Cosmos, the ATOM Crypto And Tokize’s-2024 Review

€ 9.1802

1.7554
Dernière mise à jour à 03:02:04 UTC
Market Cap
€ 2,280,856,262.75
Fully Diluted Market Cap
€ 2,280,856,262.75
Volume
€ 79,940,412.16
Circulating Supply
248,453,201.00 ATOM

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Last updated at 03:15:04 UTC

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Have You Seen the Cosmos of All Things Blockchain?

In 2024, there’s no shortage of cryptocurrencies on the market. We don’t have to remind you about bitcoin, ether or Elon Musk’s infamous support of dogecoin. Investors and enthusiasts who are looking for A LARGER VARIETY of crypto to amass, however, are at the right place. 

What we have to say about Cosmos’s future blockchain and the ATOM token supporting it is worth a few minutes of reading. Uncover the architecture, assess its real value and create an investment strategy for your Cosmos staking. You’ll find all of the info you need right here.  

You’ll soon be able to decide if Cosmos is a good investment and what to do with it. 

Where ALL Blockchains Work as One

What Is Cosmos?

Emerging in the decentralization market is a software package so diverse that even Ethereum users can build atop it. You may not know the differences between layer 0, 1, and 2 blockchains, but the Cosmos ecosystem covers them all. The developers leading blockchain and crypto today deal with a unique challenge in integrating DLT technology into society. 

Those challenges of interoperability and interconnectivity are solved by the Cosmos blockchain. Whereas chains like Bitcoin, for example, aren’t built to adapt other ledgers into it, Cosmos is. Imagine, just for one second, all of the world’s Distributed Ledger Technologies (DLTs) integrated on one platform that is accessible by anyone willing to open up a free account. 

This promise, which is being called “interoperability,” has already taken way. Over 248 chains have interlooped into Cosmos’s network so far, and the names might surprise you. Crypto.org is supported by Cosmos. Binance Chain and Terra are built atop this ecosystem as well. 

You don’t have to ask us directly if Cosmos is a good investment.

Well over $43 billion in infrastructure is being managed through Cosmos Hub. 

Now do you really want to know what Cosmos is?

Here are a few of the active applications that are powered by the Cosmos crypto in USD:

  • Fetch.ai: An application that integrates AI into decentralized finance (DeFi) markets
  • e-Money: An interoperable platform that expedites transactions between blockchains
  • Coinex: A leading decentralized exchange (DEX) to buy your crypto from

Projects, like DYDX, have even left the Ethereum blockchain to migrate into Cosmos. Binance and Terra are examples of the partners that make Cosmos’s future more relevant than ever. 

Binance

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

History of the Cosmos

The longevity of Cosmos is evident. Its birth in 2014 ignited the Tendermint engine, which operates the heart of Cosmos staking and creates its interoperability. Later in 2016, the chain’s whitepaper proposed the promises of a network of DLTs versus a single one. 

That vision grew from a 1988 code created by an MIT team that resulted in what they called the Byzantine Fault Tolerance. The BFT protocol is a model in which Cosmos’s Tendermint now follows. As the pieces came together in 2016, so did the launch of the cryptocurrency “ATOM.”

The founders involved with Cosmos’s inception included Zatko Milosevic, Ethan Buchman and one-time CEO, Jae Kwon. The latter not only edited Cosmos’s whitepaper, but he remains a central leader in establishing the direction of Cosmos’s future and its awe-inspired features. 

Pheng Zhong has since taken over as CEO though Cosmos founder, Jae, remains involved. 

Overall, Cosmos’s-crypto launch had perfect timing, for it was positioned to benefit from 2021’s famous bull run. Crypto was on the market, and everyone wanted a coin to call their own. The ATOM token, which Cosmos supports, invited new investors into the blockchain’s future

The value of Cosmos was finally set in USD.

What’s the purpose of Cosmos?

Cosmos’s staking exists to enable all of the world’s blockchain to interact, communicate and function WITH one another. Scalability, accessibility and functionality are the results, for with interconnectivity, the limitations of any single blockchain no longer leaves it isolated.

The Purpose Behind Cosmos Staking
Cosmos price prediction

The Cosmic future, the layer-0 blockchain

In the blockchain industry, there are three levels of programming that DLTs categorize under. You are likely aware of the most common level, layer 1, which Bitcoin, Ethereum and Cardano function on. Layer-1 chains operate independently and can’t communicate with other networks.

This is where the benefit of developing layer-0 DLTs starts to make sense.

