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Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint consensus. In other words, Cosmos is an ecosystem of blockchains that can scale and interoperate with each other. Before Cosmos, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small amount of transactions per second. Cosmos solves these problems with a new technical vision. In order to understand this vision we need to go back to the fundamentals of blockchain technology.
Polkadot founder, Gavin Wood, announces the auction of Parachain on Kusama network. Auction to last for five weeks and provide a chance to test and experiment with technological features before the deployment of Polkadot.
The Polygon team aims to transform Ethereum into a multichain ecosystem with secure L2 chains and independent chains while addressing Ethereum’s scalability challenges.
The addition of new digital assets means Revolut continues its march towards a super app status even as it warns its clients to exercise caution in trading due to the volatility of crypto prices.
Following the launch of the Reef Chain Mainnet, DeFi users can gain a smart decentralized finance exposure with interoperability features across multiple chains including Ethereum, Polkadot, Cosmos, Avalanche, and the Binance Smart Chain amongst others.
Launched on March 29, the Cosmos Inter-Blockchain Communication is a significant milestone in enabling seamless connectivity in the decentralized financial ecosystem.