Cosmos Hub

ATOM Price

What is Cosmos Hub (ATOM)?

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. 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.

As staking tokens, ATOM can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of ATOM staked. The more ATOM 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 ATOM.

To learn more about Cosmos Hub (ATOM), you may:

•  Watch a video explanation on Cosmos Hub.
•  Read an in-depth guide on Cosmos.
•  Learn how to stake Cosmos.

Where can you buy Cosmos Hub?

ATOM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Cosmos Hub is Binance, where the most active trading pair ATOM/USDT has a trading volume of $4,353,258.48 in the last 24 hours. Other popular options include Toobit and OKX.

What is the daily trading volume of Cosmos Hub (ATOM)?

The trading volume of Cosmos Hub (ATOM) is $71,918,276.30 in the last 24 hours, representing a 0.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Cosmos Hub (ATOM)?

Cosmos Hub (ATOM) reached an all-time high of $43.84 and an all-time low of $1.16. It’s now trading -95.80% below that peak and 58.70% above its lowest price.

What is the market cap of Cosmos Hub (ATOM)?

Market capitalization of Cosmos Hub (ATOM) is $978,740,292 and is ranked #82 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ATOM tokens (530 Million tokens are tradable on the market today).

What is the fully diluted valuation of Cosmos Hub (ATOM)?

The fully diluted valuation (FDV) of Cosmos Hub (ATOM) is $978,740,292. This is a statistical representation of the maximum market cap, assuming total number of 530 Million ETH tokens are in circulation today.

How does the price performance of Cosmos Hub compare against its peers?

With a price increase of 23.70% in the last 7 days, Cosmos Hub (ATOM) is outperforming the global cryptocurrency market which is up 14.10%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 15.90%.