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What is Cosmos Hub (ATOM)?
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.
To learn more about Cosmos Hub (ATOM), you may:
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Where can you buy Cosmos Hub?
ATOM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Cosmos Hub is Gate.io, where the most active trading pair ATOM/USDT has a trading volume of $5,505,244.43 in the last 24 hours. Other popular options include LBank and DigiFinex.
What is the daily trading volume of Cosmos Hub (ATOM)?
The trading volume of Cosmos Hub (ATOM) is $280,007,272.35 in the last 24 hours, representing a -27.30% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Cosmos Hub (ATOM)?
The highest price paid for Cosmos Hub (ATOM) is BTC0.001654, which was recorded on Jan 17, 2022 (over 2 years). Comparatively, the current price is -80.00% lower than the all-time high price.
What is the all-time low for Cosmos Hub (ATOM)?
The lowest price paid for Cosmos Hub (ATOM) is BTC0.0001187, which was recorded on Mar 13, 2020 (about 4 years). Comparatively, the current price is 666.10% higher than the all-time low price.
What is the market cap of Cosmos Hub (ATOM)?
Market capitalization of Cosmos Hub (ATOM) is BTC59,105.4374 and is ranked #30 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ATOM tokens (390 Million tokens are tradable on the market today).
What is the fully diluted valuation of Cosmos Hub (ATOM)?
The fully diluted valuation (FDV) of Cosmos Hub (ATOM) is BTC59,141.9979. This is a statistical representation of the maximum market cap, assuming total number of 390 Million ETH tokens are in circulation today.
How does the price performance of Cosmos Hub compare against its peers?
With a price increase of 6.70% in the last 7 days, Cosmos Hub (ATOM) is outperforming the global cryptocurrency market which is down -7.60%, while outperforming when compared to similar Layer 1 (L1) cryptocurrencies which are down -7.80%.
Read More: Cosmos Hub Price: ATOM Live Price Chart, Market Cap & News Today | CoinGecko
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