Cosmos Price Up 5.6% This Week (ATOM)

Cosmos (ATOM) traded 0.6% lower against the U.S. dollar during the one day period ending at 9:00 AM E.T. on May 12th. One Cosmos coin can now be purchased for $2.01 or 0.00002487 BTC on popular cryptocurrency exchanges. Cosmos has a total market capitalization of $1.02 billion and $76.02 million worth of Cosmos was traded on exchanges in the last day. Over the last week, Cosmos has traded up 5.6% against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

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• Cronos (CRO) traded up 1.5% against the dollar and now trades at $0.0808 or 0.00000100 BTC.
• Avalanche (AVAX) traded 2.4% lower against the dollar and now trades at $9.88 or 0.00012233 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0948 or 0.00000117 BTC.
• NEAR Protocol (NEAR) traded up 1.1% against the dollar and now trades at $1.55 or 0.00001922 BTC.
• Internet Computer (ICP) traded 8.1% lower against the dollar and now trades at $3.29 or 0.00004072 BTC.
• Algorand (ALGO) traded up 0.9% against the dollar and now trades at $0.12 or 0.00000155 BTC.
• Fetch.ai (FET) traded down 3.7% against the dollar and now trades at $0.23 or 0.00000282 BTC.
• Akash Network (AKT) traded 13.7% higher against the dollar and now trades at $0.90 or 0.00001114 BTC.
• PayProtocol Paycoin (PCI) traded 1.5% lower against the dollar and now trades at $0.0511 or 0.00000063 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0121 or 0.00000015 BTC.

Cosmos Coin Profile

ATOM uses the hashing algorithm. It was first traded on September 3rd, 2016. Cosmos’ total supply is 507,931,583 coins. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network. Cosmos’ official message board is blog.cosmos.network. The Reddit community for Cosmos is https://reddit.com/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. Telegram, Discord, GitHub, Reddit, YouTubeWhitepaper”

Cosmos Coin Trading

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

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