Cosmos 'Internet of Blockchains' Links Up With DeFi Oracle Band Protocol
Cosmos-based blockchains can now access numerous data feeds provided by decentralized oracle Band Protocol.
Cosmos price
(ATOM)
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$39.26
+10.83%
Market stats
$8.7B
$2.6B
221.6M ATOM
34 days
#18
About Cosmos
Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain. ATOM holders can stake their tokens in order to maintain the network and receive more ATOM as a reward.
How it works
The main idea of Cosmos is to allow for faster and cheaper decentralized applications — anything from an NFT marketplaces to decentralized exchanges — by allowing them to run on their own dedicated blockchains.
All of these independent blockchains (called “zones”) are interconnected by the Inter-Blockchain Communication protocol, or IBC. Cosmos also provides developers with prebuilt modules that allow them to quickly create blockchains that are completely customizable for their specific use case.
The Cosmos consensus engine, IBC protocol, and software developer kit are designed to enable ease of use and interoperability between chains, while maintaining the security and transaction cost and speed developers would expect from other leading blockchain platforms.
Keep in mind
You can earn rewards by staking ATOM via Coinbase.
Released: March 2019
Cosmos is on the rise this week.
The price of Cosmos has risen by 43.60% in the past 7 days. The price increased by 10.83% in the last 24 hours. In just the past hour, the price shrunk by 0.21%. The current price is $39.262 per ATOM. Cosmos is 4.89% below the all time high of $41.28.The current circulating supply is 221,601,834.194 ATOM.Top stories
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