Why I am bullish on Cosmos (ATOM)
Cosmos is a network of independent blockchains, also known as zones, connected via the Cosmos Hub. ATOM is the native token of the Cosmos Network.
Cosmos is a network of independent blockchains, also known as zones, connected via the Cosmos Hub.
Each zone can develop its blockchain independently, following its governance rules and using the Cosmos Hub for interoperability.
Inter-Blockchain Communication (IBC) enables the exchange of data & tokens between Cosmos and other IBC-enabled blockchains.
Cosmos uses the Tendermint Byzantine Fault Tolerance (BFT) consensus mechanism. This enables very fast transaction settlement.
The biggest advantages of Cosmos are scalability, interoperability, and ease of development. Cosmos is trying to solve the blockchain trilemma by enabling scalability, security & decentralization all at once.
There are 240+ apps & services in the Cosmos network, including Binance Chain.
ATOM is the native token of the Cosmos Network. ATOM holders participate in the network's governance by voting on proposals, changes & network upgrades. They can also stake ATOM to earn rewards while helping secure the network.
Core metrics of ATOM
Price: $9
All-Time High (Sep 20, 2021): $44.70
All-Time Low (Mar 13, 2020): $1.13
Market cap: $3.1 billion
Circulating supply: 347 million ATOM
Volume (24h): $70 million
Volume / Market cap (24h): 2.23%