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Cosmos (ATOM) Price today

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02

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Cosmos FAQs

What is ATOM from Cosmos?

ATOM is the native token of Cosmos, a network of interoperable blockchains that allows communication and data transfer between different blockchains. Its goal is to create a decentralized and scalable network of connected blockchains.

How does Cosmos work?

Cosmos is a network of blockchains designed to be interoperable. It uses three main components: Tendermint Core: BFT Consensus Protocol to ensure fast and secure transactions. Cosmos SDK: Development framework for creating custom blockchains. Inter-Blockchain Communication (IBC): Facilitates communication and data transfer between different blockchains.

What's the difference between Cosmos and other blockchains?

The main difference between Cosmos is its focus on interoperability. Unlike independent blockchains, Cosmos allows communication between blockchains through its IBC protocol, creating a connected network.

What are the primary uses of ATOM?

ATOM is used for transaction validation, network governance, payment of transaction fees, and participation in decisions about protocol updates.

What benefits does Cosmos offer?

Cosmos facilitates interoperability between blockchains, allowing collaboration between networks. Its modular and scalable design allows you to create customized blockchains without compromising security or efficiency.

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