Cosmos to Join BUIDL Day ETHDenver x DoraHacks on March 1st

The event will showcase emerging projects within the Cosmos ecosystem and beyond, featuring collaborations with Babylon Labs, Initia, Movement Labs, SonicLabs, and Aptos.

Cosmos, a decentralized platform enabling interoperability among blockchains, will participate in BUIDL Day ETHDenver x DoraHacks, scheduled for March 1st in Denver. This event will highlight up-and-coming projects within the Cosmos ecosystem and beyond, showcasing collaborations with Babylon Labs, Initia, Movement Labs, SonicLabs, and Aptos.

Delving into Cosmos

Cosmos is a decentralized platform designed to facilitate interoperability between blockchains. The core of this ecosystem is the Cosmos Hub, serving as the central registry for multiple specialized blockchains termed as “Zones”.

Zones, tailored by developers for specific needs, are developed using the Cosmos SDK. This software development kit streamlines blockchain creation within the Cosmos environment. Its default consensus system, Tendermint Core, offers a validator-centric consensus mechanism consistent across multiple Cosmos blockchains. However, the criterion for validator selection varies by each Zone.

ATOM, the Primary Token of Cosmos

ATOM is the primary token of the Cosmos ecosystem. For the Cosmos Hub, validators are chosen from the top ATOM stakers, and their influence is directly proportional to their staked amount. This token not only determines voting power in the consensus process but also is utilized to pay for transaction fees and engage in governance decisions. Validators, vital for network consensus, are incentivized to actively participate in proposal reviews, else they might be subjected to penalties