People often confuse the Cosmos Hub for the Cosmos Ecosystem as a whole. The Cosmos Hub (ATOM) is one of many application-specific blockchains in the Cosmos ecosystem which also include Osmosis, Terra, Thorchain, Binance Chain, Crypto.org and many others.
The Cosmos vision is based on autonomy and interoperability between blockchains compared to siloes and monopolies. As of today, the Cosmos ecosystem comprises over 250 application-specific blockchains that combined are valued at over $60 billion dollars.
People often confuse the Cosmos Hub for the Cosmos Ecosystem as a whole. The Cosmos Hub (ATOM) is one of many application-specific blockchains in the Cosmos ecosystem which also include Osmosis, Terra, Thorchain, Binance Chain, Crypto.org and many others.
The Cosmos vision is based on autonomy and interoperability between blockchains compared to siloes and monopolies. As of today, the Cosmos ecosystem comprises over 250 application-specific blockchains that combined are valued at over $20 billion dollars.
The Cosmos Ecosystem is powered by the Cosmos SDK (Software Development Kit) and the Tendermint consensus algorithm.
With the Cosmos SDK, developers can easily build application-specific blockchains designed for various use cases.
With Tendermint, blockchains can be validated by up to 200 validators (before performance degradation) and reach finality within 1-2 seconds.
The Cosmos vision is to have thousands (and one-day millions) of application-specific blockchains that interoperate and communicate via the Inter-Blockchain Communication Protocol (IBC).
Cosmos Hub features include:
- Block Finality Time: 1-2 seconds
- Low transaction fees: $0.01
- Transactions Per Second (TPS): 10,000
- Validator Nodes: 175
- Nakamoto Coefficient: 8
