Cosmos Trading Up 5.1% Over Last Week (ATOM)

Cosmos (ATOM) traded 0.3% lower against the U.S. dollar during the one day period ending at 9:00 AM Eastern on August 12th. One Cosmos coin can now be bought for about $1.42 or 0.00002213 BTC on popular exchanges. Cosmos has a total market cap of $742.94 million and approximately $22.09 million worth of Cosmos was traded on exchanges in the last 24 hours. Over the last seven days, Cosmos has traded 5.1% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Cronos (CRO) traded 0.1% lower against the dollar and now trades at $0.0470 or 0.00000073 BTC.
• Hedera (HBAR) traded up 0.1% against the dollar and now trades at $0.0666 or 0.00000104 BTC.
• Avalanche (AVAX) traded 1% lower against the dollar and now trades at $6.41 or 0.00010006 BTC.
• NEAR Protocol (NEAR) traded up 4.1% against the dollar and now trades at $1.65 or 0.00002580 BTC.
• Internet Computer (ICP) traded down 2.4% against the dollar and now trades at $2.24 or 0.00003500 BTC.
• Algorand (ALGO) traded 2.7% lower against the dollar and now trades at $0.0804 or 0.00000126 BTC.
• Fetch.ai (FET) traded up 0.8% against the dollar and now trades at $0.14 or 0.00000212 BTC.
• Akash Network (AKT) traded 5.3% higher against the dollar and now trades at $0.52 or 0.00000818 BTC.
• PayProtocol Paycoin (PCI) traded down 2.6% against the dollar and now trades at $0.0360 or 0.00000056 BTC.
• Theta Fuel (TFUEL) traded up 0.7% against the dollar and now trades at $0.0073 or 0.00000011 BTC.

Cosmos Profile

Cosmos (ATOM) uses the hashing algorithm. Its launch date was September 3rd, 2016. Cosmos’ total supply is 524,340,731 coins. The official website for Cosmos is cosmos.network. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here.

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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Buying and Selling Cosmos

It is usually not currently possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView