Cryptocurrency Q&A
Which blockchain is cosmos on?
Which blockchain is cosmos on?
Michele
Sun May 19 2024
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7 answers
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Excuse me, could you please clarify for me which blockchain the Cosmos ecosystem is built upon? I've been hearing a lot about its interoperability features and its unique approach to scaling, but I'm still a bit hazy on the technical details. I'm particularly interested in understanding the underlying blockchain technology that powers Cosmos and how it differs from other major blockchains out there. Could you please elaborate on this matter?
7 answers
Riccardo
Tue May 21 2024
Another crucial aspect of ATOM is its role in staking for network security. Users can stake their tokens to become validators, contributing to the decentralization and stability of the Cosmos Hub.
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GangnamGlitz
Tue May 21 2024
On-chain governance decisions are also facilitated by the ATOM token. Holders of the token can participate in voting processes, shaping the future direction and policies of the Cosmos Hub.
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TaekwondoMasterStrengthHonor
Tue May 21 2024
The versatility of ATOM underscores its significance in the Cosmos ecosystem. It not only powers transactions but also enables users to actively participate in the governance and security of the network.
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Sara
Tue May 21 2024
The ATOM token functions as the fundamental currency of the Cosmos Hub, a pivotal blockchain within the Cosmos Network. It serves as the backbone of the ecosystem, powering various transactions and interactions.
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KpopStarlet
Tue May 21 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive range of services related to digital assets. Among its offerings are spot trading, allowing users to buy and sell cryptocurrencies at current market prices.
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