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Cosmos Hub

Cosmos Hub
1 ATOM =
 $ 13.69
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Market Capitalization:
4.00B $
Circulating supply:
292.59M ATOM
Maximum:
0.00 ATOM
Volume (24h):
199.77M $
Daily range:
13.25 - 13.97
Changes (7d):
+2.67%

Cryptocurrency Cosmos Hub (ATOM)

The price for Cosmos Hub (ATOM) cryptocurrency is currently 13.69 $ (15 min delay), daily range of currency change is 13.25 - 13.97 .
Last 24 hours news: trading volume - 199.77M $, price variance +3% .
The highest trading volume belongs to the pair 0XAC974EE7FC5D083112C809CCB3FCE4A4F385750D/0XB888D8DD1733D72681B30C00EE76BDE93AE7AA93 at the Ferro Protocol exchange

Project Website - http://cosmos.network/
Explorer of transactions - https://www.mintscan.io/cosmos
Twitter Account - https://twitter.com/cosmos

Chart Cosmos Hub (ATOM)

Current price Cosmos Hub (atom) 13.69 $
Market Capitalization 3.39B $
Trading Volume last 24h 209.45M $
Minimum exchange rate (24h) 8.40 $
Maximum exchange rate (24h) 8.71 $
Market cap rank № 35
Absolute maximum 44.45 $
Absolute minimum 1.16 $

Cosmos Hub Quotes

#
Exchange
Pair
Price
Spread
Volume
Last traded
1
8.66 $
8.66$
0% 79.37M $ 2024-05-27 19:46:39
2
8.62 $
8.62$
0.01% 11.31M $ 2024-05-27 19:52:06
3
8.64 $
8.64$
0.01% 11.33M $ 2024-05-27 19:56:01
4
HTX HTX
8.60 $
8.6$
0.09% 9.50M $ 2024-05-27 19:58:34
5
8.59 $
8.59$
0.03% 7.11M $ 2024-05-27 19:57:10

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.

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