What is ATOM?
ATOM is the native cryptocurrency token of the Cosmos ecosystem. The ecosystem’s origins date back to 2014 when Tendermint was founded, but its token sale was held in 2017.
ATOM hit its ATH of $32.14 on May 07, 2021 and is currently ranked #42 amongst all cryptocurrencies. At the time of writing, ATOM is trading on Coinhako for $15.951 USD.
What is Cosmos?
Cosmos is an ever-expanding ecosystem of interconnected apps and services whose end goal is to create an Internet of Blockchains — a network of blockchains able to communicate with each other in a decentralized way.
The level of fragmentation seen in blockchain networks is one of the major concerns for some in the crypto industry. There are hundreds of networks that exist, but very few of them can actually communicate with each other.
The co-founders of Tendermint — which was the gateway to the Cosmos ecosystem — were Jae Kwon, Zarko Milosevic and Ethan Buchman. Their goals for Cosmos is to enhance the experience for developers, to create a community for Cosmos and provide educational resources to people and increase awareness of what their network is capable of.
How does Cosmos work?
Cosmos is known as “Blockchain 3.0” — with an aim to ensure that its infrastructure is easy to use and to tackle the lack of interoperability in the market.
Here are three key features Cosmos promises to provide:
🧰 Modularity. This allows a network to be easily built using chunks of code that already exist. In the long-term, construction of complex applications will be straightforward. Cosmos achieve this through the use of open source tools like *Tendermint BFT and *Cosmos SDK.
⚡️Scalability. This allows more transactions to be processed at faster speeds compared to blockchains like Bitcoin and Ethereum. This is done through horizontal and vertical scalability solutions.
🤝 Interoperability. Cosmos enables blockchains to transfer value with each other through *Inter-Blockchain Communication protocol (IBC), while also ensuring that each blockchain retains their sovereignty.
*For full details on the Cosmos Ecosystem and the tools used, read here.
Other noteworthyprojects built on the ecosystem include Band Protocol, Terra, Binance Chain, OKEx.
What’s New with Cosmos (ATOM) on Coinhako?
1. ATOM/SGD Pairings on Coinhako: Trade ATOM directly with Singapore Dollars (SGD) 🇸🇬
With ATOM/SGD trading pairs available on Coinhako, our Singapore users will be able to buy & sell ATOM in Singapore Dollars (SGD) when they fund their accounts with SGD.
2. ATOM/VND Pairings on Coinhako:Trade ATOM directly with Vietnamese Dong Trading (VNDT) 🇻🇳
With ATOM/VND trading pairs available on Coinhako, our Vietnam users will be able to buy & sell ATOM when they fund their accounts with VND.
3. ATOM/USD Pairings on Coinhako:Trade ATOM directly with US Dollars (USD) 🇺🇸
The ATOM/USD trading pair Solana prices against the United States Dollar (USD), and our Singapore users will be able to buy & sell ATOM when they fund their accounts with USD.
4. ATOM swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade Cosmos with other cryptocurrencies that are supported in their countries, with our Swap function.
5. Get the latest ATOM price news on Coinhako 🚨
As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels.
The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on CosmosToken, alongside on the other top crypto projects, like uniswap, polkadot, band protocol.
5. ATOM wallet for all (COMING SOON )
With the wallet feature, Coinhako users can securely send (withdraw), receive (deposit), and store ATOM.
6. Buy ATOM instantly with debit and credit card
Beat the deposit queue and buy ATOM instantly when you pay by card.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.