Get to know Crypto Cosmos and how it works

Crypto Cosmos (ATOM) may still sound foreign to the ears of friends Vicigers. Especially when compared to other traded crypto assets such as Bitcoin or Ethereum. This crypto has functions and values that are no less important than other crypto assets.

The decentralized blockchain system ensures that each crypto asset acts as an individual. It is difficult for crypto assets to communicate with other digital services. Businesses that can be organized are also small. Seeing this opportunity, crypto Cosmos (ATOM) appeared and presented a new solution. 

Getting to Know the Cosmos (ATOM)

Named as “the internet network on the blockchain”, ATOM is a block system that serves as a platform for many blockchains built on the Cosmos network, allowing them to connect together.

In other words, ATOM was created to facilitate networking between cryptocurrency companies. Crypto Cosmos focuses on providing services that provide coordination and interaction. 

Instead of prioritizing its own network, they develop an open environment where any network can share data, tokens and programs. This is done to support the scalability of transactions on the blockchain, without destroying their nature, not based on certain aspects.

Cosmos is Interchain Foundation (ICF), a Swiss non-profit organization that supports open blockchain projects. This organization helps, creates, and launches Cosmos.

Every independent blockchain integrated into this token is verified by BFT verification algorithms such as Tendermint verification. In Cosmos, each new independent blockchain is called a region.

To support its mission, this crypto has launched Cosmos Hub, a proof-of-stake blockchain backed by ATOM as its native cryptocurrency, every chain is decentralized and interconnected.

The rope is divided into many parts and connected to many parts of the Cosmos. When transactions occur, this middle part supports and fixes conflicts between chains.

Once the verification is complete, new crypto asset data and value can be transferred. Interestingly, each chain can choose its own system, including its own software package, so that it is not affected by other chains.

The Cosmos-pegged Token (ATOM) was created to facilitate the transition between Proof-of-Work (PoW) chains and native systems in one core component, the Tendermint Core. 

How ATOM Works

As stated on the official website, Cosmos crypto technology (ATOM) is considered a solution to common problems in the crypto market and this is one of ATOM's strengths, scalability and friendliness.

Often, legal systems that implement proof of work will encounter constraints such as lengthy network systems, significant costs, inability to support increased business activity, and negative environmental impacts. Also, the issue on the usage side is the complexity of the blockchain application process.

There are still many developers and users who don't understand how to build this application properly. With this crypto infrastructure, developers can create complex blockchain circuits in just one week.

In fact, it usually takes several weeks to do the same with second-generation systems. 

Also read: How NFT Art Works in the Blockchain World

This comparison is the reason why developers use it to improve relationships in the crypto property market as a whole.

On the other hand, the presence of crypto Cosmos can also reduce the weaknesses of blockchain interoperability in the cryptocurrency market. Blockchain domains can be implemented in various applications. Technology includes many functions and uses. But unfortunately, each blockchain works on its own island. 

Each blockchain works independently without third parties or intermediaries. This reduces the overall strength of the cryptocurrency market, especially its performance. 

With ATOM, each blockchain can still work independently but is connected to each other. This allows developers to focus on improving systems and services, rather than spending time managing information between blockchains.

Interestingly, different blockchains can also increase the value of other platforms in the ATOM ecosystem.

Also read: Cosmos Price Prediction for the End of 2022

Apart from the info above, we also have interesting info for Vicigers friends. Currently, you can buy VCG Token and stake the token.

VCG Tokens itself is an innovation made by VCGamers. This token is on top of the BSC network and ETH 20.

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