Cosmos: Great Blockchain, Mediocre Investment

SummaryCosmos is dubbed the "internet of blockchains" and has shown convincing potential.With proposal 72, the ecosystem could take a massive leap forward.However, the inflationary nature of the ATOM token makes it less attractive as an investment.OverviewATOM (ATOM-USD) is the native coin of the Cosmos Network. Cosmos is a decentralized network of independent parallel blockchains developed by The Interchain Foundation, a Swiss non-profit. Cosmos allows interoperability between blockchains; normally, blockchain networks are siloed ecosystems that have no openness to communicate with each other. Just like on the Internet where different apps and protocols communicate with each other, Cosmos is building an Internet of Blockchains. ATOM powers transactions in the Cosmos ecosystem.Cosmos TechnologyCosmos achieves interoperability between blockchains using a set of tools and consensus. Cosmos is a dual-layer blockchain. On the first layer, the networking and consensus are packaged into a generic engine; this allows developers to focus on application development rather than the complexities of the underlying protocol. Cosmos uses the Tendermint BFT for this first layer; BFT stands for Byzantine Fault Tolerance. Tendermint BFT is responsible for transmitting transaction and consensus-related messages on Cosmos.The second layer, known as the application layer, allows developers to create their own blockchains using the Cosmos SDK. The...