Cosmos: cryptocurrency description, existing problems
Cosmos is a global ecosystem that combines different blockchains that can interact with each other. According to the developers, Cosmos will become the “blockchain Internet”.
Cosmos has its own ATOM token, which is used to pay transfer fees. The 100 largest deposits by ATOM miners (validators) are responsible for maintaining the network’s operability. Among the advantages of the project, the participants of the crypto community also name the maximum rapid removal of a poor-quality validator, and all its tokens are evenly distributed among the others.
The project allows you to make direct transactions without the participation of crypto exchanges.
Top-up: via cryptocurrency exchanges Poloniex, Kraken, Bittrex, Bitfinex, OKEx and Gate.io
Storage: Lunie web wallet using operating system applications (e.g. Android and iOS (Cosmostation, Lunagram, Trust Wallet).
Advantages of the system:
- The ability to make payments between blockchains (their number is not limited)
- High scalability
- Modular project system, understandable even to novice developers
- The user can become a validator and receive a reward for operations
- The ATOM token is available on many cryptocurrency exchanges.