What are Cryptocurrencies- Cosmos

ATOM is the token for the Cosmos network. Cosmos aims to create the infrastructure that allows for interoperability between unique blockchains. Cosmos was one of the pioneering modular protocols in that it is separated into distinct layers: the application layer, the networking layer, and the consensus layer.
Date
May 13, 2024
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ATOM is the token for the Cosmos network. Cosmos aims to create the infrastructure that allows for interoperability between unique blockchains. Cosmos was one of the pioneering modular protocols in that it is separated into distinct layers: the application layer, the networking layer, and the consensus layer. This modular approach simplifies the creation of new blockchains allowing developers to utilize pre-existing open source code sets. This allows for faster build times, enhanced security, and diverse utility.

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In 2022 the Inter-Blockchain Communications (IBC) protocol was released into the Cosmos ecosystem and is now a standard for connecting disparate blockchains. Cosmos relies on Proof-of-Stake consensus to secure their network. The ATOM token serves as the gas and staking reward, as well as providing a mechanism for voting on protocol upgrades. ATOM has an unlimited supply, similar to ETH. The tokenomics favor transaction throughput rather than simple price action. The value of ATOM is in the massive network effect of the COSMOS ecosystem with many new protocols being developed daily. TIA and KUJI are great examples of successful blockchains launched within the Cosmos network. 

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We believe that ATOM will serve a significant role in the expansion of blockchain technology over the next few years. As more projects are created and deployed the demand for ATOM, to be used as gas, will increase, thereby increasing the value of the token. Use the information available at CoinMarketCap to help you make your investment decisions.

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