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Learn more about Cosmos
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Cosmos (ATOM) price has increased today.
Cosmos (ATOM) is priced at $8.37 today, with a 24-hour trading volume of $383,029,523.39. It is reflecting a 7.97% increase over the last 24 hours and a 1.65% decline over the past 7 days. With a circulating supply of 391 Million ATOM, Cosmos’s current market cap is at $3,272,876,240.22.
Discovering Cosmos (ATOM)
Cosmos aims to fix scalability problems in the blockchain world. It wants to be faster, cheaper, and better for the environment than systems like Bitcoin’s.
Cosmos also wants to make blockchain easier for developers. It offers a simple setup to create decentralized apps. Plus, it lets different blockchains talk to each other, keeping the industry united.
Cosmos started in 2014 with Tendermint. In 2016, they shared their main ideas in a white paper. They sold ATOM tokens in 2017, which helped protect the main Cosmos blockchain and let users have a say in its decisions.
The Founders
Jae Kwon, Zarko Milosevic, and Ethan Buchman started Tendermint, part of the Cosmos world. Kwon was the main designer but left his CEO job in 2020.
He still works on the project but also does other things. Peng Zhong is now the CEO and the leadership team has greatly changed.
They want to help developers, grow the Cosmos community, and teach people about the network.
Inner Workings of Cosmos
The Cosmos network consists of three layers:
- The application layer
- Networking layer
- Consensus layer.
The application layer handles transactions and updates the network’s state, while the networking layer facilitates communication between transactions and blockchains. The consensus layer enables nodes to agree on the system’s current state.
By utilizing an array of open-source tools, Cosmos seamlessly connects these layers and empowers developers to build decentralized applications (dApps).
Unique Aspects
A big problem in the crypto world is that many blockchain networks can’t talk to each other. Cosmos wants to change that.
People often call Cosmos “Blockchain 3.0.” It’s easy to use. With the Cosmos toolkit, building networks becomes simpler because you can reuse pieces of code. This makes making apps easier.
Cosmos also wants to work faster than older networks like Bitcoin and Ethereum. To become popular, it needs to handle as many or more transactions as big payment systems or websites.
Circulation of Cosmos (ATOM) Coins
Currently, about 367,369,654 ATOM tokens are out there. People don’t mine ATOM; they get them by staking.
Cosmos says ATOM tokens are like the tools used for Bitcoin mining. The Tendermint team wrote that ATOM tokens are like virtual tools you need to be a part of the network.
Securing the Cosmos Network
Cosmos uses a system where the more ATOM tokens you lock in, the better chance you have to check transactions and get rewards. If a node cheats, it can lose its locked-in tokens.
Where to Purchase Cosmos (ATOM)
Cosmos (ATOM) is now available on several major exchanges, with popular choices including:
Most Used
More details
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Expensive and complex fee structure for beginners
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Slow customer support.
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing Cosmos.
Cosmos wants to solve scalability issues in the blockchain, aiming to be quicker, cheaper, and more eco-friendly than systems like Bitcoin. It also wants to simplify blockchain development and allow different blockchains to communicate with each other.
Jae Kwon, Zarko Milosevic, and Ethan Buchman started Cosmos with Tendermint. Jae Kwon, the main designer, left his CEO position in 2020 but still contributes. Now, Peng Zhong is the CEO.
Cosmos network has three layers: the application layer manages transactions and updates, the networking layer handles communication between transactions and blockchains, and the consensus layer helps nodes agree on the network's current state.
ATOM coins, totaling about 367,369,654 in circulation, are not mined but obtained through staking. They act like virtual tools, essential for participating in the network and helping to check transactions and gain rewards, based on the amount of ATOM locked in.
You can buy Cosmos (ATOM) on several major exchanges like Binance, Coinbase, and OKX.
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