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Introducing Nesa: A New Era for Decentralized AI
In an age where artificial intelligence (AI) is rapidly evolving, Nesa emerges as a groundbreaking Layer-1 blockchain solution that promises to revolutionize the AI landscape. Its name, "Nesa," meaning "miracle," embodies the transformative potential of marrying advanced AI technology with blockchainâs inherent strengths. Nesa is not just another tech innovation; it represents a fundamental shift towards a more transparent, secure, and trustworthy AI environment.
The Pitfalls of Centralized AI Platforms
The current landscape of AI is predominantly dominated by centralized platforms. Giants like ChatGPT and other leading AI systems are controlled by a handful of major corporations, which manage the entire infrastructure and data. This centralization introduces several critical issues:
1. Transparency Deficits: Centralized AI systems often operate with opaque training processes and data handling practices. Users and developers have limited insight into how models are trained or how data is processed, creating a black box of sorts around AI operations.
2. Privacy Vulnerabilities: These platforms frequently offer inadequate privacy safeguards, leaving sensitive information exposed to potential breaches or misuse. The risk is particularly concerning in applications dealing with personal data or financial transactions, where confidentiality is paramount.
3. Accountability Gaps: The centralization of AI management also limits accountability. In cases of misuse or ethical concerns, tracing responsibility becomes challenging, undermining trust in these systems.
Challenges of Centralized AI Architectures
The drawbacks of centralized AI extend beyond privacy and transparency. Several fundamental challenges arise from this centralized approach:
1. Data Privacy Concerns: The concentration of data within a single entity heightens the risk of exposure and misuse. When data is controlled by a single corporation, it becomes a prime target for malicious actors.
2. Computational Bottlenecks: Centralized systems often face efficiency bottlenecks due to limited computational resources and single points of failure. These constraints can stifle innovation and hinder the scalability of AI models.
3. High Costs and Limited Access: Advanced computational resources, such as GPUs, are expensive and not widely accessible. This limitation restricts the development and deployment of open-source, decentralized AI solutions, further impeding progress.
4. Innovation Stifling: The centralized nature of current AI systems often discourages the adoption of open-source models and collaborative efforts. This stagnation affects enterprises, researchers, and global initiatives by limiting the availability of cutting-edge AI technologies.
Nesa's Decentralized and Secure AI Solution
Nesa addresses these challenges head-on by introducing a decentralized, on-chain AI query marketplace. Unlike traditional AI platforms, Nesa offers a comprehensive ecosystem where diverse stakeholdersâdevelopers, miners, queriers, and model reviewersâcan collaborate and benefit from the network. Hereâs how Nesa changes the game:
1. Decentralized AI Query Marketplace: Nesa's marketplace is not just a repository for large language models but also includes models for various modalities like vision and specialized areas. This decentralized approach ensures that AI models remain secure and data privacy is maintained.
2. Reward Economy: Nesa operates on a reward-based system that incentivizes participation from a broad range of contributors. This economic model supports the growth and diversity of the AI ecosystem, fostering innovation and collaboration.
How Nesa's Inference System Operates
Nesaâs Layer-1 blockchain is designed to handle AI inference with a high degree of privacy and security. Hereâs a detailed look at its operational mechanics:
1. Off-Chain Querying: AI models are queried off-chain, ensuring that their parameters and outputs remain confidential. This method keeps sensitive data secure while allowing for efficient model execution.
2. Decentralized Consensus: Nesa employs a decentralized mining network to achieve consensus. This network records trustworthy proofs on-chain using system oracles, maintaining data confidentiality and ensuring the integrity of AI inference processes.
3. Scalability and Auditability: The blockchain framework ensures that AI inference is both scalable and auditable. This setup allows for transparent tracking of model performance and data handling, enhancing overall system reliability.
Key Innovations of Nesa
Nesa introduces several cutting-edge innovations that set it apart from traditional AI platforms:
1. Model-Agnostic Hybrid Sharding: Nesa uses a hybrid sharding approach to distribute computational tasks across multiple nodes. This technique incorporates both hardware and software-based privacy protocols, enhancing data processing efficiency while preserving user privacy.
2. Advanced Privacy and Security Measures: Nesa employs a suite of advanced privacy techniques, including zero-knowledge machine learning (ZKML), consensus-based verification, and split learning. These methods collectively safeguard against potential threats and ensure robust model execution.
3. Inclusivity and Accessibility: By lowering the barriers to network participation, Nesa allows nodes with varying computational capabilities to contribute. This inclusivity democratizes access to AI inference, enabling a wider range of participantsâfrom large enterprises to smaller entities with limited resources.
The Future of Decentralized AI
Nesa represents a significant leap forward in the realm of decentralized AI. By addressing the limitations of centralized systems and providing a comprehensive, privacy-focused framework, Nesa is poised to redefine the development, sharing, and execution of AI models. Its innovative architectural design, coupled with robust cryptographic enhancements and inclusive tokenomics, sets a new standard for the AI industry.
In summary, Nesa is not merely a technological advancement; it is a transformative force in the world of AI. By creating a more transparent, secure, and collaborative environment, Nesa is set to reshape the future of artificial intelligence, making it more accessible and trustworthy for all stakeholders. As we move towards a future where decentralization becomes the norm, Nesa stands at the forefront, leading the charge towards a more equitable and innovative AI landscape.
#AiNarratives #NesaAI #Cosmosđ„· #AIProjects
The Pitfalls of Centralized AI Platforms
The current landscape of AI is predominantly dominated by centralized platforms. Giants like ChatGPT and other leading AI systems are controlled by a handful of major corporations, which manage the entire infrastructure and data. This centralization introduces several critical issues:
1. Transparency Deficits: Centralized AI systems often operate with opaque training processes and data handling practices. Users and developers have limited insight into how models are trained or how data is processed, creating a black box of sorts around AI operations.
2. Privacy Vulnerabilities: These platforms frequently offer inadequate privacy safeguards, leaving sensitive information exposed to potential breaches or misuse. The risk is particularly concerning in applications dealing with personal data or financial transactions, where confidentiality is paramount.
3. Accountability Gaps: The centralization of AI management also limits accountability. In cases of misuse or ethical concerns, tracing responsibility becomes challenging, undermining trust in these systems.
