#Cosmos (atom) is a cryptocurrency that powers an ecosystem of block chain designed to scale and inter operate with each other.
Cosmos was founded by Jae Kwon from south korea and Ethan Buchman from canada in 2014 with the support of the interchain foundation (ICF) a swiss company that supports R&D for secure ,scalable open and decentralized networks.
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 proof -of -stake chains. Near 2000 developers work in cosmos
This approach minimizes complexity and offers developers the flexibility to add any features they desire.the kit provides common functionalities like staking and governance.
Q.1What is the programming language is cosmos written in?
Ans-The cosmos SDK is framework for building blockchains applications .Comet BFT Means Byzantine fault -tolerant consensus algorithm such as tender mint bat, allowing developers to fully customize their decentralized applications and focus on business logic and the cosmos SDK are written in the Go programming language
$ATOM is a good investment in the sense that it is one of the first tokens connected to defi
Atom is the native token (Cosmos) , a decentralized network that provides open source tools for developers to create their own interoperable blockchains. One of the biggest problems with blockchains is they are created independently and very few have the ability to transfer data between one to another.
Smart contract enables developers to build apps on these blockchains, and these smart contract powered apps are known as decentralized applications , or dapps for short.
Coins have a block chain of their own while tokens reside on already existing blockchains.
Q.2 HOW COSMOS WORKS?
It Serves as the primary hub in the network where each new zone, or decentralized blockchain application is linked. The cosmos hub ,the first blockchain , launched on the cosmos network , maintains a of reward each zone's state and vice versa , allowing for seamless interaction add command action between zones.
Ethan Buchman said in interview
Buchman: I mean, there’s plenty of users across Cosmos. Terra was obviously massively used, and it was built on the Cosmos. Obviously, with Terra’s collapse and bear market, I think a lot of people did sort of move back to Ethereum, where it’s allegedly safer or where there’s more consolidation.
But I think we’re starting to see activity pick up again across the Cosmos ecosystem, we’re seeing new blockchains that are going to be built in Cosmos: Celestia, Anoma, Penumbra, they’re all coming up, and they’re all pioneering new approaches to cryptography or to modularity application designs and privacy which can only be done in Cosmos. How many users are they going to have? Well, I don’t know.
I think the whole industry is struggling with use cases. There’s a lot of focus on speculative activity and trading, and with fragmented liquidity, it’s difficult to have a good trading menu, so everyone wants to consolidate and that’s why most liquidity is on Ethereum, fair enough.
But as new use cases start to emerge, I think we’ll start to see user activity pick up within Cosmos and other ecosystems again. I’m very interested in seeing this technology actually be able to be used in the real world rather than just these speculative use cases, and that’s something we’re really focused on and working on building right now, but I think there’s still a long way to go with all of that.
A small part of what crypto addresses and can be solved is a technical problem. But more broadly, there are social, political and economic challenges that it’s going after. Those take a lot longer, and it’s really about changing the structures of institutions, which will inevitably take decades and can’t be measured in two-year product market cycle.
$ATOM price was in 2017 - 0.10$
In 2018-4.47$
In 2019-6.49$
In 2020 there was fluctuations from 2$ to 8$
In oct 2021 it was highest price ever that was 43$
In 2022 price was 15$
Now price is 9.22$
