Cosmos Hub
$1.50
0.0%(24h)30d
Today
0.0%
30 Days
0.9%
Price Change (24h)
$0.000141
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0.0%
30 Days
0.9%
Price Change (24h)
$0.000141
ATOM
15.00
Cosmos describes itself as tackling some of blockchain industry's most difficult challenges. The project aims to counter slow, expensive, unscalable, and environmentally damaging proof-of-work protocols (such as those Bitcoin employs) through an ecosystem of interconnected blockchains. Additional project objectives center on reducing blockchain technology's complexity for developers via a modular framework that demystifies decentralized apps. Furthermore, an Interblockchain Communication protocol streamlines blockchain network communication, reducing industry fragmentation. Cosmos' story began in 2014 with Tendermint's founding, a network core contributor. A white paper emerged in 2016, followed by a token sale the subsequent year. Proof-of-stake hybrid algorithms generate ATOM tokens, securing the Cosmos Hub—the project's primary blockchain. The cryptocurrency also participates in network governance.
Tendermint's co-founders—the Cosmos ecosystem gateway—are Jae Kwon, Zarko Milosevic, and Ethan Buchman. Though Kwon remains listed as principal architect, he resigned as CEO in 2020, focusing on alternative initiatives while maintaining limited involvement. Peng Zhong now leads Tendermint as CEO, with comprehensive board restructuring. Their priorities include improving developer experience, cultivating an enthusiastic Cosmos community, and generating educational materials to increase awareness of the network's possibilities.
Cosmos comprises three layers: the application layer, networking layer, and consensus layer. The application layer processes transactions and refreshes network state, the networking layer permits transaction and blockchain communication, and the consensus layer helps nodes establish agreement on system status. Cosmos leverages open-source tools joining these layers and enabling dApp development.
Blockchain network fragmentation concerns many in crypto, with hundreds existing but few communicating. Cosmos reverses this paradigm, enabling interaction. Marketed as Blockchain 3.0, Cosmos prioritizes straightforward infrastructure use. The Cosmos software development kit concentrates on modularity, permitting easy network construction from existing code sections. Long-term, straightforward complex application construction is anticipated. Scalability ranks equally high, permitting substantially elevated transaction processing versus outdated blockchains like Bitcoin and Ethereum. Mainstream blockchain adoption requires meeting demand from existing payment processing companies and websites—or surpassing them.
ATOM maintains precise total supply: 260,906,513 coins, with approximately 203,121,910 in circulation. Unlike mined cryptocurrencies, ATOM tokens come from staking. Two private sales occurred in January 2017, succeeded by April's public sale, collectively raising $16 million (approximately $0.10 per ATOM). Token distribution: ~80% allocated to investors; 20% divided between All In Bits and the Interchain Foundation. Cosmos compares ATOM tokens to Bitcoin-mining ASICs. As a Tendermint technical document states: It represents virtualized hardware (economic capital) needed to operate as a network keeper.
Cosmos employs proof-of-stake consensus. Validator nodes staking greater ATOM quantities face increased transaction verification and reward earning odds. Dishonest nodes incur penalties, potentially losing staked tokens.
ATOM is widely available across major exchanges—numerous buyers select Binance, Coinbase, and OKEx. Abundant trading pairs exist with fiat currencies, with additional information about dollar and euro-to-crypto conversion.
Exchange data unavailable.
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