Notice: Reprinting from Cosmos Official.
Does Cosmos have a token? When will it be released?
Not one token, but many. The Cosmos Network is an ecosystem of blockchains, where each blockchain in the ecosystem may have an arbitrary number of tokens. This is the case for the Cosmos Hub, the first blockchain to be launched in the Cosmos Network. The token of the Cosmos Hub is called Atom. Atoms will be released once mainnet is launched.
How do I get Atoms?
If you participated in the fundraiser in April of 2017, you can check your suggested Atom balance at fundraiser.cosmos.network. If not, you must wait until the Cosmos Hub launches and Atoms are traded on exchanges.
Are Atoms listed on exchanges?
Who is the team developing the Cosmos Network?
How do I participate in the fundraiser?
The fundraiser has ended. The Interchain Foundation raised funds from private individuals and has hosted a public fundraising event that ended on April 6, 2017. Both $ETH and $BTC were accepted in the fundraiser.
What is the initial allocation of Atoms?
The Interchain Foundation will suggest that 5% of the Atoms go to its initial donors, 10% go to the Interchain Foundation, 10% go to the company developing most of the software (All In Bits Inc.), and the remaining 75% to be distributed according to the results of the private and public fundraisers.
What’s the difference between Tendermint, the Cosmos Network, and the Cosmos Hub?
Tendermint is a general-purpose Replicated State Machine (RSM), that guarantees Byzantine-fault tolerant properties for any distributed ledger technology (DLT) or blockchain application running consensus with it. In practice, it enables developers to build blockchains without having to build everything from scratch.
The Cosmos Network is a network of heterogeneous blockchains, blockchains which are each connected to one another via the Cosmos Hub (i.e. a router) and a standard communication layer called Interblockchain Communication protocol (i.e. TCP/IP).
The Cosmos Hub is the first blockchain to be launched on the Cosmos Network. It acts as a router that facilitates token transactions between future Cosmos blockchains. To ensure security and to prevent double spending, the Cosmos Hub keeps track of the state of all connected blockchains.
When will the Cosmos Network launch?
Please check our:
What is the utility of Atoms?
Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.
As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”. Fee distribution is done in-protocol and a protocol specification is described here.
As staking tokens, Atoms can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network.
Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.
What is the Internet of Blockchains? What are Hubs and Zones?
Cosmos is the blockchain pioneer of the Hub & Spoke architecture. Hubs act as routers for Zones. “Zones” are Cosmos-speak for “application-specific blockchains”. Each Zone is a spoke connected to a hub. Hubs can be connected with other hubs. Together, this ecosystem of connected Hubs and Zones makes up the Cosmos Network, or what we call the ‘Internet of the Blockchains’. Note that the Cosmos ecosystem is entirely permissionless, meaning that anyone can create a Hub or a Zone, and each blockchain is free to accept or refuse connections with other blockchains.
Zones only need to establish a single connection with a Hub in order to be interoperable with all of the other Zones that are each connected to that Hub. The Cosmos Hub is the first Hub to be launched on the Cosmos Network, and anybody is free to fork the Cosmos Hub codebase and launch other Hubs in the Cosmos Network.
What is the Cosmos-SDK?
The Cosmos-SDK is a modular development framework that allows developers to easily build application-specific blockchains, i.e. sidechains.
Why does Cosmos believe that many application-specific chains are needed when there exists a single, general-purpose blockchain?
Applications benefit from running their own chains specialized for their own needs. The performance improvement, greater flexibility, ease of use, and sovereignty enables greater user adoption of an application-specific sidechain.
General-purpose chains serve their purposes, but for most use cases, application-specific blockchains enable developers to optimise the code for the specific application, whereas general-purpose blockchains optimize for the average use case.
Is Cosmos a sidechain project?
At its core, yes. The Cosmos-SDK is a framework which allows developers to easily build and launch what are essentially pegged sidechains. These sidechains are called ‘Zones’ in Cosmos-speak. These sidechains can be connected with the Cosmos Hub via Interblockchain Communication (IBC). Once a sidechain is connected to the Cosmos Hub, it will be interoperable with every other sidechain which is connected to the Cosmos Hub.
What consensus algorithm does Cosmos run on?
Tendermint is the consensus engine that powers Cosmos BPoS.
What advantages does the Cosmos Network have over other blockchain projects? What are some use cases?
There are many advantages that come with deploying a chain on Cosmos:
Flexibility and ease-of-use for the application developer
Sovereignty to govern your own chain
The Cosmos-SDK is designed to empower blockchain application developers to launch applications with high throughput requirements, e.g. decentralized content economies, music sharing, and beyond. Some use cases:
Other (content, private networks, etc.)
Which blockchain projects are built on Cosmos?
Please see the full list (maintained by a member of the community).
Is Cosmos a competitor to Ethereum / does Cosmos intend to replace Ethereum?
Cosmos does not intend to act as a drop-in replacement of Ethereum. The Cosmos technology stack provides complementary blockchain development frameworks that allow developers to launch their own blockchains—a use case that Ethereum’s infrastructure doesn’t currently address.