Cosmos aims to link up many crypto networks with open-source tools that allow for cross-chain transactions. Unlike many other types of cryptocurrency, Cosmos and the Cosmos cryptocurrency (ATOM) exist to serve other networks to create a scalable, decentralized blockchain web. What Is ATOM Coin?
What is Cosmos (atom)?
What is Cosmos? (ATOM) Heralded as an “Internet of blockchains” by its founding team, Cosmos aims to create a network of crypto networks united by open-source tools for streamlining transactions between them. It’s this focus on customizability and interoperability that sets Cosmos apart from other projects.
What is the atom cryptocurrency?
The ATOM cryptocurrency powers the Cosmos Hub proof-of-stake blockchain. This token is the Cosmos coin and an important part of blockchain interoperability on the Cosmos network. Users can earn ATOM tokens via a hybrid proof-of-stake algorithm and help to secure the Cosmos Hub.
What are Cosmos tokens?
The Cosmos network has implemented two tokens: ATOM is the staking coin that is mainly used for governance. By staking ATOM, the zone validators can join the hubs, with an option to have their stake reduced by misbehaving in their zones. Photons are the coins used for the payment of the transaction fees within the Cosmos platform ecosystem.