Challenges of Centralized AI Architectures
The drawbacks of centralized AI extend beyond privacy and transparency. Several fundamental challenges arise from this centralized approach:
1. Data Privacy Concerns: The concentration of data within a single entity heightens the risk of exposure and misuse. When data is controlled by a single corporation, it becomes a prime target for malicious actors.
2. Computational Bottlenecks: Centralized systems often face efficiency bottlenecks due to limited computational resources and single points of failure. These constraints can stifle innovation and hinder the scalability of AI models.
3. High Costs and Limited Access: Advanced computational resources, such as GPUs, are expensive and not widely accessible. This limitation restricts the development and deployment of open-source, decentralized AI solutions, further impeding progress.
4. Innovation Stifling: The centralized nature of current AI systems often discourages the adoption of open-source models and collaborative efforts. This stagnation affects enterprises, researchers, and global initiatives by limiting the availability of cutting-edge AI technologies.
Nesa's Decentralized and Secure AI Solution
Nesa addresses these challenges head-on by introducing a decentralized, on-chain AI query marketplace. Unlike traditional AI platforms, Nesa offers a comprehensive ecosystem where diverse stakeholdersâdevelopers, miners, queriers, and model reviewersâcan collaborate and benefit from the network. Hereâs how Nesa changes the game:
1. Decentralized AI Query Marketplace: Nesa's marketplace is not just a repository for large language models but also includes models for various modalities like vision and specialized areas. This decentralized approach ensures that AI models remain secure and data privacy is maintained.
2. Reward Economy: Nesa operates on a reward-based system that incentivizes participation from a broad range of contributors. This economic model supports the growth and diversity of the AI ecosystem, fostering innovation and collaboration.
How Nesa's Inference System Operates
Nesaâs Layer-1 blockchain is designed to handle AI inference with a high degree of privacy and security. Hereâs a detailed look at its operational mechanics:
1. Off-Chain Querying: AI models are queried off-chain, ensuring that their parameters and outputs remain confidential. This method keeps sensitive data secure while allowing for efficient model execution.
2. Decentralized Consensus: Nesa employs a decentralized mining network to achieve consensus. This network records trustworthy proofs on-chain using system oracles, maintaining data confidentiality and ensuring the integrity of AI inference processes.
3. Scalability and Auditability: The blockchain framework ensures that AI inference is both scalable and auditable. This setup allows for transparent tracking of model performance and data handling, enhancing overall system reliability.
Key Innovations of Nesa
Nesa introduces several cutting-edge innovations that set it apart from traditional AI platforms:
1. Model-Agnostic Hybrid Sharding: Nesa uses a hybrid sharding approach to distribute computational tasks across multiple nodes. This technique incorporates both hardware and software-based privacy protocols, enhancing data processing efficiency while preserving user privacy.
2. Advanced Privacy and Security Measures: Nesa employs a suite of advanced privacy techniques, including zero-knowledge machine learning (ZKML), consensus-based verification, and split learning. These methods collectively safeguard against potential threats and ensure robust model execution.
3. Inclusivity and Accessibility: By lowering the barriers to network participation, Nesa allows nodes with varying computational capabilities to contribute. This inclusivity democratizes access to AI inference, enabling a wider range of participantsâfrom large enterprises to smaller entities with limited resources.
The Future of Decentralized AI
Nesa represents a significant leap forward in the realm of decentralized AI. By addressing the limitations of centralized systems and providing a comprehensive, privacy-focused framework, Nesa is poised to redefine the development, sharing, and execution of AI models. Its innovative architectural design, coupled with robust cryptographic enhancements and inclusive tokenomics, sets a new standard for the AI industry.
In summary, Nesa is not merely a technological advancement; it is a transformative force in the world of AI. By creating a more transparent, secure, and collaborative environment, Nesa is set to reshape the future of artificial intelligence, making it more accessible and trustworthy for all stakeholders. As we move towards a future where decentralization becomes the norm, Nesa stands at the forefront, leading the charge towards a more equitable and innovative AI landscape.
#AiNarratives #NesaAI #Cosmosđ„· #AIProjects
đ Union Labs Pioneers Polygon-to-Cosmos Bridge with AggLayer Integration
Exciting news in the world of blockchain interoperability! Union Labs, a project dedicated to bridging different blockchain ecosystems, is set to integrate with AggLayer, a decentralized service developed by Polygon Labs. AggLayer facilitates liquidity sharing among interconnected networks.
đ This integration holds significance as it strengthens the connections between Polygon, a prominent Ethereum scaling solution, and the Cosmos blockchain ecosystem, leveraging the Inter-Blockchain Communication Protocol (IBC) that Union Labs has been actively building upon.
đ According to a press release, this collaboration will enhance liquidity access and movement between AggLayer-connected chains and IBC-enabled chains, streamlining processes in a trustless, efficient, and low-latency manner.
đĄ Karel Kubat, founder of Union Labs, emphasized the joint commitment of both projects to address the fragmented nature of blockchains while preserving their individual sovereignty.
đ With Union Labs planning its mainnet launch later this year and Polygon's continuous innovation in the blockchain space, this collaboration heralds a new era of seamless interoperability and enhanced liquidity for decentralized networks.
Stay tuned for more updates as these projects pave the way for a more connected blockchain ecosystem! đ #BlockchainInteroperability #UnionLabs #Polygon #Cosmosđ„· đ$MATIC
Exciting news in the world of blockchain interoperability! Union Labs, a project dedicated to bridging different blockchain ecosystems, is set to integrate with AggLayer, a decentralized service developed by Polygon Labs. AggLayer facilitates liquidity sharing among interconnected networks.
đ This integration holds significance as it strengthens the connections between Polygon, a prominent Ethereum scaling solution, and the Cosmos blockchain ecosystem, leveraging the Inter-Blockchain Communication Protocol (IBC) that Union Labs has been actively building upon.
đ According to a press release, this collaboration will enhance liquidity access and movement between AggLayer-connected chains and IBC-enabled chains, streamlining processes in a trustless, efficient, and low-latency manner.
đĄ Karel Kubat, founder of Union Labs, emphasized the joint commitment of both projects to address the fragmented nature of blockchains while preserving their individual sovereignty.