Atop a layer-0 blockchain, Cosmos staking provides the necessary architecture for layer 1 blockchains to be developed and communicated with. This enables many blockchains to become a single ecosystem, which is what Algorand and Polkadot, being layer 0s, also achieve. 

To make Cosmos even more versatile, the founders enabled layer-2 applications to be built atop its own architecture. Layer-2 applications are those that expand the function of layer 1.

An example of Cosmos as an “SMTP server”

Before “Simple Mail Transfer Protocols” (SMTPs) were launched, email inboxes from different providers couldn’t send emails to each other. Being on different networks, like being on different blockchains, posed a true problem. To, instead, become interconnected, “SMTP” was created.

The challenge of networks communicating also exists within the development of different blockchains. Overcoming this means that blockchains never have to remain isolated. 

How Does Cosmos Work?

Cosmos is divided into three ecosystems, and each is responsible for managing a specific feature of the future Cosmos network. These three aspects of Cosmos’s staking include: 

  • Application—Being called Cosmos SDK, this aspect of Cosmos is where transactions are managed and recorded.
  • Networking—Being what it implies, this level communicates and networks with other blockchain ecosystems.
  • Consensus—Being designed for validation, this aspect organizes and manages network nodes by confirming their blocks in Cosmos-crypto transactions.

A Better Look: Four Key Aspects In Cosmos’s Execution

How Cosmos Works

#1. Tendermint BFT

Tendermint BFT is given to developers as a user package to leverage Cosmos’s Networking and Consensus layers. Tendermint BFT is autonomous, so developers don’t need to code the system functions of layer-1 blockchains themselves. Tenermint is also upgraded every year. 

*Tendermint was upgraded to CometBFT in 2023. Additional protocols supporting networking will also be introduced, and this will affect Cosmos’s ABCI-connectivity protocol.

#2. Cosmos SDK

As for making development easier for coders, the network offers a library of pre-coded modules through its Cosmos SDK package. Modules cover governance and staking functions that can be extracted and then used through an open-source library. 

 *The Cosmos SDK library is routinely updated, making Cosmos the future WordPress of blockchain. It enables developers, without coding skills, to create their own applications. 

#3. Inter-Blockchain Communication (IBC)

The IBC protocol transfers data between different layer-1 blockchains that belong to the Cosmos ecosystem. Though it’s important for external chains to communicate, the communication within the Cosmos infrastructure, itself, is also streamlined. 

*Inter-Blockchain Communication protocols are designed to be as flexible as possible. They enable the variable functions of a blockchain to continue regardless of its interconnectivity.  

#4. Development Zones and Hubs

In its infrastructure, Cosmos organizes various services and functions through zones. Through its central Cosmos Hub, the blockchain provides isolated platforms in the field of blockchain. They include ecommerce, gaming and NFT markets to develop applications on. 

*Each zone focuses on specific functions and isolates them as a specific service area.

Price Action for ATOM Crypto
Cosmos price chart

How to Buy ATOM Tokens In USD?

Before rushing out to buy the Cosmos crypto, consider how many ways you can invest into it.

Its versatility can help you decide if Cosmos is a good investment

You see, Cosmos operates on a proof-of-stake (PoS) system that invites you not only to trade its token in USD but to stake it. Unlike the proof-of-work networks so many blockchains use, the PoS structure gives investors the potential of earning more coins by first returning a few. 

ATOM is the Cosmos staking cryptocurrency, and it, even with USD fiat, cannot be mined.

If you rather not work to validate transactions by staking your ATOM coins, then buying this crypto from a secure exchange is your best bet. There are many exchanges to choose from. 

Binance

Binance Exchange for Your ATOM Tokens

Binance is leading the world as a reliable exchange to buy or sell cryptocurrencies on. Opening an account with this exchange is seamless and calls for you to verify your bank data and your identity. Once you do, you get unfettered access to all the ATOM coins you want.  

As a secure crypto exchange, Binance is known for:

  • Great liquidity for entering and exiting crypto positions in USD
  • A large selection of coins and crypto pairs in various currency denominations
  • A simple platform that any level of investor can easily use or navigate

Binance

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

Coinbase

Trade ATOM Through Coinbase

The freedom of choice offered by Coinbase makes it a platform we couldn’t leave out of the mix. Once you verify your identity and bank data, you get access to live spot prices for ATOM tokens and solid pairs to trade alongside it. There’s even a portal to stake Cosmos crypto through.

