Cosmos Trading 26.6% Higher This Week (ATOM)

Cosmos (ATOM) traded 10.3% higher against the U.S. dollar during the 1-day period ending at 16:00 PM Eastern on June 23rd. Cosmos has a market capitalization of $2.31 billion and approximately $447.04 million worth of Cosmos was traded on exchanges in the last day. During the last seven days, Cosmos has traded up 26.6% against the U.S. dollar. One Cosmos coin can currently be purchased for approximately $8.08 or 0.00038745 BTC on major exchanges.

Here’s how related cryptocurrencies have performed during the last day:

  • Unitech (UTC) traded down 0% against the dollar and now trades at $1.00 or 0.00004803 BTC.
  • Wrapped Bitcoin (WBTC) traded 3.6% higher against the dollar and now trades at $20,799.59 or 0.99760603 BTC.
  • dForce USD (USX) traded 2.5% higher against the dollar and now trades at $1.01 or 0.00004835 BTC.
  • Function X (FX) traded 10% higher against the dollar and now trades at $0.19 or 0.00000896 BTC.
  • Creditcoin (CTC) traded up 13.2% against the dollar and now trades at $0.33 or 0.00001580 BTC.
  • Venus (XVS) traded up 2.9% against the dollar and now trades at $5.09 or 0.00024410 BTC.
  • mStable USD (MUSD) traded down 0.3% against the dollar and now trades at $1.00 or 0.00004800 BTC.
  • Redd (RDD) traded flat against the dollar and now trades at $0.0011 or 0.00000008 BTC.
  • Nestree (EGG) traded 1.3% lower against the dollar and now trades at $0.0116 or 0.00000056 BTC.
  • Phantasma (SOUL) traded up 1.1% against the dollar and now trades at $0.22 or 0.00001070 BTC.

Cosmos Profile

Cosmos (CRYPTO:ATOM) is a PoW/PoS coin that uses the Scrypt hashing algorithm. It launched on September 3rd, 2016. The Reddit community for Cosmos is /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. 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.  “

Cosmos Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to trade Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the aforementioned exchanges.

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