Cosmos (ATOM) Market Cap Reaches $869.42 Million

Cosmos (ATOM) traded up 3.3% against the US dollar during the 24 hour period ending at 10:00 AM ET on April 6th. Cosmos has a market cap of $869.42 million and approximately $66.31 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be purchased for approximately $1.73 or 0.00002499 BTC on exchanges. Over the last seven days, Cosmos has traded 3.1% higher against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Cronos (CRO) traded up 1.6% against the dollar and now trades at $0.0702 or 0.00000101 BTC.
• Avalanche (AVAX) traded up 6.2% against the dollar and now trades at $9.36 or 0.00013495 BTC.
• Hedera (HBAR) traded 2.5% higher against the dollar and now trades at $0.0889 or 0.00000128 BTC.
• NEAR Protocol (NEAR) traded up 3% against the dollar and now trades at $1.28 or 0.00001850 BTC.
• Internet Computer (ICP) traded up 4.9% against the dollar and now trades at $2.37 or 0.00003416 BTC.
• Algorand (ALGO) traded 2.4% higher against the dollar and now trades at $0.12 or 0.00000175 BTC.
• Fetch.ai (FET) traded 4.3% higher against the dollar and now trades at $0.24 or 0.00000342 BTC.
• Akash Network (AKT) traded up 2.3% against the dollar and now trades at $0.45 or 0.00000651 BTC.
• PayProtocol Paycoin (PCI) traded up 30.1% against the dollar and now trades at $0.0561 or 0.00000081 BTC.
• Theta Fuel (TFUEL) traded up 3.1% against the dollar and now trades at $0.0113 or 0.00000016 BTC.

Cosmos Profile

ATOM uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 501,680,580 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. Cosmos’ official message board is blog.cosmos.network. The Reddit community for Cosmos is https://reddit.com/r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official website is cosmos.network.

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”

Cosmos Coin Trading

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

ATOM/USD price chart by TradingView