Into the CØSMOS - 1confirmation

3/10/2019

Executive Summary

Trusted third parties are needed to act as bridges between different blockchains which introduces centralization risk. Cosmos ($ATOM) looks to change this by acting as a self-sovereign bridge allowing interoperability in the Cosmos network utilizing the Inter-Blockchain Communication (IBC) protocol. Cosmos SDK also enables new low-dollar value, high throughput use cases not currently feasible with many existing blockchains.

ATOMs are staked to validate transactions providing security to the network. If the Cosmos Hub is useful in connecting many chains, more people will believe security is important and earning rewards from staking is valuable. Community belief is what makes tokens valuable, therefore the ATOM token will accrue value as the network grows.