Cosmos (ATOM) traded 11.2% higher against the dollar during the one day period ending at 18:00 PM ET on June 19th. One Cosmos coin can currently be bought for about $6.75 or 0.00033124 BTC on major cryptocurrency exchanges. Cosmos has a market cap of $1.93 billion and $254.73 million worth of Cosmos was traded on exchanges in the last 24 hours. During the last week, Cosmos has traded down 9.3% against the dollar.
Here is how other cryptocurrencies have performed during the last 24 hours:
- Unitech (UTC) traded down 0.1% against the dollar and now trades at $1.00 or 0.00004911 BTC.
- Wrapped Bitcoin (WBTC) traded up 9.4% against the dollar and now trades at $20,385.60 or 1.00086876 BTC.
- dForce USD (USX) traded 2% lower against the dollar and now trades at $1.00 or 0.00004926 BTC.
- Function X (FX) traded 9.4% higher against the dollar and now trades at $0.16 or 0.00000803 BTC.
- Creditcoin (CTC) traded 1.8% higher against the dollar and now trades at $0.29 or 0.00001408 BTC.
- Venus (XVS) traded up 6.3% against the dollar and now trades at $4.30 or 0.00021109 BTC.
- mStable USD (MUSD) traded up 0.5% against the dollar and now trades at $1.00 or 0.00004933 BTC.
- Nestree (EGG) traded 4.9% lower against the dollar and now trades at $0.0121 or 0.00000059 BTC.
- Redd (RDD) traded flat against the dollar and now trades at $0.0011 or 0.00000008 BTC.
- Phantasma (SOUL) traded down 1.8% against the dollar and now trades at $0.22 or 0.00001088 BTC.
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. “
Buying and Selling Cosmos
It is usually not presently possible to buy alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to trade Cosmos should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Cosmos using one of the aforementioned exchanges.
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