How to buy Cosmos (ATOM)
What is Cosmos (ATOM)
The Cosmos network was founded in 2014 by Jae Kwon and Ethan Buchman as a solution for interoperable blockchains. Different projects and applications all have their own blockchain needs for customizability, but they also benefit from compatibility too. Each new blockchain in the Cosmos ecosystem is known as a Zone. These connect with Cosmos Hub, a Proof of Stake blockchain that enables the transfer of data and assets between different blockchains.
Cosmos Hub’s native token is ATOM, a utility token with three use cases. Users must pay their transaction fees using Atom, with the fee proportional to the computational power required. ATOM is also used to take part in Cosmos Hub’s governance and staked behind validators for rewards. The token is inflationary, and new coins are minted based on the amount of ATOM staked at any given time.