Cosmos Price(ATOM)

People Also Ask: Other Questions About Cosmos ATOM

1. What is Cosmos Most Known For?

   Cosmos is recognized as one of the leading decentralized projects working to enhance communication between blockchains as the world becomes more integrated by the decentralized industry. Hailed as “the internet of blockchains”, it has progressed further than many other projects in terms of blockchain interoperability.

2. How is the Cosmos Network Set Up?

   Cosmos is set up in three layers to facilitate the processes taking place on its network. These layers are known as the application, networking and consensus layers.

   The application layer sets up new applications across the network to enable interoperability. The networking layer is essentially the process that facilitates communications between blockchains and transactions. Finally, the consensus layer consists of the node agreement on the network state.

3. How is Interoperability Achieved on the Cosmos Platform?

   The Cosmos network achieves interoperability through the creation of zones designed to establish communication between blockchains on the network. This enables seamless swapping, which does not require the creation of new or temporary cryptocurrencies while tokens are being moved to or exchanged on another blockchain network.

4. Who is the Cosmos Founder?

   The Cosmos project was initiated in 2014 by well-known developer Jae Kwon, who later brought on board two other developers — Zarko Milosevic and Ethan Buchman — in order to address interoperability issues in the blockchain vertical.
   

   In 2014, Kwon created Tendermint, an open-source software for launching blockchains that allows code to be written in any language; Tendermint is the basis of the Cosmos ecosystem. In 2017, ATOM was released through an Initial Coin Offering (ICO). Live ATOM price data can be viewed on Binance.

5. What is the Maximum Token Supply of ATOM?

   There is currently no maximum supply for ATOM tokens. The supply is adjusted according to the amount of ATOM tokens that are staked at any one time. ATOM can be staked, as well as used in governance decisions on the Cosmos network.

6. What Makes the Cosmos Network Different From Others?

   There are already over 250 applications running on the Cosmos platform, with names like Binance among its larger entities. New blockchains added to the large, expansive Cosmos networks are referred to as ‘zones’.

   Cosmos uses hubs when connecting blockchains for interoperability. This process is different from that of other swapping protocols, which often turn digital assets into pegged assets on the connected blockchain, like WBTC on the ETH network to represent BTC. Cosmos enables direct communication, so there is no need for wrapping, or to create different versions of tokens.

7. How to Buy ATOM?

   ATOM can be purchased directly from Binance using a debit or credit card. ATOM can also be traded for other cryptocurrencies on the Binance exchange. Live ATOM price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy Cosmos (ATOM) Guide.

8. How Much Will ATOM Be Worth in Future?

   Check out our Cosmos (ATOM) Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.