How And Where to Buy Cosmo [ATOM] — An Easy Step by Step Guide

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Cosmos is a scalable proof-of-stake technology that allows blockchains to communicate with each other in real-time.

Cosmos is based on Tendermint proof of stake, and Tendermint's developers were the driving force behind its development.

Cosmos aspires to accomplish the following:

With the Cosmos SDK, anyone can easily design their own bespoke blockchain.

The Inter-Blockchain Communication (IBC) protocol will help to cement a new set of blockchain standards.

Establish seamless interchange between Tendermint-based networks developed with the Cosmos SDK and non-Tendermint blockchains like Bitcoin.

 

About Cosmos ATOM

The network's beginnings may be traced back to 2014, when Tendermint, a key contributor, was created. 

 

A paper on Cosmos was released in 2016, followed by a crypto exchange the following year. ATOM coins are gained using a hybrid proof-of-stake method and are used to protect the Cosmos Hub, the project's main blockchain. This coin is also used to administer the system.

 

A modular framework that demystifies decentralized apps is one of the project's other goals, including making blockchain technology less complex and challenging for developers.

 

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What is Cosmos? 

Cosmos claims itself as a project that addresses some of the cryptocurrency industry’s “hardest difficulties.” 

 

By providing an ecosystem of connected blockchains, it hopes to provide an antidote to “slow, expensive, unscalable, and environmentally harmful” proof-of-work algorithms like those employed by Bitcoin.

 

Cosmos aids in the protection of your encryption key rather than the storage of Cosmos. If you’re new to cryptocurrencies, you might be perplexed by the idea of a unique number and why it’s so crucial. 

 

Maybe you just got into cryptocurrencies by acquiring coins on an exchange service without realizing that they also possess your cryptocurrency’s private keys.

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Who are the Founder of Cosmos [ATOM]?

Jae Kwon, Zarko Milosevic, and Ethan Buchman were the co-founders of Tendermint, the entryway to the Cosmos ecosystem. Kwon resigned as CEO in 2020, even though he is still identified as principal architect. He insists that he is still a participant in the initiative, but he is concentrating on other projects. 

 

Peng Zhong has taken over as Tendermint's CEO, and the entire board of directors has been completely restructured. Their objectives include improving the user experience, growing an enthusiastic Cosmos group, and developing instructional tools to make more people conscious of the network's capabilities.


 

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What Makes Cosmos Unique?

The degrees of fragmentation found in blockchain networks are a big source of concern for some in the crypto sector. There are dozens of them, but only a few can speak with one another. By making this feasible, Cosmos hopes to turn this on its head.

 

Cosmos is dubbed "Blockchain 3.0," and as previously said, one of its main goals is to make its infrastructure as user-friendly as possible. The Cosmos software development kit focuses on modularity to achieve this goal. 

 

This makes it simple to put together a network using code that already exists. In the long run, it is envisioned that complicated programs will be simple to build as a result.

 

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Where Can You Buy COSMOS [ATOM]?

The Cosmos token, ATOM, is used to fuel the network's operation and can be purchased and traded on a number of major exchanges. Cosmos was founded in 2014, and because of its unique structure, it quickly soared through the ranks of cryptocurrency initiatives. 

 

With a market capitalization of around $1.56 billion, Cosmos is currently the 61st largest cryptocurrency by total market capitalization.

 

Binance is one of the world's largest and best-known cryptocurrencies. The advantages of buying Cosmos (ATOM) here include lower exchange fees than other exchanges, as well as improved liquidity, which allows you to purchase and sell rapidly to reap the advantages of market-moving information.


 

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Frequently Asked Questions

Can I Buy Cosmos [ATOM] With Cash?

ATOM has indeed been listed on several cryptocurrency exchanges, and however, unlike many other major cryptocurrencies, this can be purchased directly with fiat currency. 

 

Are There Any Quick Ways to Buy Cosmos in Europe?

Stablecoins listed on Binance can be readily purchased by transferring funds from your accounts to the issuers of these cryptocurrencies. These stablecoins can then be used to buy ATOM on the Binance platform.

 

What is the Cheapest Way to Buy Cosmos [ATOM]?

You may buy ATOM by first purchasing Bitcoin from any fiat-to-crypto exchange and then transferring to a business that trades ATOM. 

 

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Conclusion

Cosmos can still obtain and are far more challenging to return and trace because they are on the internet. Cosmos are secure in and of themselves, but they are only as safe as the wallet in which they are stored.

 

Securing your Cosmos, like any other investment, should be a top priority. Your Cosmos are as safe as the wallet in which they are kept.


 

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Cosmos Official Website -Cosmos official website

Cosmos Mintscan -https://www.mintscan.io/cosmos

Cosmos Official Blog -https://blog.cosmos.network/

Cosmos Twitter -https://twitter.com/cosmos

 

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