Here Is Why Cosmos Will Eexplode With Gains – Cosmos ATOM News – Crypto News
#CosmosCoin #ATOMcrypto #altcoin
Cosmos (ATOM) Cosmos bills itself as the most customizable, scalable, powerful, and interoperable ecosystem of connected blockchains.
In this video, we will reveal the reasons why you should pay attention to Cosmos ATOM now.
There are over 250 apps and services already running on the Cosmos network, with over $112 billion digital assets under management. Well-known projects built using Cosmos include Binance Chain (BNB), Terra (LUNA), and Crypto.com Coin (CRO)
Similar to the Ethereum blockchain, the Cosmos protocol enables the development of decentralized applications (dApps).
The Cosmos network is powered by Tendermint and Byzantine Fault Tolerant algorithms and allows DeFi protocols to thrive in a low-cost, energy-efficient, and superfast platform.
Each dApp, called zones, connect to the Cosmos Hub which is also known as the ‘Internet of Blockchain.’
Here, digital assets and tokens are transferred between hosted protocols easily and seamlessly. Cosmos also sports a software development kit (SDK) which breaks the complexity concerning blockchain functionalities like governance, token and staking down.
ATOM has seen significant gains since the start of this year.
Currently trading @ 37 usd with a market cap of 8.3 billion. Trading at 16% below its all time high which was on Sep 20th 2021
At the time of writing, its price was up 426% since Jan. 1, according to CoinMarketCap data. It hit a new all-time high of $44.70 on Sept. 20.
!!!!!!! One thing that’s driven Cosmos’ price increase is the launch of its first decentralized finance (DeFi) interface. Other factors are its integration with Ethereum (ETH), which currently hosts the lion’s share of DeFi applications, and its interoperability with Bitcoin (BTC).
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