Cosmos Hub current market price is $8.42 with a 24 hour trading volume of $107.02M. The total available supply of Cosmos Hub is 390.69M ATOM with a maximum supply of (Not Available) ATOM. It has secured Rank 34 in the cryptocurrency market with a marketcap of $3.29B. The ATOM price is 2.92% up in the last 24 hours.
The lowest price of the Cosmos Hub is $8.14 & the highest price is $8.52 in the last 24 hours. Live Cosmos Hub prices from all markets and ATOM coin market Capitalization. Stay up to date with the latest Cosmos Hub price movements. Check our coin stats data and see when there is an opportunity to buy or sell Cosmos Hub at best price in the market.
#34
$8.42
$0.24 2.92%
$8.14 / $8.52
$3.29B 2.76%
$107.02M
390.69M ATOM
(Not Available) ATOM
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2.92%
-3.02%
-0.67%
-30.51%
-25.75%
-26.83%
Compare live prices of Cosmos Hub on top exchanges.
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.
https://www.mintscan.io/cosmos
https://www.reddit.com/r/cosmosnetwork
