Cosmos (ATOM)

CryptoCosmos (ATOM)

Cosmos has a price of $ 7.62 with a marketcap of $ 2.23 B. It ranks number 28 of all cryptocurrencies.

Cosmos bills itself as a project that solves some of the “biggest problems” facing the blockchain industry. It aims to offer an antidote to “slow, unscalable, expensive and environmentally harmful” proof-of-work (PoW) protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps (dApps). Last but not least, an Interblockchain Communication protocol makes it much easier for blockchain networks to communicate with each other.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, the white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake (PoS) algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

cosmosCosmos Hub
$ 7.624.37%

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