As we strive to increase our userbase alongside improving the overall user experience, our goal is to offer our users a wide range of top quality cryptocurrencies. That's why we are proud to announce a new addition to our exchange. Cosmos (ATOM) will be added to the list of tradeable assets on Eterbase exchange and paired against EUR and USDT.
ATOM trading will start on TUESDAY 21st Jan 18:00 CET.
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.
To address the above mentioned issues, COSMOS has come up with 3 major solutions that will ease and upgrade the blockchain that exists today.
Tendermint BFT and the ABCI:
Until recently, building a blockchain required building all three layers (Networking, Consensus, and Application) from the ground up. Ethereum simplified the development of decentralized applications by providing a Virtual-Machine blockchain on which anyone could deploy custom logic in the form of Smart Contracts. However, it did not simplify the development of blockchains themselves. Tendermint BFT is a solution that packages the networking and consensus layers of a blockchain into a generic engine, allowing developers to focus on application development as opposed to the complex underlying protocol. As a result, Tendermint saves hundreds of hours of development time.
The Cosmos SDK is a generalized framework that simplifies the process of building secure blockchain applications on top of Tendermint BFT. The goal of the Cosmos SDK is to create an ecosystem of modules that allows developers to easily spin up application-specific blockchains without having to code each bit of functionality of their application from scratch.
IBC — Connecting Blockchains Together:
The connection between blockchains is achieved through a protocol called Inter-Blockchain Communication protocol (IBC). IBC leverages the instant finality property of Tendermint consensus (although it can work with any “fast-finality” blockchain engine) to allow heterogeneous chains to transfer value (i.e. tokens) or data to each other.
A more detailed intro about Cosmos can be found here.
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