Exchange Cosmos (ATOM)
If you're looking to swap Cosmos, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Cosmos or some fresh information about ATOM’s price movements. And, of course, we provide you with the multiple Cosmos exchange options so that you can choose the offer with the best rates and lowest Cosmos fees, as well as other parameters that suit you.
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Cosmos Price Chart
Here you can see the current price of Cosmos, as well as Cosmos price history.
What is Cosmos?
Cosmos is a network of blockchains, interconnected apps, and services designed to scale and interoperate with each other. The team aspires to create an Internet of Blockchains, the global network of blockchains that will be able to communicate with each other in a decentralized way. It describes itself as a Blockchain 3.0, and thus works on making the infrastructure straightforward to use. Cosmos is also focused on scalability and allows to process more transactions in a second than most other blockchains.
The apps and services of the Cosmos blockchain are connected with the IBC (Inter Blockchain Communication Protocol). It allows for the fast and easy exchange of assets across the networks, by allowing the network to control an account on a separate chain. Currently, many projects are using IBC, including Terra, Crypto.org chain, and Gravity bridge. The volume of the digital assets under the management of Cosmos has surpassed $15 billion.
Cosmos is a Layer-0 blockchain, meaning it creates the foundation for the Layer-1 networks. For example, Binance Chain is built over the Cosmos chain. The dApps are also not implemented directly on Cosmos but on the networks built over it.
The appliance of a modular framework makes the usage of the tools easier for developers and helps them to create the dApps in a more clear way. The Cosmos SDK is a toolkit for developers to build using the Tendermint consensus mechanism.
The founding of the core network contributor Tendermint can be considered as the beginning of the project, though the Whitepaper was only published in 2016 and the token sale started one year later — in 2017. First, the private token sale was held in January, and then the public sale in April. All together it helped to raise over $17 million.
The Cosmos network was founded by developers Jae Kwon and Ethan Buchman with the help of the Interchain Foundation, a Swiss non-profit organization that funds open-source blockchain projects.
Tendermint BFT engine is an essential part of the architecture that allows developers to build new blockchains without the need to code them from scratch. It is an algorithm used by the network of computers to secure the network, validate the transactions and commit blocks to the blockchain. Tendermint Core is a mechanism that keeps the distributed network of computers in sync.
Cosmos consists of two types of blockchains: zones and hubs. Cosmos Hub was the first blockchain to be launched in the ecosystem and serves as an economic center for the ecosystem, providing vital services for the interchain. It is powered by the ATOM coin and governed by its holders. Cosmos Hub also plays the role of the marketplace, where the users can swap assets across the Interchain with very low fees and instant transaction confirmation. Additionally, the Hub grants security, allows users to hold digital assets and manage accounts across many chains.
Cosmos applies a hybrid Proof-of-Stake consensus algorithm. The blockchain consists of three layers: application — which processes the transactions and updates the state of the network; networking — which allows communication between transactions and blockchains; and consensus — which helps nodes to agree on the current state of the system. The layers are tied together with the help of a set of open-source tools.
ATOM is a native token of the project that can be staked to earn rewards and also used for governance when staked. The participants can delegate their tokens to validators, thus allocating their voting power for receiving a part of the staking reward. The users can easily change the validator they delegate their assets to.
ATOM has a very specific total supply of 260,906,513 tokens. About 80% of the tokens were allocated to the investors and 20% were split between 2 companies: All in Bits and the Interchain Foundation.
The ATOM tokens can be purchased on numerous centralized and decentralized exchanges, including Binance, Coinbase, and OKEx. It can be swapped with fiat and cryptocurrencies.
A Simple Way To Exchange Cosmos Here At SwapSpace
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