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Explained: What is Cosmos and why is it called the internet of blockchains?
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cnbctv18.comAtom, the cryptocurrency token based on the Cosmos blockchain, has surged over 8 percent in the past 24 hours to trade at $27. The coin has a market capitalisation of $5.72 billion and has risen over 20 percent in the past week.
Since the Cosmos network can only grow, experts believe that Atom could become more valuable in the future. In 2021 alone, its price has jumped over 295 percent to over $25 from $6.4.But what is Cosmos and why are analysts bullish on it? Let’s find out.What is Cosmos?Cosmos sets itself apart from the rest of the crypto blockchains by focusing on two key aspects – interoperability and customisation (more on these terms later).Cosmos' end goal is to create an optimised ecosystem that is a decentralised 'network of
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