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What is Cosmos Hub?
Cosmos Hub is the central blockchain within the Cosmos ecosystem, designed to facilitate interoperability and secure communication between independent blockchains, known as zones. It serves as a communication and security layer, connecting these zones and enabling interaction within the ecosystem.
How does Cosmos Hub work?
Cosmos Hub operates using the Tendermint Byzantine Fault Tolerant (BFT) consensus algorithm, a high-performance Proof-of-Stake (PoS) mechanism. It uses the Inter-Blockchain Communication (IBC) protocol to enable interoperability between connected blockchain networks. The Cosmos Hub supports smart contracts through CosmWasm, and provides security to other blockchains in the ecosystem via Interchain Security, allowing them to utilize Cosmos Hub’s validator set.
What are the potential use cases for Cosmos Hub?
The Cosmos Hub offers several potential use cases, including governance, interoperability, and economic security for other blockchains. Real-world applications include projects like Elys Network, which utilises Interchain Security, and platforms such as Stride and Neutron that have adopted Replicated Security. Industries leveraging Cosmos Hub include decentralised finance (DeFi) and blockchain interoperability.
What is the history of Cosmos Hub?
The Cosmos Hub was founded by Ethan Buchman and Jae Kwon, with the foundational technology, Tendermint, created in 2014. The whitepaper was written in 2016, and the mainnet launched in 2019. Significant milestones include the release of the Stargate update in 2020, enabling IBC functionality, and subsequent growth in the ecosystem. The technology has evolved with updates to systems like the Cosmos SDK and improvements in security and interoperability.
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Frequently Asked Questions (FAQs)
What is the current price of ATOM (ATOM)?
The ATOM price is $11.19 AUD, representing a +12.77% from the day prior.
Where is the best place to buy ATOM (ATOM) in Australia?
The best place to buy ATOM (ATOM) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell ATOM (ATOM) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of ATOM (ATOM)?
The trading volume of ATOM (ATOM) is $527.8M AUD in the last 24hrs, representing a +12.77% from the day prior.
How can I buy ATOM (ATOM)?
ATOM (ATOM) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of ATOM (ATOM)?
The current market cap of ATOM (ATOM) is $4.4B AUD.
Can I convert ATOM (ATOM) to cash?
Yes - With Coinstash you can convert your ATOM (ATOM) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many ATOM (ATOM) are there?
The current circulating supply of ATOM (ATOM) is 390.7M.
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