The current price of Cosmos is $4.9140. Over the last 24 hours, Cosmos has increased by +15.33%. It currently has a circulating supply of 443,400,683 ATOM and a maximum supply of 443,400,683 ATOM, giving it a fully diluted market cap of $2.18B. At present, the Cosmos coin holds the 36 position in market cap rankings. The Cosmos/USD price is updated in real-time.
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Cosmos is a decentralized hub bridging multiple blockchains using Byzantine Fault Tolerance (BFT) consensus algorithms like Tendermint. This pioneering platform not only aspires to knit together diverse blockchains but also to enhance their collective functionality. With a unified vision, the Cosmos team aims to break down barriers, envisioning a cohesive blockchain realm, all under the Cosmos umbrella.
What Is Cosmos
Cosmos, often called the “internet of blockchains,” seeks to revolutionize the blockchain industry by addressing major challenges like scalability and interoperability. It does so by fostering communication between distributed ledgers without relying on a centralized server.
The Cosmos ecosystem comprises application-specific sidechains named “Zones.” These Zones are interconnected through the Cosmos Hub, similar to Polkadot's parachain model.
ATOM, its native token, facilitates governance voting and strengthens security through staking.
The Cosmos team
Cosmos was developed by the Tendermint team. Its co-founders, Jae Kwon, the mastermind behind the Tendermint consensus algorithm, and Ethan Buchman, have rallied a team of adept blockchain developers, cryptographers, and computer scientists.
How does Cosmos work
Cosmos utilizes a "hub and spoke" architecture, where the Cosmos Hub acts as the central hub, and various independent blockchains, referred to as “Spokes,” connect to it. These independent blockchains, known as Zones, leverage the Tendermint consensus protocol and communicate with the hub using the Inter-Blockchain Communication (IBC) protocol.
In contrast to many platforms that depend on smart contracts for inter-chain interactions, Cosmos introduces an open-source tool that allows developers to design and develop decentralized blockchain applications. Additionally, Cosmos offers software development kits (SDKs) to streamline the creation of these applications.
ATOM tokenomics
ATOM is the native token of the Cosmos network. It underpins the network's Proof of Stake (PoS) consensus model, with validators and delegators staking ATOM tokens to bolster security and partake in consensus. Moreover, ATOM holders possess governance rights, influencing the trajectory of the Cosmos network through their votes. ATOM can also be used to pay transaction fees or staked for additional rewards. An annual inflation rate of 7 percent to 20 percent incentivizes ATOM holders to stake their tokens.
Distribution of ATOM
ATOM was initially distributed as follows:
35 percent earmarked for staking rewards
30 percent disseminated to partner exchanges to ensure liquidity
10 percent set aside for the Interchain Foundation
10 percent remains with Tendermint
15 percent was allocated to the team and investors
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 9.1K new posts about Cosmos, driven by 5.9K contributors, and total online engagement reached 5.9M social interactions. The sentiment score for Cosmos currently stands at 78%. Compared to all cryptocurrencies, post volume for Cosmos currently ranks at 516. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Cosmos.
Powered by LunarCrush
Posts
9,107
Contributors
5,866
Interactions
5,927,335
Sentiment
78%
Volume rank
#516
X
Posts
1,985
Interactions
908,684
Sentiment
80%
Cosmos FAQ
What is Cosmos?
Cosmos is an interoperable network designed to connect various independent blockchains, facilitating communication and collaboration between them. It aims to address the blockchain industry's challenges of scalability and interoperability.
Why is interoperability important in the blockchain space?
Interoperability allows for different blockchains to communicate and share information. It bridges the gap between isolated blockchains, enabling more integrated and versatile applications and solutions.
Where can I buy ATOM?
Easily buy ATOM tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include ATOM/BTC, ATOM/ETH, ATOM/USDT, and ATOM/USDC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into ATOM, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Cosmos worth today?
Currently, one Cosmos is worth $4.9140. For answers and insight into Cosmos's price action, you're in the right place. Explore the latest Cosmos charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Cosmos, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cosmos have been created as well.
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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