How to buy Cosmos (ATOM)
Source: Youtube
Cosmos calls itself the most customizable, scalable, powerful, and interoperable ecosystem of connected blockchains. It’s a decentralized network of independent blockchains powered by Tendermint and other Byzantine Fault Tolerant algorithms. Byzantine Fault Tolerant consensus algorithm guarantees the safety of the network against malicious operators of the network.
The Cosmos Network has the potential to become the “Internet of Blockchains”, and is also called the Cosmos Hub. Cosmos is the first blockchain to be launched on the Cosmos Network and its task is to link other blockchains (called zones in the network). Once these links are complete tokens can be quickly and securely transferred from one zone to another seamlessly.
The main goal of Cosmos is to tackle the lack of interoperability in the market. Together, the blockchain sector encompasses a huge variety of services and functionalities. However, every blockchain operates as an island currently. This weakens the overall ability of the market to accomplish important tasks such as lobbying for more pro-crypto legislation, or other vital improvements to the industry.
The vision of Cosmos is to make it easy for developers to build blockchains and break the barriers between blockchains by allowing them to transact with each other. The end goal is to create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. With Cosmos, blockchains can maintain sovereignty, process transactions quickly, and communicate with other blockchains in the ecosystems, making it optimal for a variety of uses cases.
Cosmos is an ecosystem of blockchains that can scale and interoperate with each other, Before Cosmos, blockchains were siloed and unable to communicate with each other. They were hard to build and could only handle a small number of transactions per second. Cosmos wants to solve these problems with a new technical vision.
Cosmos conducted an initial coin offering on April 6, 2017, and released its ATOM token, which is the proprietary staking coin used by the network. ATOM can be used for staking and transactions across the Cosmos Hub.
Uses of ATOM:
ATOM Trading
ATOM Transaction
ATOM Mining
There are several exchanges that you can purchase and trading ATOM:
1. Binance Exchange - you can purchase Binance Coin (BNB) using your mobile phone or desktop. You only need to follow the step as instructed. You can also receive a 25% discount on trading fees using Binance Coin (BNB). Use the link above for a bonus 10% discount
2. CoinBase - this is one of the most popular platforms because it is easy to use on your phone or tablet and is available in most countries. On CoinBase you will also find many of the top 100 coins. CoinBase will send email confirmations for another layer of security if you are using a PC. CoinBase also can be used on your phone. When you join CoinBase you can get AUD 13.84 in free Bitcoin when you buy or sell AUD 138.41 or more, by using the above link.
3. Crypto.com MCO/CRO - this is a favorite for many reasons, as you can earn interest on a wide variety of coins, as well as apply for a crypto debit card. This operates similar to a pre-paid Visa card, where you top up before use, however, you can choose to top up with cash or crypto. For example, you can transfer Bitcoin (BTC) to the card and spend it like cash, or let it sit in the account and earn interest. Rates of interest on deposits vary from 2% up to 10% or more. New investors may receive up to $50 when using the above link to create a new account.
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