Cosmos cryptocurrency (ATOM) has appeared on the market relatively recently, but this did not stop the token from attracting a lot of attention. Altcoin appeared on the cryptocurrency market in 2019, but the platform's elaboration was started back in 2017. Cosmos is a global ecosystem that combines different blockchains. ATOM tokens are used exclusively for participation in the development and enhancement of system security. The system has its own blockchain, it is called Cosmos Hub. Nearly all the major cryptocyrrency exchanges added ATOM token to the listing, without an application from Cosmos platform developers.
The Cosmos Network is a decentralized network of independent, scalable, and interoperable blockchains, creating the foundation for a new token economy.
The project aroused interest in the cryptocommunity, especially among developers who, in fact, were offered a simple tool to create new blockchains and synchronize with third-party networks. In 2017, during the ICO, the project managed to raise almost $ 17 million in 28 minutes. This amount was received for the sale of 168 million internal platform tokens, called ATOM. ATOM was used during the ICO and presents the Cosmos platform on the cryptocurrency market. As a beginner, altcoin is very well represented on the trading floors.
Before the Cosmos Network, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small number of transactions per second. Cosmos solves some of the hardest blockchain problems of scalability, usability and interoperability.
Poloniex, Kraken, Bittrex, Bitfinex, OKEx and Gate.io are among the exchanges that added it to the listing. The main trading volume is pruduced on Bibox (13% of trading volume, paired with ETH), Hotbit and Binance (11% each, paired with BTC). A noticeable increase in the ATOM token price in the nearest 2 years is hardly expected, due to the platform's slow developement. Adding ATOM token to the crypto portfolio is not recommended currently, as the Cosmos project may not meet investors' expectations.
The Cosmos SDK is a developer-friendly, modular framework, each powered by a Byzantine Fault-Tolerant consensus algorithm such as Tendermint BFT, allowing developers to fully customize their decentralized applications and focus on business logic. At Cosmos, we’re building the "Internet of Blockchains." Join our growing network and plug into the most powerful blockchain ecosystem.
* Forex Rating accepts no liability for any errors in the Cosmos Price or ATOM Information. For the most recent information please visit the Cosmos official site.
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