Cosmos is a decentralized network of independent parallel blockchains, each based on BFT consensus algorithms such as Tendermint. Cosmos is an ecosystem of blockchains that can scale and interact with each other. Before Cosmos, blockchains were closed and unable to communicate with each other. They were difficult to build, and they could only process a small number of transactions per second.
Cosmos makes blockchains powerful and easy to develop using the Tendermint BFT and the modularity of the Cosmos SDK.
Cosmos allows blockchains to pass values to each other through IBC and Peg-Zones, allowing them to maintain their sovereignty.
Cosmos allows you to scale blockchain applications to millions of users with horizontal and vertical scalability solutions.
Cosmos (ATOM) Wallets
Before purchasing the ATOM tokens, you should find the wallet that will suit you the best. There are several wallets: desktop, web, and mobile.
You can store your ATOM coins directly on the exchange on which you trade or buy coins.
Where to buy Cosmos (ATOM) cryptocurrency?
There is a wide range of cryptocurrency exchanges where you can buy ATOM tokens. There are a fairly diverse number of pairs in which an asset is traded. Both the main popular cryptocurrencies are available, for example, Bitcoin, Ether, USDT, and secondary, such as VET, PAX and Binance Coin. You can also purchase ATOM cryptocurrency for fiat on several exchanges (USD, CAD, KRW, EUR).
With the aid of a banking card, you can buy bitcoins and convert them to ATOM easily. To buy ATOM without an exchange, you can buy bitcoins first with fiat money (USD or EURO) and then convert at the exchange rate of BTC to ATOM.
First, you should purchase Bitcoin. In order to do this, please, visit this page. Choose the amount you want to exchange in USD, enter your BTC address, and press ‘Continue’. In case you don’t have any BTC wallet, you can create one on Freewallet. When you are ready, pay for your crypto, filling all the gaps:
You can also exchange your cryptocurrency (available on Changelly) for ATOM tokens:
How to buy ATOM with PayPal?
Currently, you can’t purchase ATOM using the PayPal method. However, you can buy Bitcoin with PayPal on several exchanges and then proceed to Cosmos cryptocurrency.
The Cosmos project solves scalability issues using the Tendermint hybrid algorithm and autonomous blockchains. Processed transactions within the network do not affect the overall workload. This indicator is affected only by transactions between separate networks and data exchange operations.
The network does not provide for classic mining, the profitability of which can be calculated using a special converter. The votes for the coordination of the blocks are transmitted by the validators, which are selected by voting.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.