💰👀👀💰Thirteen years since the birth of cryptocurrency and blockchain, developers have tirelessly worked to enhance their safety, reliability, and usability. Among the standout advancements is the Cosmos blockchain, complemented by the robust Tendermint algorithm. Tendermint, introduced in 2014 by programmer Jae Kwon, is a consensus algorithm renowned for its resistance to unauthorized actions, specifically the "Byzantine fault." It forms the backbone of the Cosmos interconnected blockchain, aiming to create an "Internet of blockchains" for seamless decentralized interactions.
Cosmos: Building a Decentralized Ecosystem
Cosmos is a thriving ecosystem of interconnected apps and services designed to embrace decentralization fully. Through the Inter-Blockchain Communication protocol (IBC), Cosmos apps and services can freely exchange assets and data across sovereign, decentralized blockchains. This innovation is pivotal in enabling the seamless transfer of assets and information between independent blockchain networks.
Evmos: The Bridge to Ethereum Compatibility
Evmos, a scalable blockchain with high bandwidth, is fully compatible with Ethereum. It leverages the Cosmos SDK, which, in turn, operates atop the Tendermint Core consensus mechanism. Evmos allows developers to run Ethereum as a blockchain within the Cosmos ecosystem, combining Ethereum's capabilities with the benefits of Proof-of-Stake technology. Additionally, Evmos's integration with the Cosmos ecosystem via the Inter-Blockchain Communication Protocol ensures seamless interoperability.
Tendermint Core: The Heart of Security
Tendermint provides secure and consistent replication of applications across multiple machines, offering instant finality. It ensures network integrity even in the face of node failures or malicious actions, guaranteeing that every non-faulty node sees the same transaction log and computes the same state.
The Synergy of Tendermint and Cosmos
The Tendermint Core communicates with the application through the Application Blockchain Interface (ABCI), allowing for custom transaction processing logic. Cosmos SDK, the foundation of Evmos, enables the creation of blockchains using modular components, promoting compatibility with the Inter-Blockchain Communication Protocol (IBC). This compatibility opens the door for Haqq to communicate with other IBC-compatible networks, facilitating the transfer of assets and data.
Evmos: Ethereum Compatibility
Haqq aims to support Ethereum Virtual Machine (EVM) for seamless smart contract execution, making Ethereum's robust developer community accessible. Evmos, as the EVM hub of Cosmos, ensures full EVM compatibility, allowing Ethereum-based projects to migrate effortlessly to Haqq.
Empowering Islamic Finance with Blockchain
IslamicCoin, built on the dedicated Islamic blockchain Haqq, adheres strictly to Islamic financial principles. It ensures a stable supply, prevents arbitrary inflation, and prohibits interest charges, aligning with Islamic finance ethics.
Driving Financial Inclusion and Innovation
IslamicCoin targets 1.1 billion Muslims worldwide, offering user-friendly tools to cryptocurrency newcomers. With the support of the global Muslim community, IslamicCoin has the potential to become a significant crypto asset, promoting financial independence and philanthropy.
