Currently, there are more than 5,000 cryptocurrencies registered on the Coinmarketcap website. And although many of them are nothingOther than "shitcoins", some altcoins have ambitious plans and are developing truly innovative solutions. We invite you to familiarize yourself with one of these projects.
The Cosmos project is based on the idea of interconnecting trusted blockchain ecosystems. The network provides the necessary tools for different systems to interact and collaborate with each other.
The project offers Cosmos SDK – generala framework that developers can use to create custom blockchains based on Tendermint. Tendermint Core – is a consensus algorithm and network communication protocol for blockchain, on the basis of which any blockchain network is quickly built.
Differences from other cryptocurrencies
On April 6, 2017, Cosmos held its initialcoin staking and released its ATOM token, which is the proprietary staking coin used by the network. ATOM holders can delegate their coins to validators and receive between 7% and 12% in Cosmos Hub, which uses PoS.
Where to buy ATOM
There are many ways to get ATOM. Buy ATOM on the exchange – the simplest and most common way. Currently, four leading crypto platforms offer coin trading:
- Binance;
- Huobi;
- Kraken;
- Poloniex
In addition, many exchanges allow ATOM to be traded against other cryptocurrencies and against fiat.
Brief overview of ATOM price movement
After the developers published the announcementnetwork update, the ATOM / BTC pair exchange rate suddenly rose 6.01%. The price of the coin underwent several bullish moves even before this large jump, during which the pair added about 17.80%. In general, the price of ATOM since June 27 has increased by 36.34%.
The price of Cosmos (ATOM) today is8.12$, and trade turnover for 24 hours is 940$774$367. Over the past 24 hours, the price has increased by 11.62%. There are currently 238.04 million coins in circulation. The most active exchange on which this cryptocurrency is exchanged is Binance. The asset is currently traded on 144 active market(s), with $796,429,236.418 traded over the last 24 hours.
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