Cosmos Crypto Price Prediction, Value and Chart (ATOM)

Cosmos (ATOM) Frequently Asked Questions

What is Cosmos?

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.  (Description provided by CryptoCompare)

How do I buy Cosmos?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Cosmos.

What do investment analysts think about Cosmos?

Weiss Research, an investment research firm that rates cryptocurrencies, has given Cosmos an overall rating of "C+", a technology and adoption rating of "C", and a market performance rating of "B-".

Where can I get Cosmos wallet?

Cosmos produces its own wallet software that is available for download on its website, which allows you to store Cosmos on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Cosmos?

One Cosmos (ATOM) is currently worth $10.88 on major cryptocurrency exchanges. You can also exchange one Cosmos for 0.00047211 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Cosmos in U.S. dollars is $3.11 billion.

What hashing algorithm does Cosmos use?

Cosmos is a proof of work (PoW) and proof of stake (PoS) coin that uses the Scrypt algorithm.

How do I mine Cosmos?

Cosmos and other Scrypt coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to Cosmos?

The following coins use Cosmos's Scrypt algorithm and proof of work (PoW) and proof of stake (PoS) proof-type: Unitech, Wrapped Bitcoin, dForce USD, Function X, Creditcoin, Venus, YES WORLD, mStable USD, Aurix, Phantasma, Nestree, Tranchess, CloudChat, Galaxy Heroes Coin and Techpay Coin.

What is the Reddit page for Cosmos?

The official Reddit community (subreddit) for Cosmos is r/cosmosnetwork.