If you are a seasoned crypto investor or even a newbie, you would have definitely come across ‘Cosmos’ or ‘ATOM’. Have you, like many, been wondering about what Cosmos Crypto is? Then, this is the right place to get your basics right and understand what the hullabaloo is all about. Read on:
What is Cosmos Crypto?
Cosmos is a cryptocurrency that creates an ecosystem of blockchains intended to grow and interoperate with each other. For the cryptocurrency industry to thrive, blockchains should be able to talk to each other, known as “interoperability”. Thus, Cosmos was created as an “Internet of Blockchains” to help blockchains communicate in a decentralised way.
Cosmos aims to create a crypto network unified by open-source tools for seamless transactions between them. Rather than prioritising its own network, it aims to create an ecology of networks that can share data and tokens systematically, with no central party enabling the process.
What Is an ATOM ?
All independent blockchain created on Cosmos, called zones, are tethered to the Cosmos Hub. This Hub maintains a record of the state of each zone. The Cosmos Hub, a proof-of-stake blockchain, is powered by its native ATOM cryptocurrency. This token functions as the Cosmos coin and is imperative to blockchain interoperability on the network. Users can earn ATOMs through a hybrid proof-of-stake algorithm and aid in securing the Cosmos Hub. The ATOM cryptocurrency also plays a vital role in governance for the Cosmos network.
Cosmos Actual Price
The current Cosmos price in India as of November 8, 2021, is ₹ 2,899.81[1]. According to Digital Coin Price, Cosmos (ATOM) will trade at $43.67 (₹ 3,238.34) by the end of 2021 and $90.08 (₹ 6,679.87) by the end of 2025[2].
Furthermore, ATOM has a current circulating supply of 222,814,147.82 coins[3].
How to buy ATOM at ZebPay?
Crypto investors can buy ATOM from top cryptocurrency exchanges in India like ZebPay. If you have decided to invest some of your money in the cosmoverse, you can visit ZebPay and invest at any level you are comfortable with. With ZebPay, it is quick, hassle-free, and secure. You can easily buy and sell ATOM with your credit or debit card in just a few clicks. Follow the below mentioned process:
- First, you need to create an account. You would need to register with your phone number and submit your KYC documents.
- Second, make a deposit. You can add ATOM to the ZebPay wallet or link your bank account to buy ATOM for the first time with Indian rupees.
- You are all set to start trading.
The Takeaway
Whatever the investment, it is important to understand the crypto space fully. With over 250 apps and services already running on its network, Cosmos has an enduring potential and seems well-positioned to stand the test of time. However, it is still a volatile and high-risk industry, so do proper research on ATOM, its competitors like Polkadot (DOT) and Avalanche (AVAX), and the cryptocurrency industry, in general, to ensure your investment is safe. And, for safe and reliable crypto investment opportunities, start trading on ZebPay.
