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Cosmos (ATOM) is a blockchain ecosystem designed to enable different blockchains to work together seamlessly, often called the "Internet of Blockchains." It is designed to address challenges such as scalability, usability, and interoperability in blockchain technology and is often regarded as a significant contributor to the industry.
This coin is available on Newton.
The Cosmos network uses the ATOM token, which is primarily used to pay for transaction fees, stake for network security, and participate in governance decisions. Users can stake ATOM to support the network while earning rewards, which depend on the amount of ATOM staked.
Cosmos relies on the Tendermint BFT engine, a high-performance consensus mechanism that combines Proof-of-Stake (PoS) security with fast transaction speeds. This makes Cosmos efficient and energy-friendly, unlike traditional Proof-of-Work systems.
The Cosmos Software Development Kit (SDK) allows developers to create custom blockchain applications tailored to specific needs. This modular framework is used by several projects, including Ethereum-compatible chains, to build scalable and interconnected networks.
Backed by the Interchain Foundation, Cosmos aims to drive blockchain innovation by fostering an ecosystem where independent chains can communicate and share data, it is often regarded as a distinctive and influential tool in the blockchain world.
Cosmos uses the Tendermint BFT engine as its core consensus mechanism, which ensures fast and secure validation of transactions while supporting a Proof-of-Stake system. Validators maintain the network’s integrity by staking ATOM, providing a strong security foundation.
The Cosmos Software Development Kit (SDK) simplifies the creation of blockchain applications by offering pre-built tools and modules. Developers can use this to build custom blockchains that are interoperable with others on the Cosmos network.
The Cosmos network consists of the Cosmos Hub and zones, where the Hub serves as the central blockchain connecting various independent blockchains. These zones can transfer data and tokens using the Inter-Blockchain Communication (IBC) protocol.
Staking ATOM plays a crucial role in maintaining the security of the Cosmos Hub and other connected chains. Validators and delegators earn rewards based on the amount of ATOM staked, incentivizing participation and ensuring the network remains decentralized and secure.
By offering a framework for interoperable and scalable blockchain applications, Cosmos provides a foundation for projects to innovate while remaining connected to a larger ecosystem.
Cosmos (ATOM) is a decentralized ecosystem of interconnected blockchains designed to solve the challenges of scalability and interoperability in the blockchain industry.
Cosmos provides a set of open-source tools that streamline blockchain development without requiring extensive coding knowledge.
The Cosmos Hub was the first blockchain launched within the Cosmos network, acting as the central ledger for the ecosystem.
ATOM is the native token of the Cosmos network, powering various functions within the ecosystem.
Cosmos is often viewed as well-suited for developing interoperable blockchain applications across industries such as finance, gaming, and healthcare. Its flexibility and scalability make it suitable for any application requiring secure and efficient data exchange.
In finance, Cosmos enables cross-chain functionality, allowing assets and data to flow seamlessly between blockchains. This capability enhances decentralized finance (DeFi) applications by fostering liquidity and reducing barriers for users.
The gaming industry benefits from Cosmos through the creation of interconnected gaming platforms, where assets like tokens and collectibles can move between games. This establishes new opportunities for player engagement and monetization.
Healthcare systems can use Cosmos to securely share data between institutions, improving collaboration while maintaining patient privacy. The Cosmos network is also being used to build supply chain applications that ensure transparency and traceability.
By connecting blockchains through the Cosmos Hub, the network creates an environment for diverse applications to thrive, offering developers the tools to create innovative solutions while ensuring security and interoperability.
Cosmos was founded by Jae Kwon and Ethan Buchman, who introduced the Tendermint BFT engine in 2014 to address blockchain scalability and security issues. Their collaboration laid the groundwork for the Cosmos network.
In 2016, the Interchain Foundation was established to oversee the development of Cosmos and its underlying technologies. The team conducted a successful ICO in 2017, raising $17 million to fund the project’s growth.
The Cosmos Hub, the first blockchain on the network, launched in March 2019, introducing staking and governance mechanisms using the ATOM token. Since then, the network has seen significant adoption and expansion.
The Cosmos price has increased as the ecosystem grew, with more projects being established on the Cosmos network and staking ATOM becoming a popular way to earn rewards. The amount of ATOM staked reflects the network’s growing user base and trust.
By connecting blockchains like Ethereum and Cosmos, the network is often seen as advancing interoperability, which is considered a key aspect of blockchain technology, while gaining recognition as an influential player in the space.
Cosmos is often noted for its modularity and focus on blockchain interoperability, which some see as distinguishing it from platforms like Ethereum.
