What are the Cosmos public chain ecological projects? Inventory of the top ten Cosmos public chain ecological coins

Cosmos is known as the Internet of Blockchains. It is a heterogeneous network launched by the Tendermint team that supports cross-chain interaction. It is an application and service that uses the IBC (Inter-Blockchain Communication) protocol to exchange digital assets and data. ecosystem. It aims to solve the problems of blockchain interoperability and scalability and improve transaction speed. The current development speed of the Cosmos Federation of Trade Unions is obvious to all. Cooperation with Crypto.com Capital, OKX Blockdream Ventures, etc. has further promoted its development. As an investor, what are the ecological projects of the Cosmos public chain? The most important thing to pay attention to at the moment is ATOM, MATIC, CRO, RUNE, etc. The following editor will talk about the Cosmos public chain project in detail.

What are the Cosmos public chain ecological projects?

The Cosmos public chain ecosystem is a huge decentralized network composed of multiple blockchains connected in a decentralized manner using cross-chain communication protocols. It can also be called an interconnected chain. The current Cosmos public chain ecological projects mainly include ATOM, MATIC, CRO, RUNE, ROSE, FET, KAVA, THETA, LUNC, AKT, etc. The following is a detailed introduction to some projects:

1, ATOM

ATOM is the native token of CosmosHub and has multiple functions. First, users can pay transaction fees through ATOM as part of the gas fee-based system. Secondly, ATOM can also be used to participate in network governance, allowing holders to participate in the operation of the consensus mechanism. In addition, ATOM tokens have inflation properties, and their total issuance depends on the total number of staked ATOMs. Through these mechanisms, ATOM tokens play an important role in the CosmosHub ecosystem, promoting the security and stability of the network. ATOM holders can not only provide security to the network, but also influence the direction of the network by participating in the governance process. Overall, ATOM tokens play a key role in CosmosHub, providing

2, MATIC

Matic Network has been renamed Polygon. Polygon is a protocol and framework designed to build and connect Ethereum-compatible blockchain networks. It brings together scalable solutions and provides support for the multi-chain Ethereum ecosystem.

Matic Network is a second-layer scalability platform that enables fast, simple and secure off-chain transactions, not only payment transactions, but also generalized off-chain smart contracts. MaticNetwork is a significant contributor to the Ethereum ecosystem, with outstanding contributions to the implementation of Plasma MVP (Plasma Minimum Running Minimum), the WalletConnect protocol and the Ethereum event reminder engine - Dagger. Matic tokens are used for stake staking and participating in the proof consensus mechanism of the side chain network.

3, CRO

Crypto.com is a leading blockchain company dedicated to providing high-performance solutions. Its product Crypto.comPay supports QR code payment, allowing users to make encrypted payments through their mobile phones at any time and anywhere. Crypto.com’s chain of stores demonstrates the potential of blockchain technology to allow individuals to regain control of their money, data and identity. This innovative solution provides users with a safer and more convenient payment experience, helping to promote the application and development of blockchain technology in daily life.

Crypto.com Chain Token (CRO) is a digital asset designed for cross-asset trading on the Crypto.com Chain. CRO has the function of supporting cross-asset intermediary currency settlement, and users can use CRO tokens to pay transaction fees on the Crypto.com Chain platform. Additionally, CRO tokens have other uses, such as as a means of dividends and rewards. Through CRO tokens, users can conduct efficient and secure transactions on the platform and enjoy various potential rewards and benefits. Crypto.com Chain aims to provide a convenient way for users to easily conduct cross-asset transactions and achieve fast, low-cost settlement through CRO tokens. This allows users to better manage their

4, RUNE

RUNE is the token of the THORChain ecosystem, which can be used to pay transaction fees, maintain liquidity, and be used as block rewards. Token holders can receive dividends.

THORChain is a highly optimized multi-chain that uses pBFT consensus to achieve sub-second block finality. Tokens are traded on a single chain, known as tokenChains with a discrete address space. Multi-group sharding is proposed to allow Byzantine-resistant scaling. The native protocol facilitates protocol-level on-chain trading and order matching, supporting limit and market orders.

5, ROSE

Oasis Network is a decentralized blockchain network built by OasisLabs. It is committed to building a "cloud computing platform" based on blockchain, which can achieve privacy protection and security. Taking into account both performance and software, using the project’s software and hardware integration technology, computing-intensive applications such as artificial intelligence can be implemented on the blockchain for the first time.

6. FET

Fetch token is a quantitative divisible token used by the Fetch.AI network as a digital currency required for any transaction or secure communication and other network operations. In addition, nodes and agents need to mortgage certain tokens in exchange for specific operating qualifications (a security mechanism to prevent malicious behavior).

7, KAVA

Kava is a Layer 1 DeFihub. Developers can use Kava’s security, cross-chain bridge and adapted Chainlink oracle to quickly create new cross-chain DeFi applications and It is deployed to Kava's global user base.

Kava ecosystem has three tokens, KAVA token, USDX stable currency and HARD token. KAVA token is the native token of Kava blockchain and cannot be used in the security, governance and mechanical functions of the platform. lack. Users can mortgage their crypto assets in exchange for Kava’s stablecoin USDX. HARD token is the governance token of HARDProtocol and is used to incentivize early participants to participate in the continued development and management of the product.

8. THETA

THETA is the Ethereum token of the THETA network project. The THETA network project is affiliated to ThetaLabs. It is a new generation of decentralized video streaming platform based on native blockchain technology. The platform issues THETA token rewards to content viewers who share bandwidth, provides high-definition video content, and reduces video distribution. cost.

9, LUNC

LUNA is Terra’s platform token, used for the issuance of stable coins (TerraSDRs), price stabilization mechanism, and network governance. Users can exchange LUNA tokens for TerraSDRs stablecoins and vice versa. In this way, the price stability of the stablecoin is guaranteed.

10. AKT

The Akash network is a fully autonomous proof-of-stake blockchain developed on Cosmos Hub. It uses the native functional token Akash Token (AKT) as a governance and protection zone. Blockchain is the primary means and provides a default mechanism to store and exchange value. AKT will serve as the reserve currency in the Akash multi-currency and multi-chain ecosystem, and at the same time ensure the economic security of the platform's public blockchain through staking.

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