Cosmos to Participate in Sovereign EVM Day in Cannes on June 30th

Cosmos will co-host Sovereign EVM Day in Cannes on June 30th during EthCC conference.

ATOM Info

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 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.