Get to know Cosmos and ATOM

Modified on Mon, 06 Feb 2023 at 11:35 AM

Cosmos Network is a decentralized network of parallel blockchains. The Cosmos network, which is powered by the Byzantine Fault Tolerant (BFT) consensus algorithm, is systematically run as Proof-of-Stake (PoS) and consists of several blockchains in the system, driven by a cryptocurrency called ATOM.


The Cosmos network is renowned for resolving the long-standing Proof-Of-Work blockchain issue that Bitcoin faces and which is unavoidable with issues like delays, costly gas fees, and scalability throughout supporting a high volume of transactions, etc. As the “Internet of Blockchains,” Cosmos thus assumes a significant role in ensuring the safe connection of various blockchains to exchange information with other blockchains, it makes use of the Inter-Blockchain Communication (IBC) protocol.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article