About Cosmos (ATOM)
The Cosmos project was launched in 2014 by Ethan Buchman and Jae Kwon, focussing on a solution for interoperable blockchains. Every project, user, and entity's needs are different, so making customized networks that can interact with each other is valuable. Each new blockchain added to the Cosmos ecosystem is called a Zone. Each Zone can interact with another through Cosmos Hub, a Proof of Stake relay blockchain that allows data and assets to be shared.
ATOM is Cosmos Hub's native coin with three main uses. First, users pay their transaction fees using Atom using a gas-based system. ATOM also allows you to participate in governance and is used in the network's consensus mechanism. The token is inflationary, and coins are minted based on the total number of ATOM staked.
Cosmos SDK, a dev kit, and its default consensus protocol, Tendermint Core, are widely used throughout the blockchain industry. These tools make creating new blockchains a fast process.