Cosmos (CURRENCY:ATOM) traded 1.6% higher against the U.S. dollar during the 1-day period ending at 22:00 PM E.T. on September 23rd. Over the last seven days, Cosmos has traded up 10.4% against the U.S. dollar. One Cosmos coin can now be bought for about $40.81 or 0.00091785 BTC on cryptocurrency exchanges. Cosmos has a market cap of $9.05 billion and approximately $2.46 billion worth of Cosmos was traded on exchanges in the last 24 hours.
Here’s how other cryptocurrencies have performed over the last 24 hours:
- Wrapped Bitcoin (WBTC) traded up 1.9% against the dollar and now trades at $44,474.89 or 1.00037259 BTC.
- Creditcoin (CTC) traded down 21.7% against the dollar and now trades at $3.05 or 0.00006858 BTC.
- Venus (XVS) traded up 0.6% against the dollar and now trades at $25.04 or 0.00056313 BTC.
- Tranchess (CHESS) traded 1.7% higher against the dollar and now trades at $3.50 or 0.00007869 BTC.
- Function X (FX) traded 5.5% higher against the dollar and now trades at $0.81 or 0.00001820 BTC.
- Phantasma (SOUL) traded 3.9% higher against the dollar and now trades at $0.55 or 0.00001241 BTC.
- mStable USD (MUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00002248 BTC.
- StableXSwap (STAX) traded down 1.4% against the dollar and now trades at $2.55 or 0.00005738 BTC.
- Redd (RDD) traded 1.7% higher against the dollar and now trades at $0.0011 or 0.00000008 BTC.
- Darwinia Network (RING) traded 2% higher against the dollar and now trades at $0.0585 or 0.00000132 BTC.
According to CryptoCompare, “Cosmos is a network of many independent blockchains, called zones. The zones are powered by Tendermint Core, which provides a high-performance, consistent, secure PBFT-like consensus engine, where strict fork-accountability guarantees hold over the behaviour of malicious actors. Tendermint Core’s BFT consensus algorithm is well suited for scaling public proof-of-stake blockchains. The first zone on Cosmos is called the Cosmos Hub. The Cosmos Hub is a multi-asset proof-of-stake cryptocurrency with a simple governance mechanism which enables the network to adapt and upgrade. In addition, the Cosmos Hub can be extended by connecting other zones. The hub and zones of the Cosmos network communicate with each other via an inter-blockchain communication (IBC) protocol, a kind of virtual UDP or TCP for blockchains. Tokens can be transferred from one zone to another securely and quickly without the need for exchange liquidity between zones. Instead, all inter-zone token transfers go through the Cosmos Hub, which keeps track of the total amount of tokens held by each zone. The hub isolates each zone from the failure of other zones. Because anyone can connect a new zone to the Cosmos Hub, zones allow for future-compatibility with new blockchain innovations. The supply won’t be limited as the project plans to introduce a yearly inflatory model. “
Buying and Selling Cosmos
It is usually not currently possible to buy alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to acquire Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the exchanges listed above.
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