Cosmos Dedicated Node

The Cosmos network was created in 2017 for the purpose of combining different blockchains. The Cosmos network uses ATOM coins. There is no limit to their total issuance. In total, there are already more than 256 million ATOM coins. Their number is increasing, according to the algorithm, by about 10% per year. ATOM coins are not only used for payments between Cosmos nodes but also for voting on the direction of the project.
Since the ICO ATOM price has grown by more than 200 times. This indicates a high Cosmos potential. A kind of Delegated Proof-of-Stake algorithm is used to confirm transactions between Cosmos nodes. The creation of web3 apps, dApps and blockchain smart contracts takes place in a software environment called ABCI. Common programming languages such as Java, C++, Go or Solidity are used to write them.

The Cosmos network uses the IBC (Inter-Blockchain Communication protocol) to link different blockchains together. Independent parallel blockchains, each using the Byzantine Fault Tolerance (BFT) algorithm, can communicate with each other and with the central Cosmos blockchain. It can also be used to connect other cryptocurrency networks, such as the Bitcoin blockchain and the Ethereum blockchain to its services - including Cosmos dedicated node. To do this, the main blockchain, called the Concentrator, connects the other blockchains together like a hub connects the spokes in a wheel.

The Cosmos master blockchain freezes funds until it receives confirmation from those blockchains between which the transfer is being made. Once confirmation is received, the coins are destroyed in both the sender blockchain and the master blockchain. This system prevents double spending. It allows exchanges not only between blockchains in the Cosmos ecosystem, but also between blockchains of any other cryptocurrency integrated into the single protocol with Cosmos dedicated node.

The Cosmos network uses Cosmos nodes with validator rights to validate transactions. There can be a total of 100 such nodes. To become one of them, a Cosmos node must be in the top 100 by the number of coins in the wallet. It is planned that further the number of such Cosmos nodes will be expanded to 300. This expansion will take place gradually. The Cosmos algorithm - Delegated Proof-of-Stake. This means that ordinary Cosmos users who cannot become Cosmos nodes with validator rights can entrust their ATOM coins to one of these ATOM dedicated nodes. Their reward in the form of transaction fees between nodes will be proportional to the number of coins. If a Cosmos validator node engages in malicious activity, however, it will be disconnected from the Cosmos network. For a new transaction to be included in the blockchain, it must be approved by at least two-thirds of the validator nodes.

In addition to all of the above, the Cosmos blockchain supports the creation of various web3 apps, dApps and blockchain smart contracts. These are created in the Cosmos SDK, a popular framework for building application-specific blockchains. Before running programs in the Cosmos mainnet, developers can test that they work in the Cosmos testnet. Professional web3 apps, dApps and blockchain smart contracts can't do without Cosmos dedicated nodes. Since setting up Cosmos dedicated nodes even for an experienced developer is extremely complicated, the best solution is the Cosmos blockchain node as a service. Booting its ATOM dedicated node is a smart bet for every scalable dApp. All you need to get rid of a lot of the hassle of installing and configuring a Cosmos dedicated node is the Cosmos blockchain node as a service.