đ With Union Labs planning its mainnet launch later this year and Polygon's continuous innovation in the blockchain space, this collaboration heralds a new era of seamless interoperability and enhanced liquidity for decentralized networks.
Stay tuned for more updates as these projects pave the way for a more connected blockchain ecosystem! đ #BlockchainInteroperability #UnionLabs #Polygon #Cosmosđ„· đ$MATIC
âĄïžCrypto Today
Cosmos Hub ATOM+ approves proposal: Native token Atom's max inflation rate reduced from 14% to 10%.
#Cosmosđ„· #crypto_today #metamoonshots
Cosmos Hub ATOM+ approves proposal: Native token Atom's max inflation rate reduced from 14% to 10%.
#Cosmosđ„· #crypto_today #metamoonshots
#Cosmosđ„·
Why Cosmos?
The Cosmos community has approved a proposal to cap the inflation rate of the ATOM token at 10%. The current inflation rate is at about 14%, while the cap is set at 20%. Once enacted, the proposal will reduce the amount of new ATOM tokens entering circulation. However, it will also reduce the APR of staking ATOM tokens from about 19% to roughly 13.4%.
According to the proposal, research indicated that the Cosmos Hub blockchain is currently overpaying for its security. The proposal also argues that reducing the inflation of ATOM could have a positive influence on decentralized finance protocols and money markets in the Cosmos ecosystem.
The vote was quite contentious, as the "Yes" option received 41.1% of the vote. The "No" option received 31.9% of the vote, the "Veto" option received 6.6%, while the remaining 20.4% of the votes were for the "Abstain" option. Interestingly enough, this proposal saw the highest voter turnout in the history of the Cosmos ecosystem.
Why Cosmos?
The Cosmos community has approved a proposal to cap the inflation rate of the ATOM token at 10%. The current inflation rate is at about 14%, while the cap is set at 20%. Once enacted, the proposal will reduce the amount of new ATOM tokens entering circulation. However, it will also reduce the APR of staking ATOM tokens from about 19% to roughly 13.4%.
According to the proposal, research indicated that the Cosmos Hub blockchain is currently overpaying for its security. The proposal also argues that reducing the inflation of ATOM could have a positive influence on decentralized finance protocols and money markets in the Cosmos ecosystem.
The vote was quite contentious, as the "Yes" option received 41.1% of the vote. The "No" option received 31.9% of the vote, the "Veto" option received 6.6%, while the remaining 20.4% of the votes were for the "Abstain" option. Interestingly enough, this proposal saw the highest voter turnout in the history of the Cosmos ecosystem.
Introducing Elys Network: Bringing Sustainable DeFi to the Cosmos Ecosystem
Welcome to Elys Network ---> https://elys.bonusblock.io?r=CeSBsDCx
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
Cutting edge integration for a seamless onboarding experience for non crypto-native users.A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.Oracle based multi-asset Index pools which increase diversification and reduce volatility.Native margin trading capabilities including a universal cross collateral vault.Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy
#DexTrade #DEFÄ° #Cosmosđ„· #BinanceLaunchpool #Oracle
Reg: ---> https://elys.bonusblock.io?r=CeSBsDCx <------
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
Cutting edge integration for a seamless onboarding experience for non crypto-native users.A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.Oracle based multi-asset Index pools which increase diversification and reduce volatility.Native margin trading capabilities including a universal cross collateral vault.Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy
#DexTrade #DEFÄ° #Cosmosđ„· #BinanceLaunchpool #Oracle
Reg: ---> https://elys.bonusblock.io?r=CeSBsDCx <------
Why @Injective_?
â Smart Contract
â Interoperable blockchain
â Derivative Functionalities
â Cosmwasm Compatible
â Multi VM ( inSVM & inEVM )
â Limited Supply
â Sick UI
$INJ #Cosmosđ„·
â Smart Contract
â Interoperable blockchain
â Derivative Functionalities
â Cosmwasm Compatible
â Multi VM ( inSVM & inEVM )
â Limited Supply
â Sick UI
$INJ #Cosmosđ„·
ICON and Injective Unite to Revolutionize Cross-Chain Interoperability
In a monumental move for the crypto space, @ICON Network - ICX renowned for its cross-chain framework, has seamlessly integrated with Injective, a lightning-fast layer one blockchain specializing in #Web3 finance applications. Here's the breakdown of this groundbreaking partnership:
1. Cross-Chain Integration via Cosmos IBC:
ICON leverages Injective through xCall using the Cosmos Inter-#Blockchain Communication (IBC) protocol.The integration enhances ICON's connectivity within the IBC ecosystem, fostering a more robust cross-chain application development landscape.
2. ICON's Pursuit of #Cosmosđ„· Ecosystem Integration:
After incorporating Cosmos IBC into its interoperability layer, ICON is swiftly integrating with key chains within the Cosmos ecosystem.The latest collaboration with Injective aligns with ICON's commitment to expanding its cross-chain capabilities.
3. Strategic Collaboration with @Injective
ICON recognizes Injective as a strategic collaborator due to its innovative infrastructure and cross-chain interoperability.Injective, with its $150M Ecosystem Venture Initiative, shares ICON's vision of advancing scalability and borderless solutions in the DeFi space.
4. Empowering Developers and Users:
The collaboration opens new possibilities for developers to build cross-chain applications, leveraging Injective's extensive functionalities in a more interconnected environment.Users can anticipate a more seamless DeFi experience as the integration bridges these two powerful blockchains.
5. Catalyst for DeFi Innovation:
ICON and Injective's integration serves as a catalyst, fostering innovation and propelling the growth of the #DeFi space.The collaboration marks a significant milestone for ICON as it continues its journey towards an interconnected future.
6. Shared Commitment to Innovation:
ICON and Injective's shared commitment creates an environment for innovation without boundaries.The partnership signifies a dedication to advancing the interconnected and limitless potential of blockchain technology.
In Conclusion: The integration of ICON and Injective heralds a new era for cross-chain interoperability, driving innovation and growth in the DeFi space. Developers, users, and the crypto community at large can expect a more interconnected and seamless experience as these two industry leaders join forces. This partnership not only aligns with the current trends in blockchain technology but also sets the stage for a future where collaboration and connectivity are at the forefront of the decentralized ecosystem. đđ $INJ
1. Cross-Chain Integration via Cosmos IBC:
ICON leverages Injective through xCall using the Cosmos Inter-#Blockchain Communication (IBC) protocol.The integration enhances ICON's connectivity within the IBC ecosystem, fostering a more robust cross-chain application development landscape.
