Cosmos
CosmosATOM9.70$ +-1.71%

An Internet of Blockchains

25 Rank
3.41B$ Market cap
26.38M$ 24H Volume

ATOM price live chart

9.70$-1.71%
Cosmos Price statistic
Cosmos price today
Cosmos price
9.70 $
Price change (24h)
1.71% -0.17 $
Trading volume (24h)
26.38M $
Market Dominance
0.32%
Market rank
#25
Cosmos price history
All Time High
Jan 17 2022 (10 months ago)
78.15% 44.00 $
Cosmos Market Cap
Market Cap
3.41B $
Fully Diluted Market Cap
9.07B $
Cosmos Supply
Circulating Supply
286.37M ATOM
Liquid Supply
298.91M ATOM

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ATOM wallet mobile app for iOS and Android

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Cosmos basics

Name

ATOM

Category

Infrastructure

What is Cosmos?

Cosmos is a network of sovereign blockchains that communicate via IBC, an interoperability protocol modeled after TCP/IP, for secure data and value transfer. The Cosmos Hub, also known as "Gaia," is a proof of stake chain with a native token, ATOM, that serves as a hub for IBC packet routing among blockchains within the Cosmos network. The Cosmos Hub, like the majority of blockchains in the Cosmos network, is secured by the Byzantine Fault-Tolerant (BFT) Proof-of-Stake consensus algorithm, Tendermint.

Cosmos token type

Token name

ATOM

Token type

Native

Token uses

Payments, Vote

What is Cosmos used for in 2022?

ATOM is the native token of Cosmos Hub, the PoS blockchain that constitutes one of many hubs on the Cosmos network. Since the PoS consensus mechanism requires validators to own ATOM to participate in the validation process, the main purpose of ATOM is the security and sustainability of the Cosmos Hub network. ATOM owners can stake their tokens to ensure network security, and in return, get a portion of the network transaction fees and block rewards distributed for validation. The token is also necessary for taking part in Cosmos Hub governance. ATOM owners can delegate their tokens or actively take part in governance by holding ATOM in their wallets.

Cosmos history and first price

Launch style

Crowdsale, Private Sale

When did Cosmos launch?

The Interchain Foundation ran multiple private investment rounds, and a public fundraiser event ended on April 6, 2017. The foundation categorized recipients of these minted ATOMs into four different blocks: Private Contributors, Public Contributors, All in Bits Inc (AiB), and the Interchain Foundation (ICF).

  • The strategic and early adopters received 7.1% of the initial supply equivalent to 16,856,718.97 ATOMs, in exchange for their contribution of $1,329,472.3.
  • The seed contributors received 5% of the initial supply, equivalent to 11,809,947.91 ATOMs in exchange for $300,000.
  • The public contributors received 67.9% of the initial supply, equivalent to160,293,050 ATOMs, in exchange for $16,029,305.06 collected in BTC or ETH.
  • All in Bits Inc (Tendermint Inc.) received 10% of the initial supply equivalent to 23,619,895.81 ATOMs for developing the open-source IP that is used in Cosmos Network.
  • ICF received 10% of the initial supply equivalent to 23,619,895.81 to pursue their R&D activities for Web 3.0. In total, 236,198,958.12 ATOMs were allocated at genesis to 984 accounts.

How did Cosmos come about?

Cosmos aims to combine the utility of open-source software, decentralized networks, and time-stamped blockchain data storage to accelerate the scaling, adoption, and use-case experimentation of blockchains. To bypass the hindrances such as limited performance and ad hoc governance that inherently exist in PoW chains, Cosmos was envisioned as a decentralized network of independent, scalable, and interoperable PoS blockchains. The ideal solution, according to Cosmos, was a tool for interacting with multiple parallel blockchains such that the unique value proposed by a chain can be expanded to any other chain.

The idea of a Proof-of-Stake blockchain with Byzantine Fault-Tolerant (BFT) consensus mechanism originates from the year 2014 when the future Tendermint Inc. co-founder Jae Kwon explored the possibilities in his research. With the participation of Ethan Buchman, the other Tendermint Inc. co-founder, this idea was further developed in 2015, and Cosmos was introduced in 2016. Tendermint Inc. and Interchain Foundation (ICF) have been responsible for the development and adoption of the technologies underlying the Cosmos network, Tendermint Core (a BFT consensus mechanism) and the Cosmos SDK (a modular framework for building new blockchains).

