How does Cosmos work?
Cosmos is a decentralized network of independent, scalable, and interoperable blockchains.
It is powered by the Cosmos Hub, a blockchain that connects different blockchains together. The Cosmos Hub is secured by a proof-of-stake consensus algorithm called Tendermint Core. The Cosmos Hub allows users to transfer tokens between different blockchains in the network.
This process is known as “interchain communication” and it enables users to move assets from one blockchain to another without having to trust any third party. This makes it possible for users to access services on different blockchains without having to trust any single entity or organization. The Cosmos Hub also enables developers to build their own custom blockchains that are interoperable with other blockchains in the network.
This allows developers to create their own applications and services that can interact with other applications and services on different blockchains in the network. The Cosmos Hub also provides a set of tools for developers such as an SDK, API, and CLI which makes it easier for them to develop applications on top of the platform. Additionally, the Cosmos Hub provides an incentive system which rewards users who participate in securing the network by staking their tokens on validators.
This helps ensure that the network remains secure and reliable over time.
