Cosmos is a rapidly scaling, independently interconnected blockchain ecosystem built from developer-friendly application components and connected to the groundbreaking IBC (Inter Blockchain Communication) protocol. There are currently over 262 applications and services in the Cosmos network, including Cosmos AMS, Binance Chain, Terra, Crypto.org and Cosmos Hub, managing over $140 billion in digita
l assets. We believe that interoperability and autonomy trump silos and monopolies, and that collaboration and innovation trump competition and the status quo. In networks where value is created by many but captured by a few, instead of exchanging, storing and protecting that value between parties
Cosmos' vision is based on the powerful Cosmos technology that makes the blockchain internet possible. Prior to Cosmos, blockchains maintained a mainframe "supercomputer" approach, which kept them isolated from each other and unable to communicate with each other. They were also difficult to set up and had limited transaction throughput. Cosmos recognized early on that this energy-inefficient time-sharing model was not scalable. We designed a proof-of-stake (PoS) consensus mechanism that achieves high performance with low energy consumption, and makes it easy for anyone to set up
