Liminal’s support for the Cosmos blockchain and ATOM tokens!
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Inter Blockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
In a short span of 3 months, Cosmos has been one of the most impact-creating chains on our platform.
Liminal currently supports 14 chains and 1800+ tokens. You can view the complete list along with the roadmap here.
How can institutions access COSMOS on Liminal?
- Institutions will have access to Liminal’s secure storage and trading ecosystem with immediate effect.
- Liminal added the ATOM token to the 1800+ tokens of digital assets supported across Liminal’s infrastructure.
How can DeFi access COSMOS on Liminal?
- Liminal dashboard via WalletConnect
- Liminal DeFi API
Liminal and Cosmos both are known for their secure transactions. Through this partnership, we promise to provide a more secure way of handling your digital assets.”
The history of Cosmos goes back to 2014 when developers Ethan Buchman and Jae Kwon created Tendermint, the consensus algorithm that serves as the backbone of the Cosmos network. In 2016, Buchman and Kwon published the Cosmos whitepaper. That same year, the first token sale for ATOM occurred.
A Swiss non-profit organization called The Interchain Foundation (ICF) helped launch and develop Cosmos, which founders have referred to as “the internet of blockchains.” In 2017, the organization hosted an initial coin offering (ICO) for the ATOM token, raising more than $17 million. Tendermint Inc. raised $9 million in 2019 to continue developing the project.
The co-founders of Tendermint — the gateway to the Cosmos ecosystem — were Jae Kwon, Zarko Milosevic and Ethan Buchman. Although Kwon is still listed as the principal architect, he stepped down as CEO in 2020. He maintains he is still a part of the project but mainly focuses on other initiatives. He has now been replaced as Tendermint’s CEO by Peng Zhong, and the whole board of directors was given quite a substantial refresh. Their goals include enhancing the experience for developers, creating an enthusiastic community for Cosmos and building educational resources so greater numbers of people are aware of what this network is capable of.
Resources: You can find their resources below:
– Cosmos SDK
– Apps and Services
Liminal is an enterprise-grade platform that offers a robust infrastructure for securing digital assets. Liminal enables crypto-native companies to securely scale their digital asset operations through automated, plug-and-play wallet infrastructure.
Our security-first approach allows projects to define customized policies and assign roles to users based on their responsibilities. Liminal’s zero key leakage tolerance approach helps companies eliminate the risks associated with digital asset transfers, such as cyber-attacks, internal collusion, and human error.
Interested in keeping up-to-date with the latest protocol launches, new features, and industry news here at Liminal?
Learn more about Liminal here.
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Original Content Published On Medium