2. ICON's Pursuit of #Cosmosđ„· Ecosystem Integration:
After incorporating Cosmos IBC into its interoperability layer, ICON is swiftly integrating with key chains within the Cosmos ecosystem.The latest collaboration with Injective aligns with ICON's commitment to expanding its cross-chain capabilities.
3. Strategic Collaboration with @Injective
ICON recognizes Injective as a strategic collaborator due to its innovative infrastructure and cross-chain interoperability.Injective, with its $150M Ecosystem Venture Initiative, shares ICON's vision of advancing scalability and borderless solutions in the DeFi space.
4. Empowering Developers and Users:
The collaboration opens new possibilities for developers to build cross-chain applications, leveraging Injective's extensive functionalities in a more interconnected environment.Users can anticipate a more seamless DeFi experience as the integration bridges these two powerful blockchains.
5. Catalyst for DeFi Innovation:
ICON and Injective's integration serves as a catalyst, fostering innovation and propelling the growth of the #DeFi space.The collaboration marks a significant milestone for ICON as it continues its journey towards an interconnected future.
6. Shared Commitment to Innovation:
ICON and Injective's shared commitment creates an environment for innovation without boundaries.The partnership signifies a dedication to advancing the interconnected and limitless potential of blockchain technology.
In Conclusion: The integration of ICON and Injective heralds a new era for cross-chain interoperability, driving innovation and growth in the DeFi space. Developers, users, and the crypto community at large can expect a more interconnected and seamless experience as these two industry leaders join forces. This partnership not only aligns with the current trends in blockchain technology but also sets the stage for a future where collaboration and connectivity are at the forefront of the decentralized ecosystem. đđ $INJ
CUDOS Intercloud: Empowering Decentralized Compute
Introduction
CUDOS Intercloud is a cloud computing platform designed to revolutionize Web3. It provides users worldwide with equal access to computing resources, all facilitated by a simple wallet address and some crypto. Here are the highlights:
Web3 Native Platform: Forget cumbersome sign-ups and KYC verifications. With CUDOS Intercloud, all you need is a web3 wallet (such as Keplr) and some CUDOS tokens to get started. Pseudo-anonymity ensures privacy without sacrificing convenience.Decentralization: Unlike traditional centralized computing, CUDOS Intercloud embraces decentralization. This is crucial because many projects advocating for decentralization still rely on centralized options. With CUDOS, this paradox is resolved.Sustainability: CUDOS takes a sustainable approach by avoiding the construction of numerous data centers. Instead, it taps into existing resources and offers compute services at an affordable rate compared to competitors.Interchain Focus: As part of the Cosmos ecosystem, CUDOS caters to the needs of Interchain. Seamless integration ensures that Cosmos remains its core focus.
Exciting Achievements in 2024 so far
USDC Payments on Ethereum: CUDOS now supports $USDC payments on the Ethereum chain. Users can fund their accounts seamlessly using MetaMask.Polygon Integration: CUDOS extends its reach by integrating with Polygon. Users can now utilize both Ethereum and Polygon chains for payments.New Payment Options: Explore OSMO and USDCaxl as additional payment methods within CUDOS Intercloud.Partnership with Archway: Collaborating with Archway further enhances CUDOSâs capabilities.ARCH Support: ARCH, the native token of Archway, finds a home on CUDOS Intercloud.Flagship GPUs: Following the NVIDIA event, CUDOS adds a series of new flagship GPUs to its arsenal.
Conclusion
CUDOS Intercloud is not just a cloud platform; itâs a catalyst for Web3 innovation. As it continues to evolve, expect more groundbreaking achievements and partnerships that shape the decentralized landscape.
Feel free to explore CUDOS Intercloud yourself: Intercloud.cudos.org
#DePIN #CUDOS #CUDOSIntercloud #Cosmosđ„·
CUDOS Intercloud is a cloud computing platform designed to revolutionize Web3. It provides users worldwide with equal access to computing resources, all facilitated by a simple wallet address and some crypto. Here are the highlights:
Web3 Native Platform: Forget cumbersome sign-ups and KYC verifications. With CUDOS Intercloud, all you need is a web3 wallet (such as Keplr) and some CUDOS tokens to get started. Pseudo-anonymity ensures privacy without sacrificing convenience.Decentralization: Unlike traditional centralized computing, CUDOS Intercloud embraces decentralization. This is crucial because many projects advocating for decentralization still rely on centralized options. With CUDOS, this paradox is resolved.Sustainability: CUDOS takes a sustainable approach by avoiding the construction of numerous data centers. Instead, it taps into existing resources and offers compute services at an affordable rate compared to competitors.Interchain Focus: As part of the Cosmos ecosystem, CUDOS caters to the needs of Interchain. Seamless integration ensures that Cosmos remains its core focus.
Exciting Achievements in 2024 so far
USDC Payments on Ethereum: CUDOS now supports $USDC payments on the Ethereum chain. Users can fund their accounts seamlessly using MetaMask.Polygon Integration: CUDOS extends its reach by integrating with Polygon. Users can now utilize both Ethereum and Polygon chains for payments.New Payment Options: Explore OSMO and USDCaxl as additional payment methods within CUDOS Intercloud.Partnership with Archway: Collaborating with Archway further enhances CUDOSâs capabilities.ARCH Support: ARCH, the native token of Archway, finds a home on CUDOS Intercloud.Flagship GPUs: Following the NVIDIA event, CUDOS adds a series of new flagship GPUs to its arsenal.
Conclusion
CUDOS Intercloud is not just a cloud platform; itâs a catalyst for Web3 innovation. As it continues to evolve, expect more groundbreaking achievements and partnerships that shape the decentralized landscape.
Feel free to explore CUDOS Intercloud yourself: Intercloud.cudos.org
#DePIN #CUDOS #CUDOSIntercloud #Cosmosđ„·
CUDOS Intercloud: Cloud for Interchain and Beyond
In January of this year, CUDOS launched the much-awaited CUDOS Intercloud, a decentralised cloud computing platform built to provide compute support to all Cosmos-based chains in initial stages in a fast, reliable, and affordable way.
