COSMOS: A BRIEF SUMMARY
Cosmos (ATOM) wants to solve the problems of costly transaction fees, poor scalability and relatively low transaction capacity on blockchains using proof-of-work by building an ecosystem of interconnected blockchains. Cosmos also wants to simplify the blockchain for developers through a modular framework that demystifies dApps. Cosmos’ white paper was published in 2016, and a sale of tokens was held the following year. ATOM tokens function using a hybrid proof-of-stake mechanism; they help to secure the Cosmos Hub and are also the network’s governance token. Cosmos was co-founded by Jae Kwom, Zarko Milosevic and Ethan Buchman.