Cosmos Reaches Market Capitalization of $2.44 Billion (ATOM)

Cosmos (CURRENCY:ATOM) traded 6.5% higher against the US dollar during the one day period ending at 12:00 PM Eastern on July 22nd. One Cosmos coin can now be purchased for approximately $11.17 or 0.00034418 BTC on major cryptocurrency exchanges. Over the last seven days, Cosmos has traded 0.7% higher against the US dollar. Cosmos has a market capitalization of $2.44 billion and $237.59 million worth of Cosmos was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

  • Wrapped Bitcoin (WBTC) traded up 1.9% against the dollar and now trades at $32,506.21 or 1.00187962 BTC.
  • Creditcoin (CTC) traded down 3% against the dollar and now trades at $1.87 or 0.00005776 BTC.
  • Venus (XVS) traded 0.5% lower against the dollar and now trades at $16.30 or 0.00050232 BTC.
  • Function X (FX) traded up 5.8% against the dollar and now trades at $0.26 or 0.00000786 BTC.
  • StableXSwap (STAX) traded up 9% against the dollar and now trades at $3.16 or 0.00009739 BTC.
  • mStable USD (MUSD) traded 1.7% higher against the dollar and now trades at $1.00 or 0.00003089 BTC.
  • Redd (RDD) traded 1.7% higher against the dollar and now trades at $0.0011 or 0.00000008 BTC.
  • Darwinia Network (RING) traded up 7.6% against the dollar and now trades at $0.0320 or 0.00000099 BTC.
  • Phantasma (SOUL) traded up 1.8% against the dollar and now trades at $0.14 or 0.00000435 BTC.
  • Nestree (EGG) traded 8.6% higher against the dollar and now trades at $0.0033 or 0.00000010 BTC.

About Cosmos

Cosmos (CRYPTO:ATOM) is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 276,314,669 coins and its circulating supply is 218,530,066 coins. Cosmos’ official message board is blog.cosmos.network. Cosmos’ official website is cosmos.network. Cosmos’ official Twitter account is @cosmos. The Reddit community for Cosmos is /r/cosmosnetwork and the currency’s Github account can be viewed here.

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 currently possible to buy alternative cryptocurrencies such as Cosmos directly using U.S. dollars. Investors seeking to trade Cosmos should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Cosmos using one of the aforementioned exchanges.

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