Megaphone
Cosmos — Multi-asset Distributed Ledger
Cosmos is a novel answer to “Sidechains,” which aims to enable users to
traverse a galaxy of Blockchains with ease. Cosmos wants to offer multi-
ple parallel Blockchains to interoperate while retaining their security pro-
perties. Cosmos is focused on interoperability between blockchains and a
low-energy consuming version of a Blockchain with great scaling flexibility.
osmos makes use of a Hub that connects different zones. A Hub hosts a multi-asset
distributed ledger, where tokens can be held by both users or zones. The cool thing
here is that it’s possible to move tokens from one zone to one another. This is again
accomplished through IBC communication of a coin packet. Basically, the Hub is as
well a routing mechanism. A Zone is an independent blockchain that is capable of
exchanging these IBC (inter blockchain communication) messages with the corre-
sponding Hub.