the tender mint, the Start-up behind the Blockchain-the Hub of Cosmos, was able to collect in a Series A round of financing of approximately nine million US dollars in investment funds. The donors, including the crypto-Fund Paradigm, hope Cosmos is a possible solution to the problems of scalability and interoperability of the Blockchain.
Polina Khubbeeva
18. March 2019BTC$3.997,74 -0.45%part Facebook Twitter LinkedIn xing mail
The consensus algorithm, and Peer-to-Peer network (P2P) Protocol tender mint in a Series A round of financing investments in the amount of nine million US dollars (eight million euros). The round took place under the direction of the crypto-Investment-Company Paradigm, Bain Capital and 1confirmation were also involved, such as from a blog post from 14. March 2019.
investors hope to scalability and interoperability
As the consensus algorithm and Blockchain-Hub to put the investors in great hopes in the Cosmos. Cosmos was established in April of 2017, from a $ 17 million comprehensive ICO. The Blockchain-Hub is to act mainly consolidating the young Blockchain Ecosystem. So Cosmos should maintain the decentralized nature of the Blockchain, while at the same time offers increased scalability and ease of use.
Jae-Kwon, CEO of tender mint, and also of Cosmos, involved:
The Blockchain technology is an incredible Innovation that, unfortunately, was accompanied by a series of barriers, among them the difficulty of scalability, lack of Usability and a Myriad of Governance, as well as problems in terms of environmental impact. The Vision of Cosmos is to overcome these limitations, the obstacles in the way of Innovation final tear down and to create an Internet of blockchains. A decentralized network of independent, scalable, and interoperable Blockchains.
evolution of the Cosmos network
A part of the million dollars is the evolution of the Cosmos network and its Ecosystem provided. The medium-term objective the establishment of a sustainable Business model, according to Kwon. Among the projects from tender mint/Cosmos, the “National Thai ID”-project is located, for example. This will enable Thailand’s 70 million inhabitants, of their citizenship in the Blockchain to enroll.
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