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I have been following Cosmos Network since last year July and the developer team keep me track of the new engineering and development changes. That's why they are working with the multitude of entities in the space to deliver Cosmos Engineering Updates.
Who are the founders of Cosmos Network?
The co-founders of Tendermint — the gateway to the Cosmos ecosystem — were Jae Kwon, Zarko Milosevic and Ethan Buchman. Although Kwon is still listed as principal architect, he stepped down as CEO in 2020. He maintains he is still a part of the project but is mainly focusing on other initiatives.
He has now been replaced as Tendermint’s CEO by Peng Zhong, and the whole board of directors was given quite a substantial refresh. Their goals include enhancing the experience for developers, creating an enthusiastic community for Cosmos and building educational resources so greater numbers of people are aware of what this network is capable of.
What is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.
Why Cosmos ATOM is so Unique?
A major concern for some in the crypto industry centers on the levels of fragmentation seen in blockchain networks. There are hundreds in existence, but very few of them can communicate with each other.
Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain.
Cosmos ATOM price prediction 2022
With multiple partnerships & collaborations and community funding, the market looks back at ATOM to perform reaching a level of $38, which is quite optimistic but surely feasible. On the internet you can read about long-term forecast, Cosmos price will hit $75 by the middle of 2022 and then $100 by the middle of 2023.
Is Cosmos crypto a good investment?
According to coinmarketcap the Current Cosmos ATOM price: $37.65 USD.
ATOM could prove to be a very valuable and sustainable source of income provided you plan all your investments wisely and strategically.
Crypto investors say: " ATOM could prove to be a viable investment in the long term. There is no tested or proven way of getting rich quickly but investing in ATOM could prove worthwhile. "
You can buy Cosmos ATOM on Binance or Kucoin.
If you like my article, please read my previous post: Learn how to invest in Metaverse and DeFi tokens.
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