1.53%

Market Change

$2 243 849 580 664.90

Total Market Cap

$365 508 519 293.52

Total Volume

15008

Cryptocurrencies

61 GWEI

63 GWEI

65 GWEI

Ethereum gas price

52.40%

BTC Dominance


Cosmos (ATOM)
Cosmos

ATOM -2.81%

24h Change

$5 643 094 905.21

Market Cap

$1 594 159 538.13

24h Volume

$26.29

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:06.000Z

Decimal places: 6

Algorithm: N/A

Prooftype: PoS

Country origin:

Genesis date:

Liquidity score: 71.883

Publi interest score: 0.018

Community score: 39.094

Developer score: 64.02

Coingecko score: 54.772

Market cap rank: 23

Coingecko rank: 31

Alexa rank: 86006

Bing matches: 0

Cosmos (ATOM)

The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB).

Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub.

The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well.

By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary. While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom.

Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance. As a spam prevention mechanism, Atoms are used to pay fees.

The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”.

Fee distribution is done in-protocol and a protocol specification is described here. As staking tokens, Atoms can be “bonded” in order to earn block rewards.

The economic security of the Cosmos Hub is a function of the amount of Atoms staked.

The more Atoms that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network.

Thus, the more Atoms there are bonded, the greater the economic security of the network. Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.

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