First Steps for All Users
Last updated
Last updated
The information shared in this documentation is not financial advice.
Cryptos are risky assets. As a general guideline, you should never buy more crypto than what you are willing to lose.
Cosmos Millions is an open-source DeFi protocol that offers a prize-linked savings account (PLSA). Technically speaking, it is a decentralized application built on the Lum Network, a layer-1 blockchain in the Cosmos Ecosystem. It uses one of the latest version of IBC (IBCv5.0.1), of the Cosmos-SDK (v.0.46.7), and is part of the first zones to use ICA (Interchain Accounts) and ICQ (Interchain Queries).
Cosmos is called the "Internet of Blockchains" or "Interchain", a contraction of "Internet" and "Blockchain". It lets different sovereign blockchains connect and communicate with each other in a decentralized way.
Good reads on Cosmos: