8 Wednesday July 2020
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Cosmos News

Cosmos News (ATOM)

Cosmos (ATOM) is part of the Cosmos Blockchain initiative - a technology that aims to become the “Internet of blockchains” and solve problems once and for all. In our Cosmos news crypto today, we are exploring the altcoin in a variety of ways. The architecture behind the Cosmos Blockchain system and the ATOM cryptocurrency consists of several independent blockchains known as “Zones” attached to a central blockchain called “Hub.” As the official Cosmos whitepaper shows, these zones are “powered by Tendermint Core, which provides “a high-performance, consistent, secure PBFT-like consensus engine, where strict fork-accountability guarantees hold over the behaviour of malicious actors.” As you will see in our Cosmos news today, the team behind this blockchain is supported by the Interchain Foundation. There is a brilliant team led by Jae Kwon as the CEO and Ethan Buchman who is CTO and co-founder.

Cosmos Blockchain News, ATOM Price News, Cosmos ATOM Updates

Knowing that the Cosmos news crypto are always exciting, the price of ATOM reflects in a similar way. So far, there have been a lot of ups and downs for Cosmos (ATOM) in the market charts. However, the good news is that ATOM managed to increase in its value a lot over the years. Cosmos integrates processing and verification hubs to keep everything running smoothly and together. While Hubs use a Proof-of-Stake (PoS) consensus to validate Tendermint transactions, the project has gained $9 million in VC funding from major firms. The Cosmos mainnet launched on March 14, 2019 and was hailed as a strong project. However, our Cosmos cryptocurrency news showed that a summer attack exposed one vulnerability which would be costly if it is not fixed soon.

ATOM Token Price, ATOM News, Cosmos Daily Charts & More

ATOM is not mined - instead, the token is earned via a hybrid PoS algorithm. So, the more ATOM is staked, the more likely it is to become a validator node and validate transaction, earning tokens. However, it is also possible to delegate your tokens and receive a portion of the rewards. This and a lot of other updates are part of our Cosmos Blockchain news, ATOM price news and other updates - all of which can be seen below.
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