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Cosmos: Will ATOM see upside after this significant ecosystem upgrade

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Dubbed ‘The Internet of Blockchains,’ the Cosmos Network houses several independent interconnected blockchains. Built using developer-friendly application components, the Cosmos Network, unlike other blockchains, allows its developers to create entirely autonomous application-specific blockchains that can easily interconnect.On 28 June, Cosmos Network, in a publication made by a group of Cosmos contributors, informed the users about the launch of an ‘interchain security.’ According to the document, the update will be launched on the Cosmos Hub by August or September 2022.

It will “emerge as the premier method for projects to get the highest level of security in Cosmos by leveraging the entire 175+ Cosmos Hub validator set.”Ranked #29 on CoinMarketCap’s ranking of cryptocurrencies, this feature might be necessary to revive investors’ interest in the network’s ailing coin, ATOM.

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