Cosmos (ATOM)

Cosmos, the internet of blockchains, is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future.

The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other.

Cosmos Blockchain

The word cosmos is defined as viewing the universe as a complex and orderly system, and in my opinion it is the best fitting name for this blockchain. Cosmos, is a 'Layer-0' proof-of-stake blockchain designed to enable data transfer between other blockchains. Its aim is to create a blockchain universe, a complex and orderly system of blockchains using a set of open-source tools, including consensus protocol Tendermint, the Cosmos SDK framework, and the Inter-Blockchain Communication protocol (IBC).

Tokenomics

The native currency, ATOM, enables holders to stake in the network, validate blocks, vote on governance issues and pay transaction fees.

• As of this writing, there are over 281 million coins in circulation.
• There is no cap on the max supply of ATOM meaning it is inflationary.
• As of this writing inflation at 7.21% and can be found on most Cosmos blockchain explorer.
• There are 182 million ATOMs staked meaning 65% of ATOMs in circulation are locked for staking.

Concluding Thoughts

The Cosmos blockchain and its cryptocurrency ATOM in my opinion will be around for the foreseeable future. I believe there is potential for ATOM to be one of the top 10 cryptocurrencies. Currently, as of this writing, it ranks at the 24th spot in terms of market cap close to $10B CAD.

There are 256 apps and services built on Cosmos, most notably Crypto.com coin CRO, Terra LUNA, and Binance BNB blockchain are built on the Cosmos ecosystem.

As more apps and services are built on Cosmos, it will secure it's spot as one of the top players in the game.