What Is Cosmos Blockchain

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The final vote to enable the feature was 112 million to 75, overwhelmingly in support of activation. With its unique approach to the market, cosmos is simply put an ecosystem of blockchain networks, and is even dubbed the “internet of blockchains” by developers. There will be multiple parallel blockchains connected to one central hub blockchain.

From all the projects, the network already commands more than $50 billion in cumulative value.

Your community can make impactful proposals and vote on blockchain upgrades with the powerful governance module. The cosmos network uses a proof of stake consensus mechanism that requires the atom cryptocurrency. Whether you’re looking for an alternative or complementary solution to blockchain technology, the. Blockchain interoperability refers to “the ability of different protocols to speak the same language,” said a spokesman from the cosmos network, a secure and scalable blockchain ecosystem where thousands of decentralized applications interoperate to create the foundation for a.