As you may have noticed, we are currently offering a unique brand new cryptocurrency. It is called “Cosmos Cryto” and it provides our user with a whole new set of features and functionality that cannot be found elsewhere. We are thrilled to be one of the first cryptocurrency projects to offer such an advanced platform for users.
We would like to introduce you to Cosmos Cryto in this blog post by taking you through the different features the coin offers and how the technology behind it works.
We are writing a blog post about the new cryptocurrency that we have been working on, and what it will do. If you want to know more, please stay tuned.
At the moment, this is just a statement of purpose. As we write this, we don’t yet know whether this new system will even work, much less how to make it work. However, we do know at least two things that are true: firstly, that we want to develop a system for people to exchange value in ways that are not controlled by any central authority; and secondly, that by doing so we want to liberate humanity from the tyranny of money. We don’t yet know where these ideas will lead us, but we hope you’ll be along for the ride.
This blog post is not only intended for readers of Cosmos Cryto; it also serves as a kind of advertisement for what Cosmos Cryto will do when it is up and running. Feel free to look at our site , or even join our Telegram channel if you would like to stay in touch with progress updates.
At the beginning of this month I announced the launch of Cosmos Cryto, a cryptocurrency built on the Ethereum network. The intent of Cosmos Cryto is to provide an easy way for users to transfer assets between each other, without requiring the users to know or trust each other.
The name Cosmos Cryto comes from the four-part mission statement that’s been at the heart of every chapter in my book. The word “cryto” means cryptography, and in particular it refers to a branch of cryptography called public-key cryptography. The idea behind public-key cryptography is that two people can communicate securely by using a set of numbers called a public key and a different set of numbers called a private key. If you have a private key, only you can use it to unlock information that only you have access to. But everyone has your public key because everyone can use it to verify who you are.
When I was a kid, I would walk around the neighborhood with my friends, trying to see what we could see: people’s houses, up close. We’d try to peek in windows and peer under doorways. We’d search for secret passageways and find them—if they were there at all.
Then one day my brother showed me something that changed everything; something where we couldn’t even see it. It was a different way of looking at the world. It was a way of seeing things we couldn’t see, like inside people’s houses or under their doors or around corners. My brother showed me how to do it.
A few months later he died, and I never thought about his gift again until I found out about Crypto-Currencies a few years ago. In that moment I realized that this new technology is exactly the same thing as what he had given me, but it is much better because it works better.
I now write this blog so other people can find out about Crypto-Currencies as well. I think you should read about it too.”
In the past year, cryptocurrency has gone from being something only a few people had heard of to being the hottest topic in technology.
The advent of Bitcoin in 2009 was the first big step forward. Bitcoin is not a currency (yet) but it uses cryptography to create a new kind of value: digital money. It’s not printed like dollars or euros; it’s all recorded on computers, which makes it scarce. And yet it’s easy to transfer from one person to another, anywhere in the world. You can’t counterfeit it or steal it; you can’t get stuck with bad coins or make more than you should have based on market demand.
Cryptocurrencies are still new, but they have already taken over the news and tech blogs. In the past year there has been a flurry of articles about them and more are appearing every day. The most popular ones have been about how they are based on clever mathematics and so are secure, how they are going to revolutionize banking and finance, how they will make money easier for regular people by making Bitcoin currency usable everywhere in the world and how governments might try to stop them or even outlaw them in order to protect their own currencies from competition.
The hype is understandable. Cryptocurrencies are very cool! Money is
The most important thing about cryptocurrencies is not what they do, but what they represent. Cryptocurrencies are basically a way of saying that our society is changing, and that it’s time to get used to the idea of doing things differently.
Cryptocurrencies are a way of saying that we’re no longer willing to accept the old way of doing things. They’re a way of saying we want choice. And because they’re based on math instead of trust, cryptocurrencies could eventually replace trust altogether as the primary means of exchange in our economy.
The implications are staggering. If you think about it, if you want to buy something from me, you probably don’t trust me not to run away with your money or not to forget about you when I’ve got more important things to do. You probably just post an ad on Craigslist and hope someone meets up with me on the street.
But if you wanted to buy something from me without trusting me at all, wouldn’t it be nice if there were a way to do it without trusting me? Couldn’t we use our computers to tell us who we can trust and who we can’t?
Cryptocurrencies are one step toward answering those questions.
In the late 1990s a couple of amateur cryptographers named Adam Back and Wei Dai started developing a new kind of digital currency. This was not the usual kind of digital currency, like Bitcoin. It was designed to be completely anonymous. The whole point was that you could use it without anyone knowing who you were, or where your money came from.
A few years later, a group called Satoshi Nakamoto released the first version of Bitcoin. It was a huge success, because people wanted something like it. But back then nobody knew what Satoshi Nakamoto was.
Then around 2011, the second version of Bitcoin was released. It had been completely overhauled: instead of being completely anonymous, it now operated on public blockchains that are visible to everyone who owns any Bitcoins, and so the number of people who could see your transactions and trace them back to you had been greatly reduced.
But in 2013 things started to go wrong. The first major problem was that the energy consumption needed to keep these new blockchains going had become big enough that they required large amounts of electricity, which was very expensive in some countries and difficult to get in others.