What Is Cosmos Crypto Used For. Cosmos can be visualized as a group of parallel applications (“the zone”), each connected to the mediating hub that oversees, for each zone, the underlying network system and consensus mechanism. Due to its interconnectivity, cosmos is often referred to as the internet of blockchains.
Basically cosmos aim to be internet of blockchain and with help of zones they will connect top cryptocurrency including bitcoin and ethereum, as right now daily new cryptocurrency launching and using cosmos as platform to get application resources will also help this cryptocurrency grow in future time and will be one of the most successfully cryptocurrency, as in market there many blockchain. Cosmos can be visualized as a group of parallel applications (“the zone”), each connected to the mediating hub that oversees, for each zone, the underlying network system and consensus mechanism. Launched on march 13, 2019, cosmos hub is the first blockchain launched in the cosmos network.
According to the interchain foundation (icf), the swiss foundation that shepherds the project’s ico earnings, cosmos blockchain technologies were used.
A new roadmap for cosmos hub (nicknamed gaia) is being put together. It has taken some time to do so, but it is evident this milestone cannot be ignored. In a nutshell, cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. Due to its interconnectivity, cosmos is often referred to as the internet of blockchains.