Cosmos /ATOM

What is Cosmos Cryptocurrency?

Referred to as the "Internet of Blockchains," Cosmos is a popular Layer 0(zero) decentralized network designed to improve the existing limitations of the blockchain platforms, particularly issues related to scalability, interoperability, and usability. It eliminates the downsides in traditional systems, including Bitcoin or Ethereum, which tend to have low transaction efficiency, high transactional energy, and problems with interoperability. 

By connecting different blockchains through one central interchain mechanism called the Cosmos Hub, Cosmos provides infrastructure that links and enables communication between different blockchains, facilitating an ecosystem of interoperable decentralized networks. 

The role of the ATOM coin, which is the native digital currency of the Cosmos ecosystem 

The coin is designed principally to be used for the purpose of facilitating activities on the Cosmos Hub where it helps to secure the network through a Proof-Of-Stake consensus.

Use Cases of the Coin in the Blockchain

• Staking: Users may engage in the staking of ATOM and thereby earn rewards by becoming validators and helping to secure the network.

• Governance: ATOM holders can vote on proposals that will affect the workings of the network and its design.

• Transaction Fees: Transaction fees are paid in ATOM to avoid spamming and ensure that the network remains operable.

What makes Cosmos Unique?

With its focus on enabling blockchain interoperability and scalability, Cosmos’s architecture is made to accommodate thousands of independent but interconnected blockchains. That is why COMETBFT (which was formerly known as TendermintBFT) serves as a high-speed and secure distributed consensus mechanism for its chains. The BlockChain Inter-Blockchain Communication (IBC) Protocol allows any blockchain to be connected and communicate, while the COSMOS SDK gives the means to create one’s blockchains and dApps.

The Cosmos (ATOM) token is highly advantageous to users as well as to the blockchain ecosystem. It has an interoperable nature, which enables simple transfer of tokens over different chains thus increasing their use cases and utility. Its scalability allows the network to manage a high volume of transactions over several parallel blockchains hence improving performance.

 Also, the ATOM staking mechanism helps to lock the tokens and maintain the network in a secured and decentralized manner thus enabling the users to take part in the governance of the system. For these reasons, Cosmos addresses the challenges faced by blockchain technology as a custom, efficient platform that encourages the diversification of the ecosystem.

Who Are the Founders Of The Cosmos Crypto Project?

The pair Jae Kwon and Ethan Buchman founded Tendermint Inc, under which Cosmos development started in 2014. In 2016, the team published the project’s so-called whitepaper. The Cosmos mainnet went live in 2019.

What Is Cosmos Network's History & Who Are The Founders?

The year 2014 marks the birth of Cosmos. This is when Jae Kwon created the first version of Tendermint, which was a novel way of achieving consensus using Byzantine Fault Tolerance (BFT) among others, hardly losing security with the slasher mechanism. It certainly did solve some issues with the current Proof of Stake (PoS) systems. Towards the end of 2014, there emerged a group of cryptocurrency scholars, some of whom included Vitalik Buterin and Vlad Zamfir, who shared a common interest in the capabilities of PoS technologies, this led to the establishment of the CryptoCurrency Research Group (CCRG)

In 2015, Jae Kwon was joined by Ethan Buchman, with whom they continued to work on the Tendermint software and its many components, including the Application Blockchain Interface (ABCI) to enable the separation of application from consensus logic. By 2016 the two turned their sights towards building the Cosmos vision, which sought to create an ‘Internet of Blockchains’. Towards this end, they wrote the Cosmos whitepaper which advocated for a network built on Tendermint and the Inter-Blockchains Communication (IBC) protocol. By this time, a round of investment to advance this project was obtained for the first time in history.

In February 2017, the Interchain Foundation (ICF) was incorporated in Switzerland to provide governance and resources to the Cosmos ecosystem. The new core members of the All in Bits firm, which had been added the previous year, were actively involved in such efforts with the development of the Cosmos SDK and several initiatives in the ecosystem during the year 2017. By the beginning of 2018, work on the Cosmos SDK, which sought to ease the process of developing a blockchain, was in progress.

The testnet program expanded significantly throughout 2018, culminating in the Game of Stakes, an incentivized testnet that rigorously tested the Cosmos software. By the end of 2018, preparations were underway for the highly anticipated launch of the Cosmos Hub, which would solidify the vision of a decentralized, interoperable blockchain network.

How Does Cosmos(ATOM) Crypto Work?

Cosmos allows application developers to build their blockchains which allows greater decentralization and increased interaction in the entire network. Some of the essential aspects include Tendermint which comes with a consensus engine (Tendermint Core) and the Application Blockchain Interface (ABCI) that makes it easy for the operators in networking and consensus. Cosmos-SDK is a versatile framework that is optimized for security and flexibility, and it is used in projects such as Cronos, a Layer-1 blockchain solution. Furthermore, the Inter Blockchain Communication Protocol provides advanced communication capabilities among all the blockchains in the Cosmos network, thus enabling them to work together.

