Price
$12.92
BTC
Ƀ 0.00066438
1H % ROI 0.95%
24H % ROI -0.69%
7D % ROI -11.20%
Volume 24h $164,728,263.23
Offer available 248,453,201 ATOM
Total supply 0 ATOM
Rank 25
Capitalization $3,210,900,559.86

COSMOS: A BRIEF SUMMARY

Cosmos (ATOM) wants to solve the problems of costly transaction fees, poor scalability and relatively low transaction capacity on blockchains using proof-of-work by building an ecosystem of interconnected blockchains. Cosmos also wants to simplify the blockchain for developers through a modular framework that demystifies dApps. Cosmos’ white paper was published in 2016, and a sale of tokens was held the following year. ATOM tokens function using a hybrid proof-of-stake mechanism; they help to secure the Cosmos Hub and are also the network’s governance token. Cosmos was co-founded by Jae Kwom, Zarko Milosevic and Ethan Buchman.

Cosmos: Graphic

WHAT IS COSMOS (ATOM)?