Cosmos Market Cap Achieves $792.40 Million (ATOM)

Cosmos (ATOM) traded 0.5% lower against the dollar during the 24 hour period ending at 9:00 AM Eastern on August 28th. Cosmos has a market cap of $792.40 million and $33.03 million worth of Cosmos was traded on exchanges in the last day. One Cosmos coin can now be bought for about $1.50 or 0.00001896 BTC on popular cryptocurrency exchanges. During the last week, Cosmos has traded 3.7% lower against the dollar.

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

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• Cronos (CRO) traded 4% lower against the dollar and now trades at $0.0587 or 0.00000074 BTC.
• Hedera (HBAR) traded down 1.4% against the dollar and now trades at $0.0774 or 0.00000098 BTC.
• Avalanche (AVAX) traded down 0.7% against the dollar and now trades at $7.39 or 0.00009322 BTC.
• NEAR Protocol (NEAR) traded 2.8% lower against the dollar and now trades at $1.86 or 0.00002344 BTC.
• Internet Computer (ICP) traded down 1.2% against the dollar and now trades at $2.40 or 0.00003031 BTC.
• Algorand (ALGO) traded down 2.4% against the dollar and now trades at $0.0885 or 0.00000112 BTC.
• Fetch.ai (FET) traded down 2.2% against the dollar and now trades at $0.16 or 0.00000203 BTC.
• Akash Network (AKT) traded 4.2% lower against the dollar and now trades at $0.53 or 0.00000670 BTC.
• PayProtocol Paycoin (PCI) traded 0.8% lower against the dollar and now trades at $0.0393 or 0.00000049 BTC.
• Theta Fuel (TFUEL) traded up 2.9% against the dollar and now trades at $0.0093 or 0.00000012 BTC.

About Cosmos

Cosmos (ATOM) uses the hashing algorithm. Its genesis date was September 3rd, 2016. Cosmos’ total supply is 527,266,269 coins. The official message board for Cosmos 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. Cosmos’ official Twitter account is @cosmos and its Facebook page is accessible here. The official website for Cosmos is cosmos.network.

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”

Buying and Selling Cosmos

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

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