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cosmos Cosmos Hub (ATOM)

4.99% (24H)
Market CapVolumeAvailable Supply
$2.97 B $160.28 M292.59 M ATOM

Cosmos Hub current price is $10.16 with a marketcap of $2.97 B. Its price is 4.99% up in last 24 hours.

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... Read More

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