Loading Data Please wait, we are loading chart data
No Graphical Data
More Info About Coin
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.
Markets / Exchanges
**You can show markets data only by installing “Cryptocurrency Exchanges List Pro” WordPress plugin with “Coin Market Cap & Price” plugin.
On Wednesday, @dYdX shared the news that they have selected @CosmosSDK and @Tendermint_Core to build a sovereign blockchain and become part of the #IBCGang family: https://dydx.exchange/blog/dydx-chain
Cosmonauts, we're welcoming @ThatKevinSmith to the ecosystem w/a Cosmos community Q&A on @interchainfm. Indie filmmakers & Hollywood alike are realizing IBC ecosystem's potential to home their movie NFTs.
🗓 June 23rd, starting @ 6pm UTC
Watch it live 📹https://youtu.be/PZHn5HnFN6M
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.