the BlockchaPlatform to provide inter-connection Cosmosofficially launched the ecosystem. In April 2017, Cosmos had collected about $ 17 million in the ICO.
Cosmos Network developers define Cosmos as “Blockchain Internet Cos. The project is being developed by Tendermint Inc., a California-based startup. Tendermint creates the Blockchain ecosystem with the support of the Swiss nonprofit Interchain Foundation.
The launch of the Cosmos home network was announced on the official Twitter page of Cosmos and was broadcast live on YouTube. The first block of Cosmos was dug yesterday.
According to the Cosmos Network website, developers aim to create a scalable ecosystem. Developers aiming to access different decentralized applications on a single platform, have been working on the project for 3 years. The start of yesterday was the first phase of the Proof of Stake (PoS) chains. Tendermint stated that Cosmos will spend 2 more stages and expand.
After launching the main network, developers can now run any decentralized application on the network. Thanks to the BFT PoS consensus that doesn't have the scaling problems of the PoW system, the processes for games, social media applications and financial applications are shorter to minutes than the minutes. A long-established algorithm by BFT computer scientists has been working on the Tendermint Cosmos algorithm since 2014.
At the end of 2018, TenX developers performed a platform that could adapt to Blockchain. Developers continue to develop Ethereum ERC20 tokens and Bitcoin's ability to adapt to each other using Lightning Network. Cosmos and TenX can rival Ethereum in the decentralized field of application.