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Overview
ICO Opening Date
Apr 6th, 2017
ICO Closing Date
Apr 6th, 2017
Description
Cosmos is a network of independent parallel blockchains that are each powered by classical BFT consensus algorithms like Tendermint 1.
The first blockchain in this network will be the Cosmos Hub. The Cosmos Hub connects to many other blockchains (or zones) via a novel inter-blockchain communication protocol. The Cosmos Hub tracks numerous token types and keeps record of the total number of tokens in each connected zone. Tokens can be transferred from one zone to another securely and quickly without the need for a liquid exchange between zones, because all inter-zone coin transfers go through the Cosmos Hub.
This architecture solves many problems that the blockchain space faces today, such as application interoperability, scalability, and seamless upgradability. For example, zones derived from Bitcoind, Go-Ethereum, CryptoNote, ZCash, or any blockchain system can be plugged into the Cosmos Hub. These zones allow Cosmos to scale infinitely to meet global transaction demand. Zones are also a great fit for a distributed exchange, which will be supported as well.
Cosmos is not just a single distributed ledger, and the Cosmos Hub isn’t a walled garden or the center of its universe. We are designing a protocol for an open network of distributed ledgers that can serve as a new foundation for future financial systems, based on principles of cryptography, sound economics, consensus theory, transparency, and accountability.
Technology
Blockchain Platform
Cosmos
Team
Members
Jae Kwon - CEO & Founder
Ethan Buchman - CTO & Cofounder
Advisors
Ash Han
Thomas Greco
Franck Mikulecz
Jim Yang
Zaki Manian
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
Cosmos News
October 10th, 2018
Since interoperability is a key necessity for blockchain tech to be effectively adopted globally, a number of coimpanies including Mateverse, Cosmos, Ark and others work hard to build a cross-chain bridge allowing for creating a universal interoperable ecosystem.
By Teuta Franjkovic on December 14th, 2018 Good news for blockchain token projects concerning their ability to bypass U.S. securities registration requirements. While before they had to stand in the queue to fill out all the documents, now they can obtain so-called no-action letters from the SEC.
December 13th, 2018
For operating a fraudulent Initial Coin Offering, former AriseBank executives have to pay nearly $2.7 million in fines and are prohibited from serving as officers of public companies or engaging in offerings of digital securities.
The ICO market has exploded in the last two years attracting an ever-rising number of fraudsters. A SEC official now believes that international cooperation is crucial to bring the scammers to justice.
South Korea’s financial authorities are actively working on preparing new taxation plans to introduce taxes on crypto trading and ICOs.
The U.S. District Court for the Southern District of California ruled a case between the SEC and Blockvest in favor of the ICO project.
The new guidelines mandate local companies to register with the FSA before launching their ICO digital tokens in the market.
The updated guide clarifies the Singapore central bank’s stance on how certain intermediaries should observe the rules determined by Anti-Money Laundering and Countering Financing of Terrorism policies.
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