The Cosmos SDK is loaded with functions allowing users to develop specific blockchains for different end-users and use them in diverse sectors such as gaming and medicine and link to over 100 chains that use IBC to increase their users and liquidity. Take for example Cronos, developed over the Cosmos SDK as an EVM chain. The retina integrator integrated with Tendermint enables Cronos to have instant finality making movements of assets across Layer 1 and Layer 2 EVM chains possible within adventures using IBC in the middle.

However, construction within the cosmos's domain has experienced an upsurge most of them being exemplary projects. Due to the chain’s identity, applications built on the Ethereum blockchain can seamlessly & more easily be credited to the Cronos chain; while Celestia makes it to the books as the first-ever protocol for building modular data availability blockchains by the lab of Celestia. Such developments explain the dynamic nature and the spirit of synergy existing in the Cosmos space hence its relevance in the world of cryptocurrencies.

ATOM(Cosmos) Coin Performance Highlights

ATOM was launched in March 2019 as the native cryptocurrency of the Cosmos network, created by the Interchain Foundation to facilitate interoperability among blockchains. The project was designed to enable decentralized applications (dApps) to communicate and share data seamlessly across different networks. The Interchain Foundation held a two-week initial coin offering (ICO) of the ATOM token in 2017, at the time raising over $17 million.

Circulating Supply and Economic Model
ATOM does not have a fixed maximum supply; instead, it utilizes a dynamic inflation model that allows for a gradual increase in the supply of ATOM tokens over time. This inflation is designed to incentivize staking and secure the network through validator nodes. As of 2024, the circulating supply of ATOM is approximately 390 million tokens, and the current market price is around $10.12.

What is the All-Time-High(ATH) And All-Time-Low(ATL) Of ATOM Coin? 
ATOM reached its All-Time High price of $44.5 in January 2022 and its All-Time Low of $1.16 in March 2020. Its design, focusing on scalability and interoperability, has made it a prominent player in the cryptocurrency landscape, attracting interest from developers and investors alike.

ATOM Coin Compatible Wallets

The Cosmos network's very own ATOM coin and several other prevalent wallets work together to improve usability and interoperability across the Cosmos network. Here are some of the notable wallets that have ATOM support:

• Keplr: With over 900,000 users, Keplr is the leading wallet providing services with interoperability in mind and usability enhancement being put high on the list, thus many ATOM users prefer this wallet.

• Leap: This wallet has a user base of more than 250000 and in addition to IBC supports in-wallet staking and rewards, governance, and DeFi services across 50+ chains.

• Cosmostation: This is a non-custodial wallet that's managed by over 200,000 users offering ease if use and safety in its services to customers.

• Citadel One: Thanks to the seamless interface design, Citadel One has managed to grow its users to over 150,000 by offering an all-in-one solution for several networks making it convenient for ATOM users.

Where Can I Trade The ATOM Token?

As of 2024, more than 30 cryptocurrency trading platforms, both centralized and decentralized, offer the opportunity to trade ATOM tokens.

• Centralized Exchanges

The foremost CEX platforms that account for a significant percentage share of the trading volume include the Binance and the Coinbase exchanges. Other important CEX platforms are Kraken, KuCoin, Huobi, and Bitfinex.

Exchanges open for the US markets consist of Binance US, Coinbase Exchange, Kraken, and Gemini.

• Decentralized Exchanges

ATOM is also traded on DEXs with an emphasis on Osmosis, which is the compatible exchange within the Cosmos ecosystem. Other most common DEXs where ATOM trading is applicable are Uniswap, SushiSwap, and PancakeSwap which facilitates cross-chain trading.

• Commonly traded ATOM pairings

ATOM/USDT, ATOM/USD, ATOM/EUR, ATOM/BTC, ATOM/ETH.

COSMOS(ATOM) Coin Prediction For The Year 2025-2030

According to Coinpedia, the future price prediction of Cosmos for the Years 2025 to 2030 would be forecasted as follows:

• 2025: The Cosmos price will increase reaching a possible high of $18.76, a possible low of $9.25, and an average price of $13.92.

• 2026: The price can rise up to 30.35 dollars ceiling, Where a safe floor price will be $15.20 and the average price since the middle of this year will be $22.78.

• 2027: The highest price prediction of Cosmos is $ 36.40 and the lowest is $ 17.73 which gives a mean of $ 27.29

• 2028: The currency may develop and rise to the highest ($45.21) and the lowest ($21.31) together with an average price of $35.96.

• 2029: In this year, it is expected that Cosmos may reach a high of $49.22 where in the low price would be $25.73, while the average would be $37.94.

• 2030: Cosmos might hit a peak value of $56.71, as the lowest will be at $34.12 and the mean price will be $45.36.