ICF ran a successful initial coin offering for ATOM in 2017 and used the collected funds to boost the development of Cosmos SDK, IBC, and Peggy. The first blockchain of the network, Cosmos Hub, launched on mainnet in 2019, and since then, many well-known projects have sprouted in the network such as Terra, THORChain, and Crypto.com.

Cosmos roadmap 2022
Launch of the Cosmos Hub
March 2019 · Mainnet Launch

The Cosmos Hub and its Tendermint Proof-of-Stake (PoS) network launched in March 2019.

Atom Transfers Enabled
April 2019 · Mainnet Launch

The Cosmos Hub's on-chain governance system unlocked token transfers roughly one month after its launch.

Stargate
February 2021 · On-Chain Upgrade

a href=" "Stargate/a introduced an extensive set of upgrades to the Cosmos Hub, including new interoperability abilities and various performance improvements. It involved the transition of the third version of the Cosmos Hub (Cosmos Hub 3) to a fourth iteration (Cosmos Hub 4). Stargate's primary new feature was the Inter-Blockchain Communication (IBC) protocol, the interoperability standard that enables the exchange of cryptoassets and data across other Tendermint-based chains. Stargate also included several user-experience and performance upgrades, such as: Protobuf Migration to increase transaction throughput and lower gas costs by increasing block capacity. It also introduces a composability standard State Sync to shorten the time it takes to sync a Cosmos node Full-featured light clients to help accelerate full node sync times Chain upgrade module to increase the efficiency of network upgrades

IBC Transfers
March 2021 · On-Chain Upgrade

Cosmos Proposal 41 enabled the transfer of assets using the Interchain Standard 20 (ICS20) on the Cosmos Hub. IBC asset transfers allow IBC assets available in the Bank module of the Cosmos Hub and ATOM to be available on Zones connected to IBC (Inter-Blockchain Communication).

Delta Upgrade
July 2021 · On-chain Upgrade

Introducing Gravity DEX to enable enhanced liquidity for Cosmos Hub tokens.

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Cosmos technology explained

Cosmos is designed to operate as a network of zones and hubs. Zones are application-specific blockchains with sovereign security and governance models while hubs are intermediary blockchains that observe the state of connected zones and facilitate asset transfer between them. Cosmos is not a blockchain but a toolbox to design new blockchains. However, Cosmos Hub is the first PoS blockchain that works as a hub between zones and contains a multi-asset ledger, and lets other subsequent zones interact with each other through the inter-blockchain communication protocol, IBC. Their interaction is powered by Tendermint Core, a secure consensus protocol that provides fast finality and is easily adaptable with Proof-of-Stake (PoS) blockchain. Interacting with the IBC protocol requires chains to have a consensus mechanism that offers fast finality, meaning that Cosmos cannot use IBC for asset transfers between proof-of-work blockchains like Ethereum and Bitcoin. In order to bypass this shortcoming, Cosmos introduces account-based blockchains called peg zones (Peggy) and offers fast finality through implementing finality thresholds to blockchains with probabilistic finality.

While Tendermint constitutes the networking and consensus layer of the application-specific blockchains built within the Cosmos network, Cosmos SDK offers a framework to construct the application layer by building deterministic state machines through SDK modules. Since the consensus mechanism and application layer are separate informational domains in Cosmos blockchains, the changes in the state-machines (e.g. transactions on the blockchain) are communicated to the Tendermint consensus engine through the Application Blockchain Interface (ABCI). Another implication of this separateness is that the blockchains on the network are not limited by strict rules when choosing a consensus mechanism. They do not require to use of Tendermint's vanilla version and can make adjustments on the consensus mechanism to render it suitable for application-specific purposes.

