Cosmos Hits 1-Day Volume of $37.98 Million (ATOM)

Cosmos (ATOM) traded up 5.6% against the U.S. dollar during the 24-hour period ending at 9:00 AM Eastern on August 20th. One Cosmos coin can currently be purchased for about $1.48 or 0.00002061 BTC on major exchanges. Cosmos has a total market capitalization of $779.62 million and approximately $37.98 million worth of Cosmos was traded on exchanges in the last day. In the last week, Cosmos has traded up 0.4% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Cronos (CRO) traded up 15% against the dollar and now trades at $0.0533 or 0.00000074 BTC.
• Hedera (HBAR) traded up 7.4% against the dollar and now trades at $0.0729 or 0.00000101 BTC.
• Avalanche (AVAX) traded up 8.5% against the dollar and now trades at $6.88 or 0.00009570 BTC.
• NEAR Protocol (NEAR) traded 6.8% higher against the dollar and now trades at $1.73 or 0.00002405 BTC.
• Internet Computer (ICP) traded up 7.2% against the dollar and now trades at $2.32 or 0.00003229 BTC.
• Algorand (ALGO) traded 7.1% higher against the dollar and now trades at $0.0853 or 0.00000119 BTC.
• Fetch.ai (FET) traded up 10.2% against the dollar and now trades at $0.13 or 0.00000187 BTC.
• Akash Network (AKT) traded 7.1% higher against the dollar and now trades at $0.51 or 0.00000718 BTC.
• PayProtocol Paycoin (PCI) traded 6% higher against the dollar and now trades at $0.0365 or 0.00000051 BTC.
• Theta Fuel (TFUEL) traded up 6.9% against the dollar and now trades at $0.0078 or 0.00000011 BTC.

Cosmos Coin Profile

Cosmos uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 525,799,851 coins. 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. The official message board for Cosmos is blog.cosmos.network. The official website for Cosmos 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”

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 trade Cosmos should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the exchanges listed above.

ATOM/USD price chart by TradingView