Cosmos to Hold AMA on X on June 27th
Cosmos will host an AMA on X on June 27th at 14:00 UTC. The upcoming session will delve into the exploration of new Interchain Services.
Refer to the official tweet by ATOM:
Cosmos - The Interchain âš›ï¸@cosmosJun 26, 2024âš›ï¸ In 2021, @cosmoshub inaugurated the Interchain Service Provider narrative through the concept of Interchain Security.
Today, @SecretNetwork & @ValenceZone also plan to provide services to other blockchains.
In tomorrow's Jam Space, let's explore new Interchain Services â¬‡ï¸ pic.twitter.com/dzNQf3cAQK
ATOM Info
Cosmos is a decentralized platform designed to facilitate interoperability between blockchains. The core of this ecosystem is the Cosmos Hub, serving as the central registry for multiple specialized blockchains termed as “Zones”.
Zones, tailored by developers for specific needs, are developed using the Cosmos SDK. This software development kit streamlines blockchain creation within the Cosmos environment. Its default consensus system, Tendermint Core, offers a validator-centric consensus mechanism consistent across multiple Cosmos blockchains. However, the criterion for validator selection varies by each Zone.
ATOM is the primary token of the Cosmos ecosystem. For the Cosmos Hub, validators are chosen from the top ATOM stakers, and their influence is directly proportional to their staked amount. This token not only determines voting power in the consensus process but also is utilized to pay for transaction fees and engage in governance decisions. Validators, vital for network consensus, are incentivized to actively participate in proposal reviews, else they might be subjected to penalties.