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coin summary Cosmos Hub (atom)


- The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine faulttolerant 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 ProofofStake algorithms, instead of ProofofWork.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 multiasset distributed ledger, there is a special native token called the atom.
- Atoms have three use cases: as a spamprevention 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 inprotocol 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..

Summary of the coin Cosmos Hub

Summary of the coin Cosmos Hub


market value (Market Capital) Ranked 36

Current Price: 8.29 $USD (-0.62%)
highest price statistics: 44.45 $USD
circulated (Circulated): 390,688,369.81 coin
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Cosmos Hub


THB <-> ATOMTHB <-> ATOMATOM<->USDT ATOM<->BTC

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at news date
1 Cosmos developers propose reducing ATOM inflation rate 2024-01-09
2 Cosmos Hub greenlights ATOM inflation cut for security boost 2023-11-26
3 Bitcoin price reclaims 35K Will ATOM UNI NEAR and AXS rally next 2023-11-06
4 ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch 2023-03-11
5 Are Cosmos ecosystem growth and roadmap enough to sustain ATOMs current 50 monthly rally 2023-02-03

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