CUDOS Intercloud
CUDOS Intercloud is a native web3 platform where one only needs a web3 wallet that supports CUDOS, like Keplr, and some CUDOS in it according to the request, and you are good to go. There is no need to email sign ups or KYC verification.
The other reason why I see CUDOS Intercloud as the best option is decentralisation. Many projects still use traditional centralised computing, which has so many downsides in a world where projects built to promote decentralisation are themselves dependent on centralised options. With CUDOS, this problem is solved instantly.
On the other hand, decentralised CUDOS is also sustainable as they are not building tonnes of data centres to fully fill the need and are also offering the compute at an affordable rate in comparison to many competitors.
So, it only makes sense for projects to choose CUDOS intercloud.
For Interchain by Interchain People.
CUDOS itself is a blockchain that is part of the Cosmos ecosystem, and they have built this platform keeping the needs of Intercahin in mind. The CUDOS team has plans to expand way beyond Cosmos, but Cosmos will always be the core focus of CUDOS.
Not Just Limited to Interchain/Cosmos Ecosystem.
CUDOS has started adding payment options from other big chains like Polygon, and that hints that CUDOS is also thinking beyond the Cosmos ecosystem and partnerships like Algorand and EGLD for providing the compute products that it claims. So interchain is just the beginning; CUDOS intercloud will be a big journey.
Try CUDOS Intercloud by youself:- https://intercloud.cudos.org/
#DePINs #CUDOSIntercloud #CUDOS #Cosmosđ„·
CUDOS Intercloud
CUDOS Intercloud is a native web3 platform where one only needs a web3 wallet that supports CUDOS, like Keplr, and some CUDOS in it according to the request, and you are good to go. There is no need to email sign ups or KYC verification.
The other reason why I see CUDOS Intercloud as the best option is decentralisation. Many projects still use traditional centralised computing, which has so many downsides in a world where projects built to promote decentralisation are themselves dependent on centralised options. With CUDOS, this problem is solved instantly.
On the other hand, decentralised CUDOS is also sustainable as they are not building tonnes of data centres to fully fill the need and are also offering the compute at an affordable rate in comparison to many competitors.
So, it only makes sense for projects to choose CUDOS intercloud.
For Interchain by Interchain People.
CUDOS itself is a blockchain that is part of the Cosmos ecosystem, and they have built this platform keeping the needs of Intercahin in mind. The CUDOS team has plans to expand way beyond Cosmos, but Cosmos will always be the core focus of CUDOS.
Not Just Limited to Interchain/Cosmos Ecosystem.
CUDOS has started adding payment options from other big chains like Polygon, and that hints that CUDOS is also thinking beyond the Cosmos ecosystem and partnerships like Algorand and EGLD for providing the compute products that it claims. So interchain is just the beginning; CUDOS intercloud will be a big journey.
Try CUDOS Intercloud by youself:- https://intercloud.cudos.org/
#DePINs #CUDOSIntercloud #CUDOS #Cosmosđ„·
#atom #Cosmosđ„· $ATOM
đATOM [Cosmos] Price Production for end of the 2024
Predicting the future price of any cryptocurrency is inherently difficult, and Cosmos (ATOM) is no exception. There are many factors that can influence its price, including:
- Overall market trends for cryptocurrencies
- Adoption and growth of the Cosmos ecosystem
- Developments and updates to the Cosmos blockchain
- Regulatory landscape for cryptocurrencies
There are a variety of Cosmos price predictions for 2024 out there, with some analysts predicting significant growth and others expecting a more modest increase or even a decline. Here's a glimpse of what some sources say:
đ°Binance: predicts a price of $10.75 for the end of 2024.
đ°Techopedia: Their Cosmos price prediction for the end of 2024 is $22.
đ°Coin Codex: Their forecast suggests a range of $17.37 to $19.20 by the year's end.
It's important to remember that these are just predictions, and the actual price of Cosmos could be higher or lower.
-Here are some resources you can use to stay up-to-date on Cosmos price predictions and news:
âŸCoinMarketCap: https://coinmarketcap.com/currencies/cosmos
âŸCoinGecko: https://www.coingecko.com/en/coins/cosmos-hub
âŸTradingView: https://www.tradingview.com/
Do your own research and consider all the factors involved before making any investment decisions. $
đATOM [Cosmos] Price Production for end of the 2024
Predicting the future price of any cryptocurrency is inherently difficult, and Cosmos (ATOM) is no exception. There are many factors that can influence its price, including:
- Overall market trends for cryptocurrencies
- Adoption and growth of the Cosmos ecosystem
- Developments and updates to the Cosmos blockchain
- Regulatory landscape for cryptocurrencies
There are a variety of Cosmos price predictions for 2024 out there, with some analysts predicting significant growth and others expecting a more modest increase or even a decline. Here's a glimpse of what some sources say:
đ°Binance: predicts a price of $10.75 for the end of 2024.
đ°Techopedia: Their Cosmos price prediction for the end of 2024 is $22.
đ°Coin Codex: Their forecast suggests a range of $17.37 to $19.20 by the year's end.
It's important to remember that these are just predictions, and the actual price of Cosmos could be higher or lower.
-Here are some resources you can use to stay up-to-date on Cosmos price predictions and news:
âŸCoinMarketCap: https://coinmarketcap.com/currencies/cosmos
âŸCoinGecko: https://www.coingecko.com/en/coins/cosmos-hub
âŸTradingView: https://www.tradingview.com/
Do your own research and consider all the factors involved before making any investment decisions. $
There's Only One Thing Left That Hasn't Risen: Expectations From Aptos (APT) Are Increasing!
Expectations are increasing from #Aptosï»ż (APT), which has not yet made the desired move despite the mobilization of many ecosystem projects.
We have recently observed very drastic movements in ecosystems such as #Avalanche , #Solana , #Polkadot and #Cosmosđ„· . Especially the rises on the SOL and AVAX sides were almost a signal of the bull. While such increases were recorded in popular ecosystem cryptocurrencies, the silence of the Aptos side did not go unnoticed. Could Aptos, seen as a quality project by most crypto investors and communities, stand up and become the impetus for APT?
