The current price of Cosmos is $6.4540. Since 00:00 UTC, Cosmos has decreased by -0.11%. It currently has a circulating supply of 390,688,370 ATOM and a maximum supply of 390,930,035 ATOM, giving it a fully diluted market cap of $2.53B. At present, the Cosmos coin holds the 26 position in market cap rankings. The Cosmos/USD price is updated in real-time.
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Cosmos is a decentralized hub bridging multiple blockchains using Byzantine Fault Tolerance (BFT) consensus algorithms like Tendermint. This pioneering platform not only aspires to knit together diverse blockchains but also to enhance their collective functionality. With a unified vision, the Cosmos team aims to break down barriers, envisioning a cohesive blockchain realm, all under the Cosmos umbrella.
What Is Cosmos
Cosmos, often called the “internet of blockchains,” seeks to revolutionize the blockchain industry by addressing major challenges like scalability and interoperability. It does so by fostering communication between distributed ledgers without relying on a centralized server.
The Cosmos ecosystem comprises application-specific sidechains named “Zones.” These Zones are interconnected through the Cosmos Hub, similar to Polkadot's parachain model.
ATOM, its native token, facilitates governance voting and strengthens security through staking.
The Cosmos team
Cosmos was developed by the Tendermint team. Its co-founders, Jae Kwon, the mastermind behind the Tendermint consensus algorithm, and Ethan Buchman, have rallied a team of adept blockchain developers, cryptographers, and computer scientists.
How does Cosmos work
Cosmos utilizes a "hub and spoke" architecture, where the Cosmos Hub acts as the central hub, and various independent blockchains, referred to as “Spokes,” connect to it. These independent blockchains, known as Zones, leverage the Tendermint consensus protocol and communicate with the hub using the Inter-Blockchain Communication (IBC) protocol.
In contrast to many platforms that depend on smart contracts for inter-chain interactions, Cosmos introduces an open-source tool that allows developers to design and develop decentralized blockchain applications. Additionally, Cosmos offers software development kits (SDKs) to streamline the creation of these applications.
ATOM tokenomics
ATOM is the native token of the Cosmos network. It underpins the network's Proof of Stake (PoS) consensus model, with validators and delegators staking ATOM tokens to bolster security and partake in consensus. Moreover, ATOM holders possess governance rights, influencing the trajectory of the Cosmos network through their votes. ATOM can also be used to pay transaction fees or staked for additional rewards. An annual inflation rate of 7 percent to 20 percent incentivizes ATOM holders to stake their tokens.
Distribution of ATOM
ATOM was initially distributed as follows:
35 percent earmarked for staking rewards
30 percent disseminated to partner exchanges to ensure liquidity
10 percent set aside for the Interchain Foundation
10 percent remains with Tendermint
15 percent was allocated to the team and investors
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 6K new posts about Cosmos, driven by 1.3K contributors, and total online engagement reached 11M social interactions. The sentiment score for Cosmos currently stands at 77%. Compared to all cryptocurrencies, post volume for Cosmos currently ranks at 721. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Cosmos.
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Posts
5,955
Contributors
1,300
Interactions
11,387,955
Sentiment
77%
Volume rank
#721
X
Posts
4,128
Interactions
5,194,818
Sentiment
81%
ATOM FAQ
How much is Cosmos worth today?
Currently, one Cosmos is worth $6.4540. For answers and insight into Cosmos's price action, you're in the right place. Explore the latest Cosmos charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Cosmos, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Cosmos have been created as well.
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