Cosmos ATOM price could be in for a mega recovery as Atom News reveals a fresh attempt to become the internet of blockchains.
Everyone talks about Ethereum being this great world super computer; but what’s a computer without the internet? Cosmos (ATOM) is one of the largest alternative cryptocurrencies on the market and is simply known as “the internet of blockchains.”
99Bitcoin’s crypto experts consider ATOM criminally underrated as Cosmos can solve some of the most important issues troubling the blockchain ecosystem.
Up 6.6% over the last week, the Cosmos ATOM Price has slightly bucked the trend of a bleeding market. But what is Cosmos exactly, and can it truly become one of the leaders of the crypto industry?
The History of Cosmos
Early development for Cosmos began in 2014 under the watch of three veteran blockchain developers: Jae Kwon, Zarko Milosevic, and Ethan Buchman. The Cosmos whitepaper was published in 2016, and the successful ATOM ICO allowed the project to raise over $17 million in financing.
After years of testing, the Cosmos mainnet launched in early 2019. Cosmos didn’t have much attention at first, but in early 2021, it launched from $5 to new all-time highs of $40 in September.
This came after Jae Kwon resigned as CEO of Tendermint, the company developing Cosmos, to focus on other projects. Kwon was replaced by experienced crypto entrepreneur Peng Zhong, who remains the CEO of Tendermint (now renamed “Ignite”) to this day.
What Problem Does Cosmos Solve?
The blockchain world is a mess of silos. Hundreds of blockchains—and countless cryptocurrencies, operate in isolation, making communication between them a logistical nightmare. Cosmos wants to fix this chaos.
Touting a vision of “Blockchain 3.0,” Cosmos aims to transform fragmented networks into an interconnected system. It focuses on scalable, seamless cross-chain interoperability that could rewrite how blockchains cooperate.
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Scalability sits at the core of Cosmos’ identity. Designed with modularity and flexibility, the ATOM network handles data at breakneck speeds and minimal cost, far outpacing Bitcoin and Ethereum.
It’s driven by Hybrid Proof-of-Stake (HPoS), an evolved variant of the standard PoS model. By blending elements of Proof-of-Work and Proof-of-Stake, Cosmos strikes a balance, leveraging the strengths of both while minimizing their flaws.
Final Thought On Cosmos Atom Price
Ethereum’s reign as the top smart contract platform won’t last forever. Others are angling to disrupt—and Cosmos has the tools to compete. It’s faster, greener, and laser-focused on linking blockchains in ways Ethereum can’t.
With strong fundamentals and a unique vision, Cosmos is carving out its spot in the ecosystem, ready to rise as Ethereum’s challengers multiply.
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Key Takeaways
- Everyone talks about Ethereum being this great world supercomputer; but what’s a computer without the internet?
- Cosmos strikes a balance, leveraging the strengths of both while minimizing their flaws.
The post Cosmos ATOM Price Is Making Big Moves To Become The Internet Of Blockchains appeared first on 99Bitcoins.
