Cosmos Reaches Market Cap of $7.49 Billion (ATOM)

Cosmos (ATOM) traded 3.9% lower against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on April 10th. During the last seven days, Cosmos has traded down 17.9% against the U.S. dollar. Cosmos has a market cap of $7.49 billion and $344.97 million worth of Cosmos was traded on exchanges in the last 24 hours. One Cosmos coin can now be bought for $26.16 or 0.00062058 BTC on major exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Wrapped Bitcoin (WBTC) traded 1.6% lower against the dollar and now trades at $42,062.13 or 0.99772908 BTC.
  • Function X (FX) traded 1.4% lower against the dollar and now trades at $0.54 or 0.00001283 BTC.
  • Venus (XVS) traded down 7.1% against the dollar and now trades at $10.44 or 0.00024758 BTC.
  • Nestree (EGG) traded down 0.1% against the dollar and now trades at $0.0365 or 0.00000087 BTC.
  • Phantasma (SOUL) traded 4.5% lower against the dollar and now trades at $0.80 or 0.00001898 BTC.
  • Tranchess (CHESS) traded down 4.9% against the dollar and now trades at $0.83 or 0.00001974 BTC.
  • mStable USD (MUSD) traded 0.1% higher against the dollar and now trades at $1.01 or 0.00002390 BTC.
  • Numbers Protocol (NUM) traded down 3.9% against the dollar and now trades at $0.36 or 0.00000849 BTC.
  • Redd (RDD) traded flat against the dollar and now trades at $0.0011 or 0.00000008 BTC.
  • Reflexer Ungovernance Token (FLX) traded down 1.1% against the dollar and now trades at $96.56 or 0.00229054 BTC.

Cosmos Profile

Cosmos is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its genesis date was September 3rd, 2016. The official website for Cosmos is cosmos.network. Cosmos’ official message board is blog.cosmos.network. The Reddit community for Cosmos is /r/cosmosnetwork and the currency’s Github account can be viewed here. Cosmos’ official Twitter account is @cosmos.

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 possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cosmos using one of the exchanges listed above.

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