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Cosmos (ATOM) is the 25th largest cryptocurrency in the world by market cap, valued at $4,742,930,295. The current price of Cosmos is $15.01, which is 1.009% higher than yesterday. Prices have ranged between $15.11 and $14.35 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 10:02 UTC.
Cosmos’s network is one of many cryptocurrency projects focused on the decentralized finance space. This blockchain intends to be the solution to sluggish, difficult-to-use and poor scaling protocols that clog up the crypto space.
A key goal of Cosmos is to provide interoperability between networks. Hundreds of different blockchains are currently live, however many have no way of integrating with one another. By improving the interaction between these networks, blockchain projects are able to expand exponentially as well as become simpler to use.
Developers are able to build applications on the protocol using pre-existing code.
ATOM is the native utility token of the Cosmos network. It is responsible for the execution of smart contracts. It is also used for economic security by serving as a reward for validators approving transactions. ATOM can be staked (lock up) on the network in exchange for additional tokens.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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