Cosmos
Financial indicators ATOM
- Rank: 33
- Market Cap: 3329310000 $
- 24 Hour Volume: 165177000 $
- Total Supply: 390931000
- Circulating Supply: 390931000 (100%)
What is Cosmos?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.
Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.
- https://cosmos.network
- https://github.com/cosmos
- https://twitter.com/cosmos
- https://reddit.com/r/cosmosnetwork
- https://coinmarketcap.com/currencies/cosmos/