3807 Cryptocurrencies
Total Market Cap $245,932,622,067
Total Volume 24h $734,770,117

Cosmos Cosmos star

$2.93
-0.11 (-3.62%)

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.

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Market share 0.23%
Proof type
Open $3.04
Low $2.88
High $3.05
Price in BTC 0.00035785578089 BTC
Current Supply 190,688,432 ATOM
Market cap $558,292,928
24h Volume (coin) 1,719,949 ATOM
24h Volume (currency) $5,035,624
Last updated 2019-10-16 05:30:17 +01:00 BST
ID Market Type Price Quantity Total
Date Price Volume

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