Cosmos Hub
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About Cosmos Hub
Cosmos is a decentralized network of independent, scalable, and interoperable blockchains.
It is an ecosystem of connected blockchains that can scale and interoperate with each other. Cosmos aims to make it easier for developers to build and deploy blockchain applications. At the core of Cosmos is the Cosmos Hub, a proof-of-stake blockchain that serves as the central hub for all connected blockchains.
The Cosmos Hub acts as a bridge between different blockchains, allowing them to communicate with each other and exchange data. This enables developers to create applications that span multiple blockchains, allowing them to take advantage of the features of each chain. The Cosmos Hub also provides a set of tools and services that make it easier for developers to build applications on top of it.
These include an Inter-Blockchain Communication (IBC) protocol, which allows different blockchains to communicate with each other; Tendermint Core, which provides consensus algorithms; and the Cosmos SDK, which provides an application development framework for building blockchain applications on top of the Cosmos Hub. Cosmos also has its own cryptocurrency called Atom (ATOM). ATOM is used as a staking token on the Cosmos Hub and can be used to pay transaction fees on any connected blockchain.
It can also be used as collateral in decentralized finance (DeFi) protocols built on top of the Cosmos Hub.
