Cosmos (ATOM) - a project that solves some of the toughest problems, facing the blockchain industry. It aims to offer a solution from slow, expensive and non-scalable protocols like those used by Bitcoin. Contents:
About the Cosmos project (ATOM)
The goals of the project include reducing the complexity of blockchain technology for developers through a modular structure. The origins of Cosmos can be dated back to 2014, when Tendermint, the core member of the network, was founded. In 2016, a White Paper for Cosmos was published, followed by a token sale the following year. ATOM tokens are earned, using a hybrid proof-of-stake algorithm, and they help to secure Cosmos Hub, the project's flagship blockchain. This cryptocurrency also plays a role in the governance of the network.
Project specifics
The main focus of some in the crypto industry - on the levels of fragmentation, seen in blockchain networks. There are hundreds, but very few of them can exchange data. The cosmos seeks to turn this on its head by making it possible.
Project advantages:
| Ease of use | Cosmos is described as "Blockchain 3.0", the big goal - to make its infrastructure easy to use. |
| Modularity | The Cosmos software development team focuses on modularity. This makes it easy to build a network, using pre-existing code snippets. |
In the long term, the hope is that complex applications will be easy to build as a result. Scalability is another priority, which means that significantly more transactions can be processed per second than in Bitcoin and Ethereum. If blockchains ever reach mainstream adoption, they will need to be able to keep up with demand as well as existing payment processing companies or websites, or become a better version of the competition.
Buying tokens
ATOM has a very specific total offer of 260 million. Of these, about 203 million were in circulation. It is worth noting that these cryptocurrencies are not mined. Instead, they are earned by placing a bet. The split of the tokens is as follows - about 80% was allocated to investors, while the remaining 20% was divided between two companies:
- All In Bits;
- Interchain Foundation.
It is available on a number of major exchanges - many people choose to buy Cosmos on Binance, Coinbase and OKEx.