Cosmos (CURRENCY:ATOM) traded down 11.2% against the US dollar during the 24-hour period ending at 13:00 PM ET on September 20th. During the last week, Cosmos has traded up 2.7% against the US dollar. One Cosmos coin can currently be purchased for approximately $37.84 or 0.00085885 BTC on major exchanges. Cosmos has a total market cap of $8.39 billion and approximately $3.55 billion worth of Cosmos was traded on exchanges in the last day.
Here’s how other cryptocurrencies have performed during the last day:
- Wrapped Bitcoin (WBTC) traded 6.9% lower against the dollar and now trades at $44,130.59 or 1.00171204 BTC.
- Creditcoin (CTC) traded down 7.6% against the dollar and now trades at $3.80 or 0.00008626 BTC.
- Venus (XVS) traded down 14.3% against the dollar and now trades at $26.74 or 0.00060702 BTC.
- Tranchess (CHESS) traded down 10.3% against the dollar and now trades at $3.45 or 0.00007836 BTC.
- Function X (FX) traded down 16.4% against the dollar and now trades at $0.80 or 0.00001820 BTC.
- Phantasma (SOUL) traded 1.7% higher against the dollar and now trades at $0.59 or 0.00001337 BTC.
- mStable USD (MUSD) traded 0.3% lower against the dollar and now trades at $1.01 or 0.00002297 BTC.
- StableXSwap (STAX) traded down 13.6% against the dollar and now trades at $2.58 or 0.00005861 BTC.
- Redd (RDD) traded up 1.7% against the dollar and now trades at $0.0011 or 0.00000008 BTC.
- Darwinia Network (RING) traded 8.3% lower against the dollar and now trades at $0.0598 or 0.00000136 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 currently 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Cosmos using one of the exchanges listed above.
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