and respond to security threats in a timely manner.

5. Inter-Blockchain Communication (IBC) Protocol: The IBC protocol enables communication and interoperability between different blockchains in the Cosmos ecosystem. This helps facilitate secure cross-chain transactions and interactions, while maintaining the security and integrity of each individual blockchain.

Overall, the Cosmos network is secured through a combination of consensus algorithms, economic incentives, slashing conditions, governance mechanisms, and interoperability protocols. These mechanisms work together to create a secure and robust network that can scale and adapt to evolving security threats.