CMC#	Market Cap (USD)	Volume (24hr)	Circulating Supply	NVTS	Change (7d)	Change (24h)	Savings Per 1K
35	$4,824,810,000.00	$1,058,300,000.00	210,767,000 ATOM	--	-21%	-11.95%	$4,807.26

Background

Cosmos aims to combine the utility of open-source software, decentralized value-transfer networks, and time-stamped block chain data storage to accelerate the scaling, adoption, and use-case experimentation of these protocols. It views some key obstacles to these goals as status quo inefficiency, limited performance, and ad hoc governance styles. To correct these concerns, Cosmos was created as a decentralized network of independent, scalable, and interoperable blockchains, creating the foundation for a new token economy. The ideal solution, according to Cosmos, is to build a tool for interacting with multiple parallel blockchains such that the relative, unique value of a given chain's features are exploitable on any other chain. In essence, a layer network connecting existing chains and sync activity and growth in the blockchain space. The Cosmos SDK is a developer-friendly, modular framework, each powered by a Byzantine Fault-Tolerant (BFT) consensus algorithm such as Tendermint Core, allowing developers to fully customize their decentralized applications and focus on business logic.

Technology

Cosmos SDK: The Cosmos SDK is a user-friendly, modular framework that allow developers to quickly and easily build a custom blockchain application, powered by Tendermint Core’s BFT Proof of Stake protocol. Tendermint Core: Tendermint Core is a PBFT (practical byzantine fault tolerant) consensus protocol that prioritizes safety over liveliness. Tendermint Core’s application interface, ABCI allows transactions to be processed in any language IBC: The Inter-Blockchain Communication Protocol (IBC) is a standard protocol that enables two chains with finality to transfer tokens and data in a decentralized way. It functions in a similar way the TCP/IP does for the internet. This is the mechanism that enables communication and crypto-asset transfers across a network of siloed blockchains to securely interoperate. Ethermint: Ethermint is a Cosmos SDK application that runs the EVM as a module and is fully compatible with the Web3 RPC interface. It supports Ethereum smart contracts, allowing Ethereum developers to easily port their dApp over into the Cosmos ecosystem. Cosmos Wallet: Voyager is an easy-to-use wallet interface designed to enable atom holders to perform common transactions through a modern GUI: transfer coins, stake, and participate in governance on Cosmos SDK chains. Peggy: Peggy is a type of IBC designed for communicating to legacy chains (that aren't natively IBC compatible) such as Bitcoin and Ethereum and acts as a bridge to the Cosmos ecosystem.

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