Cosmos (ATOM) is the native token on the decentralized blockchain network Cosmos, which allows developers to build their own independent blockchains. The network’s website notes that developers have used its technology to build several major blockchain projects, including its own ATOM token. Other projects on the network include:
Terra (LUNA, which collapsed in May 2022 and has since been rebranded).
Cosmos simplifies the otherwise difficult process of developing blockchains, making the larger crypto ecosystem more scalable and accessible. Buying ATOM is a good option for people who want to invest in Cosmos’ technology and believe in its potential.
Before Cosmos launched, blockchains were built in isolation from each other from the ground up, which took a lot of programming work. Cosmos introduced a platform that allows developers to create their own separate blockchains through a software engine called Ignite, previously known as Tendermint.
Ignite provides the core…
This article was written by Connor Emmert and originally published on www.nerdwallet.com