Cosmos Hub
ATOMSummary · 1dWait— no screen sets a side here — the Score describes the state and never picks one, so only the levels to watch.
Score −53 · closed bar
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Overview
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About Cosmos Hub
Cosmos Hub (ATOM) is ranked #82 by market capitalisation, at $815.9M. Circulating supply: 537.84M ATOM. The price is 96.5% below its all-time high of $43.84, set on September 19, 2021. Categories: Smart Contract Platform, BNB Chain Ecosystem, Cosmos Ecosystem, Terra Ecosystem.
The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint. Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture uses classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.
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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.
ATOM have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance. As a spam prevention mechanism, ATOM 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.
Project description: CoinGecko (in English).