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1inch (1INCH), 1inch (1INCH), Cosmos (ATOM)

Published by Terlumun Aondover on February 11th, 2025.

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Here is an article with a title based on the target words “crypto”, “1inch” and “cosmos”:

“Pettage with decentralized finance: the 1 inch rise and the cosmos on the cryptography market”

In recent years, the cryptocurrency landscape has undergone an important transformation, driven by the progress of blockchain technology and the growing adoption of decentralized financing applications (DEFI). Two notable players have become leaders in this space: 1 inch and cosmos.

1inch: a network of decentralized costs

1inch (1INCH), 1inch (1INCH), Cosmos (ATOM)

One of the most innovative solutions to solve the problem of high transaction costs on traditional blockchains is 1 inch, a network of decentralized costs which aims to make cryptocurrency transactions faster, cheaper and more accessible. Launched by the Ethereum $ inch Ethereum token in 2019, 1inch has already won significant land among the users of DEFI.

The 1inch network operates as an oracle, receiving user requests on various blockchain networks, notably Ethereum, Polygon, Binance Smart Chain, Solana and Polkadot. When a user submits a request to the oracles, it is transported through a series of intelligent contracts which bring together data from several sources and calculate the optimal transaction costs for the asset requested.

By taking advantage of its decentralized architecture, 1inch reduced transaction costs to 99%, which makes it much more viable for users. Consequently, 1inch has become an essential tool for cryptocurrency lovers, merchants and DEFI operators.

Cosmos: an inter-blockchain network

Another pioneering project in space is the cosmos (atom), a decentralized network of independent parallel blockchains which operate independently of each other. Launched in 2017 by the Cosmos Foundation, Cosmos aims to create an ecosystem of an evolving, interoperable and secure blockchain which allows transparent interactions between different channels.

Cosmos has an impressive roadmap, with several major partnerships and improvements already announced, including the development of Tendermint Core, its flagship blockchain software. This allows greater flexibility and personalization among users, as well as improving scalability and performance.

One of the main advantages of the cosmos is its ability to facilitate transparent interactions between different channels, allowing developers to build decentralized applications (DAPP) which take advantage of several blockchains. With Cosmos, users can create DAPPs that cross several blockchain networks, offering unrivaled flexibility and innovation in the DEFI space.

Conclusion

In conclusion, 1inch and Cosmos revolutionized the cryptocurrency market by taking up some of its most urgent challenges. By taking advantage of decentralized architectures and innovative solutions, these projects have enabled increased adoption, cost reduction and increased interoperability between the different blockchain ecosystems.

While the cryptocurrency landscape continues to evolve, it is clear that 1 inch and Cosmos will remain key actors to shape the future of Defi. Their pioneering efforts demonstrate the potential of blockchain technology to transform traditional finances and create new opportunities for users and developers.