The Cosmos Network is a set of interconnected blockchain ecosystems connected thru the Cosmos Hub. Its center project is to serve as the ‘Internet of Blockchains’, fostering seamless and steady conversation, information sharing, and transaction execution between special unbiased blockchains — all facilitated with the aid of the Cosmos Hub and secured by using greater than one hundred eighty validators. Its local token is ATOM. The ATOM token is used to pay transaction costs at the Cosmos Network, and staking ATOM contributes to the security of the network. ATOM holders also can vote on proposals provided by means of the Cosmos Hub. Over 249 interchain apps and services exist in the Cosmos environment.

How Does Cosmos Work?

By design, Cosmos permits decentralised software (dapp) developers to construct their very own blockchains, which allows decentralisation and interoperability at some stage in the atmosphere.
Tendermint: Tendermint is a set of ready-made developer tools in Cosmos composed of a consensus engine (Tendermint Core) and a regular utility interface, known as Application BlockChain Interface (ABCI). These gear are used to implement networking and consensus layers, simplifying the improvement technique and presenting developers prebuilt engines for packages.
Cosmos SDK: Cosmos SDK is a improvement framework that simplifies the system of making blockchain packages, allowing builders to build custom blockchain solutions with extra ease and flexibility. Cosmos SDK is thought for its modularity and emphasis on protection, with networks like Cronos, a Layer-1 blockchain, utilizing the Cosmos SDK framework.
Inter-Blockchain Communication Protocol (IBC): IBC is a protocol that allows verbal exchange between unique blockchains in the Cosmos surroundings. It promotes interoperability and trustless connections among blockchains.

What Is the ATOM Token?

The Cosmos Hub is the first Cosmos-primarily based blockchain to release at the Cosmos Network. ATOM is the local token of the Cosmos Hub.

Features and Utility of the ATOM Token

ATOM is used to pay transaction expenses at the Cosmos Network. Staking ATOM contributes to the security of the community; stakers earn rewards primarily based on the amount of ATOM staked. ATOM stakers and validators acquire a percentage of the transaction fees generated by using chains that use the Interchain Security feature presented by using the Cosmos Hub. ATOM holders can vote on proposals provided through the Cosmos Hub.

Tokenomics of the ATOM Token

• ICO: The Interchain Foundation (ICF) raised US$16.8 million for the funding of the Cosmos Network in 2017
• Initial Total ATOM Supply: 236,198,958
• Current ATOM Supply: 292,586,163
• Inflation Rate: 14.22%
Distribution: The distribution of the ATOM token is as follows:
• Public Contributors: 67.9%
• All in Bits Inc.: 10%
• ICF: 10%
• Strategic and Early Adopters: 7.1%
• Seed Contributors: 5%