Bitcoin and blockchain technology was one of the most innovative technology for finance in the last decade. So the first digital currency comes to life with blockchain as the technology behind this, which is a ledger exists in a peer-to-peer network of computers.
A quick description of this new concept of blockchain is the following, is an immutable recording system of information like an accounting ledger and this exists on a distributed network of computers around the world.
As result, the records are impossible to alter or modify by virtually anyone, at the same time making this information accessible in public but keep some details about the records hidden using public-key cryptography.
The most often use case of blockchain was the digital currencies, now there over 100 currencies that use blockchains. So these types of currencies are applications that running on blockchain under certain conditions and rules that were defined initially.
Later the need for just recording information data is not enough so is coming, so comes ethereum that extends the ability of blockchains to record information to create apps on this technology. So this opened new opportunities to make applications other than currencies that are called smart contracts.
The next step seems to be connected to all the private and public domains under certain rules. The connection the blockchain between them on exchanging data, tokens, assets brings into play the cosmos using the Inter-Blockchain protocol (IBP).
We can help you to become an innovator of blockchain technology, just bring the idea and we handle the DApp Development. Despite the fact of currency, the use of crypto it is seems to be more an investment vehicle for the time being.
What is Cosmos.network
Is a decentralized network that you can deploy a blockchain that can be connected with other chains like currencies or smart contracts cosmos.network . The Cosmos Hub is called the set of interconnected chains follows the BTF consensus protocol.
The integrity of this distributed ledger is maintained by the validators, that are independent computer nodes or clusters owned by companies or people. These are responsible for committing new blocks in the in blockchain and as a reward, they earn revenue from transaction fees, block rewards.
The main Token of Cosmos hub is Atom and currently is trading is some exchanges like Coinbase. A strange characteristic compare to other currencies is that the tokens can be lent to validators of the network, these are called delegators so they can earn more Atoms.
What is Agoric
Electronic Rights Transfer Protocol where you can create digital assets and transfer them under certain conditions. There are two types of assets, the first one is fungible assets where all the items have exactly the same properties.
The second one is the non-fungible assets where items belong on these sets may have different characteristics on some properties like a partial-ordered set.
Zoe Mechanism provides a secure and safe way to transfer digital assets and crypto tokens aka money. In one line someone could say that is an auction mechanism for matching buyer (that making offers) to the seller and that mechanism holds all assets in escrow until there is a match or all assets return back.
The selling point on Zoe is the type-safety property, which means there are in place mechanism that protects the transfer of digital assets and tokens through from failures on systems that could freeze them on chains.
An example is a Call Option, is a financial contract between two parties that the buyer has the option to buy an underline asset at a defined price on a future date regardless of the spot price of this asset that future date. This is a call option because if the buyer has an option not to exercise the contract.