With BTC hitting $40,000, APT tested $7.30 and then started its upward movement. However, the popular coin, which remains in the background compared to other ecosystem cryptocurrencies, is gradually increasing expectations. As of the writing of the news, APT, which found buyers at $ 8.1425, may move towards $ 8.7954 - 9.4184 and $ 9.8309, respectively, as long as it exceeds $ 8.3351 in volume.
BTC's failure to maintain $40,000 as support, BTC dominance being over 55 percent, or any negative news from the Aptos ecosystem will trigger selling pressure in APT. In such a scenario, the green area can be expected to work as support first. With the loss of this region, there may be a drop to the levels of 7.2781 - 6.8250 and 6.4457 dollars, respectively.
$BTC $ETH $BNB
Expectations are increasing from #Aptosï»ż (APT), which has not yet made the desired move despite the mobilization of many ecosystem projects.
We have recently observed very drastic movements in ecosystems such as #Avalanche , #Solana , #Polkadot and #Cosmosđ„· . Especially the rises on the SOL and AVAX sides were almost a signal of the bull. While such increases were recorded in popular ecosystem cryptocurrencies, the silence of the Aptos side did not go unnoticed. Could Aptos, seen as a quality project by most crypto investors and communities, stand up and become the impetus for APT?
With BTC hitting $40,000, APT tested $7.30 and then started its upward movement. However, the popular coin, which remains in the background compared to other ecosystem cryptocurrencies, is gradually increasing expectations. As of the writing of the news, APT, which found buyers at $ 8.1425, may move towards $ 8.7954 - 9.4184 and $ 9.8309, respectively, as long as it exceeds $ 8.3351 in volume.
BTC's failure to maintain $40,000 as support, BTC dominance being over 55 percent, or any negative news from the Aptos ecosystem will trigger selling pressure in APT. In such a scenario, the green area can be expected to work as support first. With the loss of this region, there may be a drop to the levels of 7.2781 - 6.8250 and 6.4457 dollars, respectively.
$BTC $ETH $BNB
#COS/USDT ANALYSIS:
join my live for daily getting 2-3 new Crypto Signals
Here i can see W pattern in 1hour/4 hour time frame now already breakout done and it can technically came back for re-test
here is mine free prediction
watch my screenshot
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I will add a picture of how you can join my Binance live stream.
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#COS/USDT #Cosmosđ„· #bitcoinhalving #BullorBear
join my live for daily getting 2-3 new Crypto Signals
Here i can see W pattern in 1hour/4 hour time frame now already breakout done and it can technically came back for re-test
here is mine free prediction
watch my screenshot
join my Binance live stream to get information on how you will get a free crypto signal daily.
I will add a picture of how you can join my Binance live stream.
Follow me for more signals and information.
#COS/USDT #Cosmosđ„· #bitcoinhalving #BullorBear
dYdX, a decentralized exchange, has launched its own native blockchain called dYdX Chain, which was built using the Tendermint consensus with the Cosmos SDK.Â
#dydx #DEXs #Cosmosđ„·
#dydx #DEXs #Cosmosđ„·
đš Emergency NEWS! đš
Coin: #COS/USDT
ââJoin my LIVE STREAM for exclusive vip premium signals ! đđ»đđ»
Here is can see cause have upper rejestance . I draw this line , cos will go 0.016987
So of you open long hold short is risky now
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#Cosmosđ„· #COS/USDT
Coin: #COS/USDT
ââJoin my LIVE STREAM for exclusive vip premium signals ! đđ»đđ»
Here is can see cause have upper rejestance . I draw this line , cos will go 0.016987
So of you open long hold short is risky now
Want daily premium signals like this (2-4 signals per day) by following these steps:
1ïžâŁ Join my Binance LIVE for more information about premium signals
#Cosmosđ„· #COS/USDT
Title: "Kavaâs Remarkable Growth in 2024: Key Takeaways from Everstakeâs Report"
Content:
"In the first half of 2024, Kava has solidified its position within the DeFi space, marked by impressive growth in Total Value Locked (TVL) and significant strides towards decentralization. The platform's integration within the Cosmos ecosystem and continuous innovation in DeFi solutions have attracted a growing number of users. Everstakeâs latest report highlights these key achievements, showcasing Kava's expanding influence and strategic advancements. Dive into our detailed infographic to explore the five critical aspects of Kavaâs evolution."
#Kava #DeFi #Cosmosđ„· #Blockchain #Everstake @KAVA_CHAIN
Content:
"In the first half of 2024, Kava has solidified its position within the DeFi space, marked by impressive growth in Total Value Locked (TVL) and significant strides towards decentralization. The platform's integration within the Cosmos ecosystem and continuous innovation in DeFi solutions have attracted a growing number of users. Everstakeâs latest report highlights these key achievements, showcasing Kava's expanding influence and strategic advancements. Dive into our detailed infographic to explore the five critical aspects of Kavaâs evolution."
#Kava #DeFi #Cosmosđ„· #Blockchain #Everstake @KAVA_CHAIN
Today's gainers COS, CVC, REI etc...
$COS $CVC $REI
#ReiNetwork #CVCđđđđđđđ
#Cosmosđ„·
#Write2Earrn #BTC
đ đ đ
đ„ đ„ đ„
$COS $CVC $REI
#ReiNetwork #CVCđđđđđđđ
#Cosmosđ„·
#Write2Earrn #BTC
đ đ đ
đ„ đ„ đ„
đ„đ„COSMOS AIRDROPđ„đ„
đ”đ”Need a passive income from airdrops ?
I will show you how you can do that in few steps :
1.Celestia (TIA)
Stake TIA (minmum x1 TIA)
Vote on TIA governance proposals
2.Injective (INJ)
Stake INJ (minmum x1 INJ)
Vote on INJ governance proposals
3.Kujira (KUJI)
Stake KUJI (minmum x5 KUJI)
Vote on KUJI governance proposals
4.Osmosis (OSMO)
Stake OSMO (minmum x10 OSMO)
Vote on OSMO governance proposals
5.Cosmos Hub (ATOM)
Stake ATOM (minmum x1 ATOM)
Vote on ATOM governance proposals
đ»If you need a tutorial to do that, please make a comment to I can make a video for you.
đFollow to receive more airdrops call !
#airdrops #BTC #Cosmosđ„· #CelestiaToTheMoon #InjectiveBlockchain
đ”đ”Need a passive income from airdrops ?
