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Video presented by Cosmos
Cosmos is building the foundation for a globalized interconnected token economy by providing the tools needed for building customized blockchains - a communication protocol, a consensus engine, and a software development kit.
Cosmos, which bills itself as the internet of blockchains, is a decentralized network of independent yet interoperable blockchains that are able to exchange information and tokens between each other permissionless.
Cosmos aims to address some of the issues faced by other blockchains — such as scalability, usability, and governance — by providing the tools to help developers quickly build independent blockchains for a variety of use cases and enabling blockchains in the network to communicate with each other.
The independent blockchains, called “zones” in the Cosmos ecosystem, are powered by the Tendermint proof-of-stake byzantine fault-tolerant (BFT) consensus algorithm. A byzantine fault-tolerant consensus algorithm allows the network to reach consensus even if some of the nodes fail or act maliciously. The first blockchain on the Cosmos network is the Cosmos Hub and ATOM is the native token of Cosmos Hub.
For more details, check out the Forkast.News article and discover what makes Cosmos different from other blockchains.
Disclaimer: This video and article are provided for educational purposes only and are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
