Cosmos current price is $5.250.

  • cosmos
    Cosmos (ATOM)
  • Live Price
    $5.250
  • 24h %
    -0.50%
  • Market Cap
    $1.26 B
  • Volume
    $152.18 M
  • Available Supply
    238.53 M ATOM
  • Rank
    23

Cosmos current price is $5.250 with a marketcap of $1.26 B. Its price is -0.50% down in last 24 hours.
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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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Cosmos Twitter News Feed

🎖️4th ICF Update🎖️

🔬Focus
• @cosmos org on #GitHub is now maintained by 18 Teams
• #HackAtomV
• Cosmos-SDK #IBC improved via @CosmWasm by @ChorusOne
• #Stargate-4
• #BigBang-Phase 1
• @cosmossdk Release Candidate
• Bug Bounty Rewards x2

📝https://blog.cosmos.network/icf-update-oct-20th-d316491d0996

⚙️ The goal of simulations is to detect failures that could halt a chain and provide as much detail as possible, such as log files and the application state at which a failure occurred.
Read why and how we are testing Stargate with software simulations 👉https://blog.cosmos.network/why-do-we-test-cosmos-stargate-with-software-simulations-483290fa1bf

📞Today, the Future of the Cosmos Hub call!

⏰ #6: Oct 21 at 11AM PDT

Topic: ✍️#ATOM2021 initiative and @unifidao

⭐️Special guest: @zmanian

🎥 Livestream link to join: https://www.youtube.com/watch?v=acidXdGQO84

Catch up with the discussion and proposal here 👉https://github.com/cosmosdevs/atom2021

🔭 Starport v0.12 is here!

With Starport v0.12, developers can now create tokens on one chain and transfer those tokens to any other IBC-enabled blockchain. The vision of @Cosmos — the internet of blockchains — has finally arrived! 🚀

Try it out now 👉 https://medium.com/tendermint/launch-a-new-token-and-send-it-across-the-cosmos-starport-v0-12-is-here-d1578012ba09

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