Cosmos (CURRENCY:ATOM) traded 1.7% lower against the US dollar during the one day period ending at 7:00 AM E.T. on April 8th. One Cosmos coin can now be bought for about $19.84 or 0.00035117 BTC on popular exchanges. Cosmos has a market capitalization of $4.21 billion and approximately $700.92 million worth of Cosmos was traded on exchanges in the last day. Over the last week, Cosmos has traded up 2.3% against the US dollar.
Here is how other cryptocurrencies have performed over the last day:
- Wrapped Bitcoin (WBTC) traded down 1.1% against the dollar and now trades at $56,545.59 or 1.00097899 BTC.
- Creditcoin (CTC) traded up 4.7% against the dollar and now trades at $6.23 or 0.00011032 BTC.
- Venus (XVS) traded up 6.7% against the dollar and now trades at $56.31 or 0.00099673 BTC.
- Darwinia Network (RING) traded down 2.4% against the dollar and now trades at $0.19 or 0.00000345 BTC.
- Function X (FX) traded 3.2% higher against the dollar and now trades at $0.35 or 0.00000617 BTC.
- Phantasma (SOUL) traded 1.5% lower against the dollar and now trades at $0.69 or 0.00001228 BTC.
- StableXSwap (STAX) traded up 0.9% against the dollar and now trades at $3.01 or 0.00005332 BTC.
- mStable USD (MUSD) traded 2.3% higher against the dollar and now trades at $0.99 or 0.00001752 BTC.
- Redd (RDD) traded up 1.7% against the dollar and now trades at $0.0011 or 0.00000008 BTC.
- Nestree (EGG) traded 6.2% higher against the dollar and now trades at $0.0126 or 0.00000022 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. “
Cosmos Coin Trading
It is usually not currently possible to purchase alternative cryptocurrencies such as Cosmos directly using US dollars. Investors seeking to acquire Cosmos should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Cosmos using one of the aforementioned exchanges.
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