Cosmos Hub atom

-2.86 % $ 12.69
$12.69 24H Range $13.13
Market Data
Price $ 12.69
Volume $ 189,905,076.00
Volume / Market Cap 0.0511
Circulating Supply 292,586,163.83
Market Cap $ 3,713,723,968.00
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.
Cosmos Hub (atom) Price Chart
0.31 %
2,485.51 ATOM

Cosmos Hub
$ 12.7549
BTC 0.0006607135

Cosmos Hub
$ 12.795000
BTC 0.0006627902
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News about Cosmos Hub
Cosmos to roll out native USDC through Interchain- ATOMic details inside • 8 hours ago
Why CHZ, RVN, LDO, XLM And ATOM Are Dropping Like Flies • a day ago
Second Largest Stablecoin by Market Cap Expands to Cosmos (ATOM), Polkadot (DOT) and These Three ETH Rivals • 2 days ago
ATOM struggles as Cosmoverse showcases the strength of Cosmos ecosystem • 3 days ago
Groundbreaking Staking Yield Indices for $ADA, $SOL, $DOT, $AVAX, and $ATOM • 3 days ago
Reasons why Cosmos’ ‘universal’ plans may be obstructed by ATOM • 3 days ago