I will show you how you can do that in few steps :
1.Celestia (TIA)
Stake TIA (minmum x1 TIA)
Vote on TIA governance proposals
2.Injective (INJ)
Stake INJ (minmum x1 INJ)
Vote on INJ governance proposals
3.Kujira (KUJI)
Stake KUJI (minmum x5 KUJI)
Vote on KUJI governance proposals
4.Osmosis (OSMO)
Stake OSMO (minmum x10 OSMO)
Vote on OSMO governance proposals
5.Cosmos Hub (ATOM)
Stake ATOM (minmum x1 ATOM)
Vote on ATOM governance proposals
đ»If you need a tutorial to do that, please make a comment to I can make a video for you.
đFollow to receive more airdrops call !
#airdrops #BTC #Cosmosđ„· #CelestiaToTheMoon #InjectiveBlockchain
Everything about $ATOM
#Cosmosđ„· , an ambitious project, aims to establish the Internet of Blockchainsâa network of interconnected, interoperable blockchains facilitating decentralized value and data exchange. Comprising the Cosmos SDK, IBC protocol, and Cosmos Hub, key features include customizable application-specific blockchains, cross-chain communication via IBC, and the Cosmos Hub serving as the network's economic center. ATOM, the native token, supports staking, governance, and fees.
Advantages include scalability through individual chains, sovereignty for diverse rule-setting, and a modular framework fostering innovation. Challenges involve governance coordination, competition from other blockchain solutions, and the gradual adoption of the IBC protocol. Despite challenges, Cosmos holds the potential to revolutionize the blockchain industry by enabling decentralized, cross-chain exchanges and fostering innovation.
#Cosmosđ„· , an ambitious project, aims to establish the Internet of Blockchainsâa network of interconnected, interoperable blockchains facilitating decentralized value and data exchange. Comprising the Cosmos SDK, IBC protocol, and Cosmos Hub, key features include customizable application-specific blockchains, cross-chain communication via IBC, and the Cosmos Hub serving as the network's economic center. ATOM, the native token, supports staking, governance, and fees.
Advantages include scalability through individual chains, sovereignty for diverse rule-setting, and a modular framework fostering innovation. Challenges involve governance coordination, competition from other blockchain solutions, and the gradual adoption of the IBC protocol. Despite challenges, Cosmos holds the potential to revolutionize the blockchain industry by enabling decentralized, cross-chain exchanges and fostering innovation.
About Cosmos
Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain. ATOM holders can stake their tokens in order to maintain the network and receive more ATOM as a reward.
What Is Cosmos (ATOM)?
The Cosmos (ATOM) network is an ecosystem of blockchains that can scale and interoperate. Cosmos seeks to create an Internet of Blockchains through which blockchains can maintain sovereignty, interact with other blockchains in the ecosystem, and process transactions quicklyâmaking it optimal for multiple use cases. The network functions using BFT consensus algorithms along with Tendermint consensus, which is used to power each blockchain in the Cosmos. Tendermint BFT is a proof-of-stake consensus protocol that powers the Cosmos Hub and the Cosmos SDK (software development kit). BFT (Byzantine fault tolerance) is a consensus algorithm of a distributed network that reaches consensus even when some of the networkâs nodes respond with incorrect information or fail to respond.Â
The Cosmos SDK is an open-source framework that aims to build multi-asset public proof-of-stake (PoS) blockchains. The Cosmos Hub is a blockchain that serves as the economic center of the Cosmos platform. The Cosmos Hub aims to provide interchain token exchange, interchain security, bridges to ETH and BTC, and interchain token custodianship.Â
According to the Cosmos whitepaper, blockchains are isolated and cannot communicate. They are hard to build and cannot handle a small number of transactions per second. Following this, Cosmos caters to three problems in the blockchain: sovereignty, scalability, and sustainability.Â
Sovereignty: On blockchains, all the economic activity takes place on a single chain. This leads to centralized governance, ongoing costs for smart contract developers, and high fees for users of congested chains. To solve this problem, Cosmos SDK aims to be free for developers to build sovereign blockchain apps without ongoing costs.Scalability: Cosmos aims to allow blockchain applications to scale to millions of users through horizontal and vertical scalability solutions. Cosmos seeks to achieve scalability by duplicating a blockchain to relieve congestion or splitting up the apps into multiple application-specific blockchains. Interchain token transfers allow these multiple chains to continue as one network. Also, developers can improve throughput with horizontal scalability (multiple parallel chains running the same application and operated by a common validator set).Sustainability: Cosmos blockchains use an efficient proof-of-stake (PoS) consensus algorithm for securing the network. This PoS algorithm reduces the Cosmos carbon footprint by more than 99% compared to proof-of-work blockchains.
ATOM is the primary token of the Cosmos Hub and aims to secure the Hubâs interchain services. ATOM has three use cases on the platform.
As a spam prevention mechanism, the token is used to pay fees. The fee amount may be proportional to the computation required by the transaction.As staking tokens, ATOM can be "bonded" to earn block rewards. Cosmos Hubâs economic security depends on the amount of ATOM staked. With more tokens collateralized, more shares are at stake, and the cost of attacking the network is higher. Thus, with more bonded ATOM, the network has greater economic security.ATOM holders may govern the Cosmos Hub with their staked ATOM by voting on the proposals.
History of Cosmos (ATOM)
In 2014, Jae Kwon applied Byzantine fault tolerance (BFT) research in a proof-of-stake (PoS) public blockchain context and founded Tendermint Inc. In 2015, Ethan Buchman joined Jae Kwon in developing Tendermint. Tendermint started the initial software development, and in 2016, Cosmos turned into a reality. Cosmos Hub was launched on March 13, 2019.
The Interchain Foundation (ICF) supports the development of Cosmos. ICF is a Swiss non-profit foundation formed to support Cosmos development and the ecosystem contributing to the Cosmos Network. Cosmosis built by 15+ companies.Â
How Are New Cosmos (ATOM) Created & Earned?
