Cosmos Hub to Participate in LF Decentralized Trust Workshop in New York City on October 23rd
Cosmos Hub will participate in the LF Decentralized Trust Workshop in New York City on October 23rd. CCO Eran Barak will moderate a panel on standards connecting payment networks and digital assets.Refer to the official tweet by ATOM:This Friday, Cosmos CCO will moderate the Payments and Standards panel at the LF Decentralized Trust workshop in New York City.He'll be joined by industry experts from Mastercard, Circle, and OpenAssets to discuss the role of standards in connecting payment networks… ATOM InfoCosmos is a decentralized platform designed to facilitate interoperability between blockchains. The core of this ecosystem is the Cosmos Hub, serving as the central registry for multiple specialized blockchains termed as “Zones”.Zones, tailored by developers for specific needs, are developed using the Cosmos SDK. This software development kit streamlines blockchain creation within the Cosmos environment. Its default consensus system, Tendermint Core, offers a validator-centric consensus mechanism consistent across multiple Cosmos blockchains. However, the criterion for validator selection varies by each Zone.ATOM is the primary token of the Cosmos ecosystem. For the Cosmos Hub, validators are chosen from the top ATOM stakers, and their influence is directly proportional to their staked amount. This token not only determines voting power in the consensus process but also is utilized to pay for transaction fees and engage in governance decisions. Validators, vital for network consensus, are incentivized to actively participate in proposal reviews, else they might be subjected to penalties.