Cosmos provides a comprehensive set of open-source tools to simplify blockchain creation and integration.
The leadership transition within Cosmos in 2020 marked a pivotal point for its growth and strategic direction.
Safely store your Cosmos (ATOM) tokens in private wallets or platforms like Newton. Whether you’re holding for the long term or waiting for Cosmos to hit a new peak, secure storage ensures your investment stays protected.
Cosmos staking involves delegating ATOM tokens to validators participating in the network's consensus algorithm. These validators validate transactions, produce blocks, and secure the blockchain. By staking, you contribute to the network's stability while earning rewards.
Cosmos (ATOM) tokens can be used for payments with merchants or services that accept cryptocurrency. Using ATOM brings the power of digital assets into your daily transactions.
Sending Cosmos (ATOM) is fast and affordable, thanks to the network’s efficiency. Transactions are almost instant, highlighting the speed and reliability of blockchain technology.
Making a difference is easy with Cosmos (ATOM). By donating, you can support global initiatives while benefiting from the transparent valuation provided by real-time market rates.
Swapping Cosmos (ATOM) for other cryptocurrencies like Ethereum or Bitcoin is straightforward on various trading platforms that supports Cosmos swapping. This flexibility helps you diversify your portfolio based on market conditions, including tracking price movements over the last 24 hours.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Buying ATOM directly from individuals or unregulated sources might seem convenient but comes with significant risks. Without the protection of a trusted platform, you could face unreliable sellers, unregulated systems, or even scams.
A regulated cryptocurrency platform, like Newton, is the safer way to purchase Cosmos (ATOM) in Canada. Newton allows you to securely fund your account using Interac e-Transfer or wire transfer, giving you access to buy ATOM alongside over 70+ other cryptocurrencies. Its user-friendly design ensures a seamless experience for beginners and experienced traders alike.
Newton offers competitive pricing for ATOM, enabling Canadian investors to purchase it at market-leading rates. Its high trading volume ensures efficient order execution and tight spreads.
Newton employs industry-leading security measures, including multi-factor authentication and device monitoring, to protect your ATOM holdings. With Newton, you can trade with confidence, knowing your assets are safe.
Newton makes it affordable to buy and sell ATOM, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton is fully compatible with desktop and mobile devices, giving you access to your ATOM cryptocurrency holdings anywhere, anytime. Its cross-device functionality makes it convenient for traders on the go.
Newton’s intuitive platform caters to both beginners and advanced users, simplifying the buying, selling, and managing of ATOM. The platform ensures smooth navigation and quick transactions.
Newton offers a trusted and locally tailored trading experience for Canadian users. Its focus on transparency and reliability ensures that you feel secure when managing your ATOM investments.
Sign up on Newton to begin, the simple registration process gives you access to buy, sell, and manage ATOM along with a range of other cryptocurrencies. By joining Newton, you unlock a secure and user-friendly platform to manage your crypto investments.
Add funds to your Newton account in CAD using Interac e-Transfer or wire transfer. These methods ensure fast and secure funding, enabling you to trade ATOM without delay. Once your account is funded, you’re ready to explore ATOM and other cryptocurrencies on Newton.
After funding your account, search for ATOM on the Newton platform. Cosmos is renowned for its cross-chain capabilities, making it a popular choice among investors. Newton’s straightforward interface ensures an easy process to purchase ATOM.
Locate ATOM within Newton’s extensive list of supported cryptocurrencies. Its role in facilitating blockchain interoperability and decentralization has made it a popular choice for traders and developers. Selecting ATOM is as simple as clicking a button to prepare for your transaction.
Decide how much ATOM to purchase, either in token quantity or CAD value. Newton’s platform offers flexibility, allowing you to tailor your purchase to your financial goals. Whether you're investing for the long term or managing your portfolio, you stay in control.
Review your transaction details carefully before confirming. Once completed, your ATOM tokens will be added to your account and ready for trading or holding. Newton ensures that every step of your purchase process is secure and straightforward.
Using a personal wallet for your ATOM gives you complete control over your tokens and private keys. This approach enhances security and privacy but requires careful management to prevent key loss. Personal wallets are ideal for users prioritizing autonomy in their asset management.
You can directly store your ATOM on Newton! Newton provides a secure and convenient storage option for your ATOM holdings. With advanced protections like multi-factor authentication and real-time monitoring, the platform ensures the safety of your assets while offering easy access for trading or holding. Newton’s security features make it a reliable choice for storing your ATOM.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Cosmos, please see our Asset Statement.
