The live price of Cosmos is - per (ATOM / USD) with a current market cap of $1.87B USD. 24-hour trading volume is - USD. ATOM to USD price is updated in real-time. Cosmos is -% in the last 24 hours with a circulating supply of 390.93M.
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| Today | - | 0% |
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The Cosmos network consists of many independent parallel blockchains (called zones), each powered by a classic Byzantine Fault Tolerant (BFT) consensus protocol like Tendermint (already used by platforms like ErisDB). Some zones act as hubs relative to others, allowing many zones to interoperate through a shared hub. The architecture is a more generalized application of the Bitcoin sidechain concept, using classic BFT and proof-of-stake algorithms instead of proof-of-work. Cosmos can interoperate with a wide variety of other applications and cryptocurrencies, which is not possible with other blockchains. By creating a new zone, you can plug any blockchain system into a Cosmos hub and pass tokens back and forth between zones without the need for intermediaries.
The Cosmos project was started in 2014 by Ethan Buchman and Jae Kwon, focusing on solutions for interoperable blockchains. The needs of each project, user, and entity are different, so there is value in making custom networks that can interact. Each new blockchain added to the Cosmos ecosystem is called a zone. Each zone can interact with another zone through the Cosmos Hub, a proof-of-stake relay blockchain that allows for the sharing of data and assets.
ATOM is the native token of the Cosmos Hub and has three main uses. First, users pay transaction fees through Atoms using a gas fee-based system. ATOM supports your participation in governance and can be used in the consensus mechanism of the network. The token is inflationary, and the total amount minted is based on the total number of ATOMs staked.
The Cosmos SDK is a development toolkit that has been widely used throughout the blockchain industry for its default consensus protocol, Tendermint Core. These tools greatly speed up the process of creating new blockchains.
Cosmos is a large blockchain that is popular for creating interoperable blockchains using its Cosmos SDK development tool.
Cosmos has a set of open source development tools, the Cosmos SDK, that developers can use to create new blockchains. Many other large and popular networks have used it as a development foundation. Tendermint Core is the default consensus mechanism for the Cosmos SDK, but it can be modified for specific uses.
ATOM is the native token of Cosmos and has three main use cases:
1. Pay transaction fees and gas fees based on the computing power required for the operation.
2. Participate in the governance system of the Cosmos Hub. The more ATOM a user holds, the more votes he/she gets when voting on proposals.
3. Delegate a validator in the Tendermint consensus mechanism or become a validator through staking.
The Cosmos to other currencies exchange rate?