Cosmos core contributors
Individuals
Companies
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Zaki Manian
Co-Founder of Iqlusion
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Tess Rinearson
VP of Engineering at Interchain GmbH
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Sunny Aggarwal
Founder at Sikka
Sunny runs Sikka, a blockchain infrastructure company focused on participating in protocols and networks for the decentralized internet. It currently operates a Top 5 validator on the Cosmos Hub. Sunny also serves as a Co-Host for the Epicenter podcast. From Jun. 2017 until Jun. 2020, Sunny was a Research Scientist at Tendermint where he helped develop the Tendermint protocol and Cosmos Hub.
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Sam Hart
Grants Manager at Interchain Foundation
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Peng Zhong
CEO and President at Tendermint
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Jae Kwon
President of Interchain Foundation
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Jae Kwon
Co-Founder of Cosmos, CTO at Tendermint, and President of the Interchain Foundation
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Jack Zampolin
VP Product at Akash Network
Jack is the VP Product at Akash Network, a decentralized cloud computing marketplace built within the Cosmos ecosystem. He also advises the team at Kava Labs, who are developing the Cosmos-based Kava lending platform. Prior to his current roles, Jack was the Director of Product at Tendermint and worked as an engineer on the Blockstack team.
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Ethan Frey
CEO at Confio and Early Contributor to Cosmos
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Ethan Buchman
Co-Founder of Cosmos, CEO at Informal Systems, and VP of the Interchain Foundation
Ethan is the CEO of Informal Systems, an independent research and development team that works with the Interchain Foundation as a key contributor to the Cosmos ecosystem. He also serves as the Vice President for the Interchain Foundation, the non-profit organization that helps fund development of the Cosmos network. Prior to his current roles, Ethan co-founded and served as the CTO of Tendermint, the original core development team behind the Tendermint consensus protocol and the Cosmos Hub.
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Christopher Goes
Lead Developer at Interchain GmbH
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Billy Rennekamp
Grants Manager on the Board of Management at Interchain Foundation
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Tendermint
Tendermint the company (which also does business as All in Bits Inc., a Delaware for-profit corporation) is the creator of Tendermint, a blockchain consensus project. The company was founded in 2014 by Jae Kwon to explore the commercialization of the Tendermint consensus algorithm he developed in 2014. Since 2017, the company has been contracted by the Interchain Foundation to deliver and now help maintain the Cosmos Network and Hub.
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Althea Network
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B-Harvest
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Agoric
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Chainapsis
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ChainSafe
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Chorus One
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Confio
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Sikka
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Interchain Foundation
The Interchain Foundation (ICF) is a Swiss non-profit foundation with a mission to support research and development for secure and scalable open-source software. It was formed to support the development of Cosmos and the ecosystem that will contribute to the Cosmos Network.
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Iqlusion
A secure, high-availability Cosmos validator service provider
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Cosmos supply limit

General Emission Type

Inflationary

Precise Emission Type

Dynamic Emission

Cosmos supply curve details

Atom's targeted annual inflation rate is recalculated every block. The inflation is also subject to a rate change (positive or negative) depending on the distance from the desired staking participation ratio, currently fixed at 67%. The annual inflation is capped as between 7% and 20%. If more than ⅔ of the Atoms are being staked, atom block rewards decrease gradually down to a floor of 7% annualized inflation. If less than of the Atoms are being staked, atom block rewards increase gradually up to a ceiling of 20% annualized inflation.

Who funds Cosmos core development?
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1Confirmation
A venture fund that seeks to fund exceptional founders who build to advance the decentralization of the web and society
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Block0
Angel crypto fund supporting the most ambitious blockchain founders.
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Blocktree Capital
BlockTree Capital is an investment and venture firm focused exclusively on ventures, tokens, and projects related to blockchain technology, digital currency, and crypto assets.
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Continue Capital
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Dokia Capital
Dokia Capital is a professional validator in the blockchain space. Dokia operates an enterprise-grade infrastructure, fit for institutional staking, and ensures the security and stability of the networks that they support. A list of the networks that Dokia Capital validates can be found on their website https://staking.dokia.cloud/.
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Dragonfly Capital
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HashKey
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HyperChain Capital
One of the first in the world, HyperChain is a digital assets management company focused on Blockchain based projects and decentralized protocols. HyperChain's philosophy is to do good, as an early participant and consultant to Blockchain protocol projects and organizations that support innovative technologies.
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KR1
KR1 is a European digital asset investment company supporting early stage decentralised and open source blockchain projects.
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Outlier Ventures
Outlier Ventures has been backing Web 3 founders since 2014 and is the world’s leading Web 3 accelerator program on track to accelerate up to 100 startups and protocols in 2021 through both Ascent and their earlier pre-seed/seed program (Base Camp). Both Base Camp and Ascent recruit at intervals throughout the year, looking for founders accelerating the open metaverse thesis by launching token networks. Specializing in a New Data Economy, NFTs, and DeFi they bring together a network of 1,000 of the world’s leading Web 3 founders, protocols, and VCs to mentor and invest.
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Pantera Capital
Pantera Capital is an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.
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Paradigm
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Polychain Capital
Polychain Capital manages a hedge fund focused on an actively managed portfolio of blockchain assets with the goal of helping advance the global adoption of cryptocurrencies.
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SNZ
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Waterdrip Capital
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Cosmos consensus

General consensus mechanism

Delegated Proof-of-Stake

Precise consensus mechanism

Tendermint Consensus Mechanism

Targeted block time

0.1 min

How Cosmos works?

