Cosmos (ATOM): what you need to knowCosmos (ATOM): what you need to know

Cosmos is a network of independent blockchains that can communicate with each other through the Inter-Blockchain Communication (IBC) protocol. The project is often described as the 'internet of blockchains'. The native token, ATOM, is used for staking, governance and transaction fees on the Cosmos Hub.

Whitepaper: https://cosmos.network/whitepaper

Cosmos uses the Tendermint consensus algorithm, a Byzantine Fault Tolerant (BFT) Proof-of-Stake system. Validators stake ATOM to validate transactions and produce new blocks. Through the IBC protocol, tokens and data can be exchanged between different Cosmos blockchains.

• Ticker: ATOM

• Category: Layer 1 / Interoperability

• Blockchain: Cosmos Hub

• Protocol: Tendermint (Proof of Stake)

• Year of launch: 2019

Cosmos provides developers with the Cosmos SDK, a framework for building their own blockchains. Tendermint provides fast finality and high throughput. The IBC protocol allows different blockchains to be connected securely, making interoperability a core feature of Cosmos.

The Cosmos ecosystem consists of hundreds of independent chains built on the Cosmos SDK, including well-known projects like Osmosis, Celestia and dYdX. The Cosmos Hub acts as a central connection point and facilitates transfers between connected chains.

Cosmos was conceived in 2014 by Jae Kwon and Ethan Buchman, who also developed the Tendermint consensus algorithm. The project is further developed by various organisations, including the Interchain Foundation and All in Bits (formerly Tendermint Inc.).

BTC Direct has been the European entry point to crypto since 2013. We make buying Cosmos straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your ATOM is on its way within minutes.

• Your coins, your control. We do not store your ATOM. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

Ready to buy your first ATOM?

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More questions about Cosmos or BTC Direct? Visit our help center for more answers.

For more technical information about Cosmos, visit the official website.

Cryptocurrencies, including Cosmos (ATOM), are volatile and carry risks. The value of ATOM can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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