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What is ATOM (ATOM)?
Cosmos touts itself as the “internet of blockchains.” This is because Cosmos consists of several independent blockchains that can communicate with each other in a decentralized way. This network of blockchains enables Cosmos to be faster and cheaper than other legacy blockchains like Ethereum.
The Cosmos ecosystem is powered by its native token ATOM. The network uses a proof-of-stake consensus mechanism where ATOM holders can stake tokens and earn rewards. ATOM is also a governance token, allowing holders to participate in the development and improvement of the network.
Cosmos is the brainchild of developers Jae Kwon and Ethan Buchman. The Interchain Foundation (ICF), the non-profit behind Cosmos, helped raise $17 million in an initial coin offering (ICO) in 2017. The project raised another $9 million to fund development in a Series A funding round in 2019.
ATOM FAQ
- Cryptocurrencies, such as ATOM, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ATOM have been created as well.
- Check out our ATOM price prediction page to forecast future prices and determine your price targets.