Cosmos is designed to operate as a network of zones and hubs. Zones are application-specific blockchains with sovereign security and governance models while hubs are intermediary blockchains that observe the state of connected zones and facilitate asset transfer between them. Cosmos is not a blockchain but a toolbox to design new blockchains. However, Cosmos Hub is the first PoS blockchain that works as a hub between zones and contains a multi-asset ledger, and lets other subsequent zones interact with each other through the inter-blockchain communication protocol, IBC. Their interaction is powered by Tendermint Core, a secure consensus protocol that provides fast finality and is easily adaptable with Proof-of-Stake (PoS) blockchain. Interacting with the IBC protocol requires chains to have a consensus mechanism that offers fast finality, meaning that Cosmos cannot use IBC for asset transfers between proof-of-work blockchains like Ethereum and Bitcoin. In order to bypass this shortcoming, Cosmos introduces account-based blockchains called peg zones (Peggy) and offers fast finality through implementing finality thresholds to blockchains with probabilistic finality.

Cosmos governance

Onchain governance type

Delegated On-Chain Vote

What is Cosmos governance?

All the zones in the Cosmos network have distinct governance styles tailored for the value proposition of the blockchain. The Cosmos Hub, on the other hand, employs a hybrid governance model where it uses an off-chain governance platform for discussions and uses on-chain voting for decision-making and execution. Any user can submit proposals on protocol upgrades, modifications to network parameters, bounty allocations, and other governance policies and participate in discussions on the Cosmos governance forum. Since community governance plays an essential role in the development and stability of the network, Cosmos Hub obliges each validator to vote on every proposal. Those who do not vote, get penalized by the protocol and their validator status gets deactivated for a predetermined period of time. The Cosmos Hub also benefits from an additional aiding agent named Governance Working Group which aims to equip Cosmos governance with structural tools, improve governance functionality, and conduct educational efforts to further the awareness and the adoption of Cosmos governance.

FAQ
1.What is the best app to store Cosmos?

Store Cosmos with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account with Face ID or Touch ID security options.
  3. Transfer ATOM from external wallet.
2. How can I receive Cosmos?

Receive Cosmos to your Cropty wallet by QR-code, phone number, e-mail and nickname:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set up a nickname.
  3. Click ‘Receive’ and follow the instructions.
3. How can I store Cosmos safely?

You can transfer your Cosmos holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Cosmos holding except you.

4. How to start investing in Cosmos easily and securely?

Start investing in Cosmos with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set your authentication settings.
  3. Transfer ATOM from external wallet.
5. Why should I choose Cropty to store and transfer Bitcoin?

The Cropty wallet provides the most convenient application for storing and transfering Cosmos. Cropty targets to become one the best crypto wallets for Android and iOS in 2022. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.

6. How can I receive Cosmos as payment?

You can receive Cosmos as payment in Cropty wallet. It is a convenient mobile app to receive, store and transfer Cosmos ATOM safely and instantly. Open Cropty app, click ‘Receive’, follow simple instructions and get your Cosmos holdings immediately.

7. How can I receive Cosmos donations?

You can receive Cosmos donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

8. Can I send Cosmos without verification?

You can receive Cosmos donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

9. How can I send Cosmos without fee?

You can send Cosmos instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.

10. How to make money with Cosmos?
  1. Sign up to Cosmos wallet.
  2. Top up your balance with Cosmos.
  3. Store, trade or deposit your Cosmos.
  4. Get Cosmos deposit interest directly to your Cropty wallet.
USD to ATOM converter
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Cosmos Price statistic
Cosmos price today
Cosmos price
9.70 $
Price change (24h)
1.71% -0.17 $
Trading volume (24h)
26.38M $
Market Dominance
0.32%
Market rank
#25
Cosmos price history
All Time High
Jan 17 2022 (10 months ago)
78.15% 44.00 $
Cosmos Market Cap
Market Cap
3.41B $
Fully Diluted Market Cap
9.07B $
Cosmos Supply
Circulating Supply
286.37M ATOM
Liquid Supply
298.91M ATOM
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