Cosmos (ATOM) Cosmos is one of the major projects going live | Crypto Great | Bitcoin | DeFi

Cosmos (ATOM)

Cosmos is one of the major projects going live this year. In an upcoming event called Stargate,the network will flip the switch on what we call the internet of blockchains – and allow disparate blockchains to communicate and transact with one another.

Before that happens, Cosmos needs to upgrade to the inter-blockchain communication (IBC) protocol. It serves as a translator between different blockchains like bitcoin to Cosmos or Ethereum to Cosmos. Through the IBC, networks can communicate using a similar language.

Voting on the IBC upgrade will end January 28. So far, 100% of the submitted votes are in agreement, so we expect it to be implemented soon. Stargate will enable transactions to take place from one blockchain to another. This means the ATOM token will accrue the value from this event, and by taking a stake early, we’ll be ready to benefit when it does.