Cosmos price
in USDCheck your spelling or try another.
About Cosmos
Cosmos’s price performance
Cosmos in the news
Cosmos hits 100-chain milestone as ATOM tests $4.56 support amid sustained selling pressure.
Cosmos’ native token posts strong technical breakout with rising volume and higher lows, as traders eye Bitcoin’s next move for broader altcoin direction.
Cosmos Hub’s native token plunged as intense distribution activity weighed on prices, while late-session volatility suggests fragile recovery prospects.
ATOM holders will be feeling assured after Cosmos' token held firm above the $4.00 level of support.
Cosmos token shows remarkable 3% recovery amid broader market uncertainty, establishing new resistance at $4.04 level.
Cosmos token faces 5% volatility swing amid broader market uncertainty despite late recovery attempts.
Cosmos on socials
Guides
Cosmos on OKX Learn
More to explore
Cosmos FAQ
Dive deeper into Cosmos
Cosmos is a decentralized hub bridging multiple blockchains using Byzantine Fault Tolerance (BFT) consensus algorithms like Tendermint. This pioneering platform not only aspires to knit together diverse blockchains but also to enhance their collective functionality. With a unified vision, the Cosmos team aims to break down barriers, envisioning a cohesive blockchain realm, all under the Cosmos umbrella.
What Is Cosmos
Cosmos, often called the “internet of blockchains,” seeks to revolutionize the blockchain industry by addressing major challenges like scalability and interoperability. It does so by fostering communication between distributed ledgers without relying on a centralized server.
The Cosmos ecosystem comprises application-specific sidechains named “Zones.” These Zones are interconnected through the Cosmos Hub, similar to Polkadot's parachain model.
ATOM, its native token, facilitates governance voting and strengthens security through staking.
The Cosmos team
Cosmos was developed by the Tendermint team. Its co-founders, Jae Kwon, the mastermind behind the Tendermint consensus algorithm, and Ethan Buchman, have rallied a team of adept blockchain developers, cryptographers, and computer scientists.
How does Cosmos work
Cosmos utilizes a "hub and spoke" architecture, where the Cosmos Hub acts as the central hub, and various independent blockchains, referred to as “Spokes,” connect to it. These independent blockchains, known as Zones, leverage the Tendermint consensus protocol and communicate with the hub using the Inter-Blockchain Communication (IBC) protocol.
In contrast to many platforms that depend on smart contracts for inter-chain interactions, Cosmos introduces an open-source tool that allows developers to design and develop decentralized blockchain applications. Additionally, Cosmos offers software development kits (SDKs) to streamline the creation of these applications.
ATOM tokenomics
ATOM is the native token of the Cosmos network. It underpins the network's Proof of Stake (PoS) consensus model, with validators and delegators staking ATOM tokens to bolster security and partake in consensus. Moreover, ATOM holders possess governance rights, influencing the trajectory of the Cosmos network through their votes. ATOM can also be used to pay transaction fees or staked for additional rewards. An annual inflation rate of 7 percent to 20 percent incentivizes ATOM holders to stake their tokens.
Distribution of ATOM
ATOM was initially distributed as follows:
- 35 percent earmarked for staking rewards
- 30 percent disseminated to partner exchanges to ensure liquidity
- 10 percent set aside for the Interchain Foundation
- 10 percent remains with Tendermint
- 15 percent was allocated to the team and investors
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.