Cosmos, also known as the Internet of Blockchains, is a growing ecosystem that aims to develop connectivity between multiple blockchain networks, as well as their decentralized apps and services. Using the Cosmos Hub, developers can enable interconnectivity between different blockchains to make their ecosystem far more scalable and wide-reaching.
The Cosmos Hub is the underlying blockchain technology that powers Cosmos and the Inter-Blockchain Communication (IBC) protocol. The IBC protocol is the technology that allows various blockchain ecosystems to communicate with each other, supporting the transfer of data and digital assets across previously siloed and disconnected, independent blockchains.
ATOM is the native digital asset within the Cosmos ecosystem. It is used as the governance and utility token within this network.
Validators participating in the consensus activities within the Cosmos network get to earn rewards in ATOM tokens. ATOM holders are also empowered to participate in voting on decisions related to upgrades and the future development of the Cosmos ecosystem.
As of May 2022, the Cosmos Hub supports nearly 50 digital assets across 28 IBC-enabled blockchains. The total market cap of the Cosmos ecosystem exceeds $105 billion, of which the IBC market cap accounts for over $43 billion.
You can learn more about Cosmos(ATOM) at our KuCoin Blog.