Cosmos (ATOM) was created by Jae Kwon, Zarko Milosevic, and Ethan Buchman in 2014 through Tendermint. ATOM seeks to counter slow, expensive, unscalable, and environmentally harmful proof-of-work protocols used by Bitcoin with a connected blockchain ecosystem.
What Makes ATOM Unique?
- Enables blockchain networks to communicate with each other
- Faster network and scalable
What Affects the Price of ATOM?
- Supply and demand
- ATOM's adoptability
- Networks or tokens built using ATOM's infrastructure
- Upgrades to ATOM's ecosystem
What Gives ATOM Value?
- Its ability to solve blockchains scalability issues
- Flexibility and ease-of-use for the application developer
How Secure Is The ATOM Network?
Cosmos uses a proof-of-stake consensus algorithm to secure its network.
How does Cosmos work?
Cosmos employs 3 layers, the application layer, the networking layer and the consensus layer. The application layer manages transactions and the network state, while the networking layer facilitates blockchain communication. Lastly, The consensus layer helps nodes agree on the system's current state.
What is the utility of ATOM?
ATOM has three use cases: as a spam-prevention mechanism, as staking tokens, and voting mechanism in governance.