Building an Internet of Blockchains

Purpose
Cosmos is a project with an extremely ambitious mission: Their goal is to create a network of distributed ledgers that will solve long-standing problems in the cryptocurrency and blockchain communities.

Cosmos Hub
The first blockchain technology in the Cosmos network is the Cosmos hub. The Cosmos hub connects to zones via the novel IBC (inter-blockchain communication) protocol and keeps a record of the total number of tokens in each zone much like a ledger. Because all inter-zone token transfers go through the Cosmos hub, you can transfer tokens from one zone to another, quickly and securely, without the need for a liquid exchange or a trusted third party between zones, an amazing feat to say the least seems like a step up of BTS decentralized exchange.

Cosmos entity

Cosmos the internet of blockchains is not just a single distributed ledger, and the Cosmos hub isn't a walled garden or the center of its universe — anyone can use this protocol to create their own hub to compete with Cosmos in a free market of blockchains