As a flexible CEX on the market, Coinbase offers: d

  • Great education material for new and seasoned crypto investors
  • Account transparency to keep track of deposits, fees and growing profits
  • Trending news, helping enthusiasts understand emerging-crypto developments

Coinbase

  • Regulated exchange
  • An easy-to-use platform
  • Free crypto training offered

Crypto.com

Crypto.com Supported by Cosmos

Being an existing application in Cosmos staking, it’s no doubt that you can buy ATOM tokens from Crypto.com. Verifying your account here starts with confirming your nationality, location, fiat and name. A secure account is then granted so that you can track ATOM-price charts

Through its dynamic interface, Crypto.com provides: 

  • Low fees that enable you to trade more Cosmos crypto with less risk
  • Decentralization so that you keep tabs on your own money
  • It’s own wallet to limit the complexity of getting your investments started

Crypto.com

  • Free crypto card
  • Reputable exchange
  • Competitive fees

Having trouble choosing the right exchange?

Let us make this choice easy for you. Yes, all three options are dynamic and even fun to use, but one of them stands out with merits the others lack. Binance is not only secure and transparent, but its 90-million users speak for themselves. Collaborating with investors and hearing their feedback makes this platform priceless. Its staking interface is just as rewarding.  

Binance

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

Cosmos Fear and Greed Index

Updated:: 23 February 2024

Now: 79 Extreme Greed

Now: 79 Extreme Greed

Yesterday: 78 Extreme Greed

Last Week: 70 Greed

Is Cosmos a Good Investment for 2024?

Investing In Cosmos Staking

Deciding if Cosmos Is a Good Investment?

You have both the utility of Cosmos and the price action of ATOM to assess when considering how to invest. No one can argue how pivotal this blockchain is within the world of autonomy and DeFi. Billions in USD, through active applications, are already under Cosmos’s management.  

What you have to ask is, “How much more growth will this network experience?” Even if it encounters a standstill, the advances of blockchain in society might work in Cosmos’s favor. Its current market share sets it up for success with every forward advance that blockchain makes. 

We can continue to cover the agencies working through the Cosmos ecosystem, but their involvement doesn’t reflect, entirely, in the price action of Cosmos’s ATOM crypto in USD

Let’s start with noting how much cryptocurrencies are now showing correlation with traditional financial markets. At the onset of a global recession and a post-COVID economy, investors have seen ATOM fall but never below its floor of $5.50.

With that floor tested many times throughout 2024, traders see a coming rise for ATOM and global cryptocurrencies alike. Timing is key. We don’t offer investment advice, but we do urge you to keep in mind the risks. Many traders prefer to only invest what they can afford to lose.

A Final Synopsis Of the Cosmos

In its effort to become the “internet of blockchains” investors see the potential of Cosmos staking as being a portal for all-things DLT. That idea, alone, seems to be generating billions. The network is already adapted, and any new developments in blockchain are ALL integrable into the Cosmos ecosystem. There’s nothing coming that Cosmos won’t have access to. 

If you want a flexible interface, Cosmos might be a good investment. You not only have the option of staking Cosmos ATOM crypto into the infrastructure; you also have the option of building your own applications. Cosmos is an option for those who don’t want to fall behind. 

As the world of cryptocurrencies and blockchain evolves, Cosmos will do so likewise.

Pros and Cons of the Cosmos Architecture:

  • Advancing technology
  • Active partner developments
  • Interoperable for blockchains
  • Attractive to developers around the globe
  • Difficult for new investors to assess
  • Voting rights based on tokens you own

Your questions about Cosmos and its ATOM token

Why is Cosmos a good investment?

Cosmos staking establishes, being that it has few competitors, the most likely platform in which blockchains around the world become interoperable through.

What is the ATOM crypto used for?

Cosmos’s ATOM crypto can be used to pay for the services provided by the network and for staking a financial investment into its development project. Some retailers also accept ATOM.

How many ATOM tokens are there in circulation?

At the time of writing this, 347-million ATOM coins were in circulation—since Cosmos’s founder released coins in 2014.

What are the differences between Cosmos and Ethereum?

Ethereum is an independent, layer-1 blockchain. Cosmos is a layer-0 blockchain that provides an architecture for other blockchains to communicate through.

About the author

Joseph Minor

In seeing a digital world explode, Joseph invested his writing in the field of technology over 8 years ago. As a leading-content creator, he believes in clarity, credibility and writing topics people want to read. From blockchain to Web3.0, Joseph sees no shortage of developments as crypto pushes forward. He’s become a voice in technology that people can trust and look forward to hearing more from.