Cosmos (ATOM) logo
Cosmos (ATOM) logo

Cosmos (ATOM) Price and Review 2023

Contact
Country: Switzerland
Launched: 2016
Market cap: $ 4,041,209,691.2426
Supply: 387,892,714.65324
Symbol: ATOM
Price (USD): $ 10.4184
Volume 24h: $ 6,522,562.9066
Change 24h: 4.28%
Proof type: PoS
Total coins mined: 190,688,439.0
Is trading: yes
Block reward: 0.0
Expert Review
May 23, 2020

Cosmos is a decentralized network of independent blockchains, aiming to address the limitations of existing blockchain systems. It provides a platform that allows these blockchains to communicate and exchange data in a secure and transparent manner. Cosmos was founded in 2016 by Jae Kwon, and its native token is ATOM. In this review, we will explore Cosmos in more detail, including its technology, team, use cases, partnerships, and future potential.

Technology:

Cosmos is a proof-of-stake (PoS) blockchain network that uses Tendermint Core as its consensus engine. Tendermint Core is a Byzantine Fault Tolerant (BFT) consensus algorithm that allows for faster and more efficient transactions. Cosmos also uses the Inter-Blockchain Communication (IBC) protocol, which allows different blockchain networks to communicate with each other in a secure and transparent manner.
Cosmos uses a modular architecture, which means that it is designed to be highly customizable and adaptable. Developers can create their own customized blockchain applications on the Cosmos network using the Cosmos Software Development Kit (SDK). The SDK provides developers with the necessary tools and resources to create their own blockchain networks, including the ability to create their own consensus algorithms and governance structures.

Team:

The Cosmos team is led by Jae Kwon, who is the founder and CEO of Tendermint Inc., the company that developed Tendermint Core. Kwon has extensive experience in blockchain technology and has previously worked on projects such as the blockchain-based prediction market Augur. Other key members of the team include Zaki Manian, the director of Tendermint Labs, and Ethan Buchman, the co-founder of Cosmos.

Use Cases:

Cosmos has several potential use cases, including:
Interoperability: Cosmos enables different blockchain networks to communicate and exchange data with each other. This means that Cosmos can be used to create a decentralized ecosystem where different blockchain networks can work together and share resources.
Decentralized Finance (DeFi): Cosmos can be used to create decentralized financial applications that allow users to lend, borrow, and trade digital assets. The Cosmos network supports a variety of digital assets, including cryptocurrencies, stablecoins, and security tokens.
Gaming: Cosmos can be used to create blockchain-based gaming applications that allow players to trade digital assets and create unique in-game experiences.
Supply Chain: Cosmos can be used to create supply chain management systems that allow businesses to track their products and ensure that they are sourced and produced ethically.

Partnerships:

Cosmos has several high-profile partnerships, including:
Binance: Binance, one of the largest cryptocurrency exchanges in the world, has invested in Cosmos and supports the ATOM token on its platform.
Terra: Terra is a stablecoin project that is built on the Cosmos network. The Terra stablecoin is pegged to the value of the US dollar and is designed to be used for online purchases.
Persistence: Persistence is a blockchain-based supply chain management platform that is built on the Cosmos network. It allows businesses to track their products and ensure that they are sourced and produced ethically.

Future Potential:

Cosmos has several promising developments in the pipeline that could drive its future growth. These include:
Stargate Upgrade: The Stargate upgrade is a major upgrade to the Cosmos network that will improve its performance and scalability. It will also enable new features, such as support for non-fungible tokens (NFTs) and decentralized identifiers (DIDs).
Inter-Blockchain Services (IBS): Inter-Blockchain Services (IBS) is a new feature that is currently under development. It will allow developers to build services that can be used across multiple blockchain networks, making it easier to create decentralized applications that work seamlessly with different blockchains.

Our Score
Transaction speed 5 / 5
Technology 5 / 5
Security 4 / 5
Investment potential 3 / 5
Reputation 4 / 5
Our Score
4.2 / 5
Pros and Cons
pros

Can bring passive income

Has credible use cases

cons

Problems with staking

banner-image
Write review
Rating
Please choose your rating.
Your review

Leave your review about Cosmos (ATOM) here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews
Daniam Castellanos 20 January 2022
5.0

Incredible Dev Community, have an outstanding milestones delivery.
IBC is open to use , no need to pay fees in ATOM , instead in native token/coin.
Passive income is really good. There are some good projects in there, like SCRT

neo 21 May 2021
5.0

Potentiel énorme avec gravity dex et gravity bridge . nombre transaction/secondes énorme , frais ridicules , sera bientôt le plus grand échangeur décentralisé , le moins cher et le plus rapide , sans aucun besoin d'indentification . Par preuve d'enjeu donc avec du rendement (10%) et sans pollution de la planète. Espace sans contrôle hyper fluide qui permettra l'explosion de la crypto

cryptonian 6 September 2019
5.0

Cosmos is an ambition project and I like seeing it on the different exchanges and wallets. The price of it is growing and provide great opportunity to gain money.

Ian Wise 6 September 2019
5.0

Cosmos has shown tremendous growth recently. It’s reached top 15 coins on Binance and I hope it’s not going to stop. Good coin to trade.

Country: Switzerland
Launched: 2016
Market cap: $ 4,041,209,691.2426
Supply: 387,892,714.65324
Symbol: ATOM
Price (USD): $ 10.4184
Volume 24h: $ 6,522,562.9066
Change 24h: 4.28%
Proof type: PoS
Total coins mined: 190,688,439.0
Is trading: yes
Block reward: 0.0
Similar coins
Wanchain is a blockchain-based distributed superfinance marketplace. This is the definition that the developers whitepaper suggests. It is noteworthy that this loud name hides a really interesting filling. The Wanchain platform allows you to exchange digital assets between other blockchains. It uses the latest cryptographic theories to build a non-proprietary cross-chain and distributed ledger protocol that records both cross-chain and internal transactions.
Mixin (XIN) is an ERC-20 compliant utility token of the open Mixin messaging platform that serves for easy transfers of crypto. The token is available with a few exchanges.
Raiden Network Token (RDN) is an Ethereum token and available on the number of exchanges. It’s possible to trade RDN against USD on the Bitfinex platform.