ATOM is effectively locked up for an indefinite period upon staking ATOM. While delegated, ATOM cannot be transferred as guaranteed by the protocol. Delegating is a process wherein the validatorâs status and weight are established based on its amount of voting power. Voting power is obtained upon locking ATOM in the staking process and must be granted to a validator. However, the user can trigger the process to unlock their staked ATOM by using the wallet of their choice. This process is called "undelegating." The undelegate process takes 21 days for ATOM to be transferable again after the transaction to undelegate has been sent.
On the platform, staking rewards are generated and distributed to staked ATOM holders in two ways:
Transaction fees: Transaction fees collected on the Cosmos Hub are distributed to staked ATOM holders.Newly created ATOM: The token's total supply is inflated to reward the token stakers. The token holders that do not stake do not receive rewards, diluting their ATOM over time.
Social
Some highlights about Cosmos on social media
286 unique individuals are talking about Cosmos and it is ranked #49 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Cosmos has an average sentiment score of 0.1 out of 5. Finally, Cosmos is becoming more newsworthy, with 0 news articles published about Cosmos. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Cosmos. There were 26.76% of tweets with bullish sentiment compared to 5.12% of tweets with a bearish sentiment about Cosmos. 68.12% of tweets were neutral about Cosmos. These sentiments are based on 527 tweets.
On Reddit, Cosmos was mentioned in 0 Reddit posts and there were 0 comments about Cosmos. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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#BinanceSquareAnalysis #Cosmosđ„·
$ATOM $MATIC $BTC $USTC
What Is Cosmos (ATOM)?
The Cosmos (ATOM) network is an ecosystem of blockchains that can scale and interoperate. Cosmos seeks to create an Internet of Blockchains through which blockchains can maintain sovereignty, interact with other blockchains in the ecosystem, and process transactions quicklyâmaking it optimal for multiple use cases. The network functions using BFT consensus algorithms along with Tendermint consensus, which is used to power each blockchain in the Cosmos. Tendermint BFT is a proof-of-stake consensus protocol that powers the Cosmos Hub and the Cosmos SDK (software development kit). BFT (Byzantine fault tolerance) is a consensus algorithm of a distributed network that reaches consensus even when some of the networkâs nodes respond with incorrect information or fail to respond.Â
The Cosmos SDK is an open-source framework that aims to build multi-asset public proof-of-stake (PoS) blockchains. The Cosmos Hub is a blockchain that serves as the economic center of the Cosmos platform. The Cosmos Hub aims to provide interchain token exchange, interchain security, bridges to ETH and BTC, and interchain token custodianship.Â
According to the Cosmos whitepaper, blockchains are isolated and cannot communicate. They are hard to build and cannot handle a small number of transactions per second. Following this, Cosmos caters to three problems in the blockchain: sovereignty, scalability, and sustainability.Â
Sovereignty: On blockchains, all the economic activity takes place on a single chain. This leads to centralized governance, ongoing costs for smart contract developers, and high fees for users of congested chains. To solve this problem, Cosmos SDK aims to be free for developers to build sovereign blockchain apps without ongoing costs.Scalability: Cosmos aims to allow blockchain applications to scale to millions of users through horizontal and vertical scalability solutions. Cosmos seeks to achieve scalability by duplicating a blockchain to relieve congestion or splitting up the apps into multiple application-specific blockchains. Interchain token transfers allow these multiple chains to continue as one network. Also, developers can improve throughput with horizontal scalability (multiple parallel chains running the same application and operated by a common validator set).Sustainability: Cosmos blockchains use an efficient proof-of-stake (PoS) consensus algorithm for securing the network. This PoS algorithm reduces the Cosmos carbon footprint by more than 99% compared to proof-of-work blockchains.
ATOM is the primary token of the Cosmos Hub and aims to secure the Hubâs interchain services. ATOM has three use cases on the platform.
As a spam prevention mechanism, the token is used to pay fees. The fee amount may be proportional to the computation required by the transaction.As staking tokens, ATOM can be "bonded" to earn block rewards. Cosmos Hubâs economic security depends on the amount of ATOM staked. With more tokens collateralized, more shares are at stake, and the cost of attacking the network is higher. Thus, with more bonded ATOM, the network has greater economic security.ATOM holders may govern the Cosmos Hub with their staked ATOM by voting on the proposals.
History of Cosmos (ATOM)
In 2014, Jae Kwon applied Byzantine fault tolerance (BFT) research in a proof-of-stake (PoS) public blockchain context and founded Tendermint Inc. In 2015, Ethan Buchman joined Jae Kwon in developing Tendermint. Tendermint started the initial software development, and in 2016, Cosmos turned into a reality. Cosmos Hub was launched on March 13, 2019.
The Interchain Foundation (ICF) supports the development of Cosmos. ICF is a Swiss non-profit foundation formed to support Cosmos development and the ecosystem contributing to the Cosmos Network. Cosmosis built by 15+ companies.Â
How Are New Cosmos (ATOM) Created & Earned?
ATOM is effectively locked up for an indefinite period upon staking ATOM. While delegated, ATOM cannot be transferred as guaranteed by the protocol. Delegating is a process wherein the validatorâs status and weight are established based on its amount of voting power. Voting power is obtained upon locking ATOM in the staking process and must be granted to a validator. However, the user can trigger the process to unlock their staked ATOM by using the wallet of their choice. This process is called "undelegating." The undelegate process takes 21 days for ATOM to be transferable again after the transaction to undelegate has been sent.
On the platform, staking rewards are generated and distributed to staked ATOM holders in two ways:
Transaction fees: Transaction fees collected on the Cosmos Hub are distributed to staked ATOM holders.Newly created ATOM: The token's total supply is inflated to reward the token stakers. The token holders that do not stake do not receive rewards, diluting their ATOM over time.
Social
Some highlights about Cosmos on social media
286 unique individuals are talking about Cosmos and it is ranked #49 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Cosmos has an average sentiment score of 0.1 out of 5. Finally, Cosmos is becoming more newsworthy, with 0 news articles published about Cosmos. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Cosmos. There were 26.76% of tweets with bullish sentiment compared to 5.12% of tweets with a bearish sentiment about Cosmos. 68.12% of tweets were neutral about Cosmos. These sentiments are based on 527 tweets.
On Reddit, Cosmos was mentioned in 0 Reddit posts and there were 0 comments about Cosmos. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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#BinanceSquareAnalysis #Cosmosđ„·
$ATOM $MATIC $BTC $USTC
