Cosmos (ATOM)
- Official Website: cosmos.network
- Definition: Cosmos is a decentralized network of independent blockchains, designed for interoperability.
- Category: Blockchain, Layer 0 chain, Cryptocurrency.
- What It Is: A platform that connects different blockchains, enabling them to communicate and share data.
- Function: Enables cross-chain communication and decentralized governance.
- Analogy: Think of Cosmos as the internet of blockchains. It connects different networks into one ecosystem.
- Pros: Interoperability, strong team, growing ecosystem.
- Cons: Complexity, competition from other interoperability projects.
- Controversies: Centralization concerns, slow adoption.
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This page was last updated on January 28, 2025.
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