Cosmos Hub
Current price
$1.69
−6.28%24h
LiveUpdated 27s ago
TodayCosmos Hub drops 6.3%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+1.32%
- 24 hours−6.28%
- 7 days−5.44%
- 30 days+6.98%
- 1 year−49.19%
Cosmos Hub's move in context
Lagging the market today
−6.28% today against −3.27% for the market as a whole, a gap of 3.0 points. A gap this wide suggests something specific to Cosmos Hub may be moving it, not just the market mood.
Trend has turned
−5.4% over 7 days and +7.0% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Cosmos Hub
Cosmos Hub: The Interoperable Blockchain Network
Cosmos Hub is a pioneering blockchain platform that aims to create an interconnected ecosystem of independent blockchains. Launched in March 2019 by the Interchain Foundation, Cosmos Hub leverages the innovative Tendermint consensus algorithm to facilitate seamless communication and interoperability between different blockchains. This unique approach addresses one of the significant challenges in the blockchain space: fragmentation.
Key Features of Cosmos Hub
Interoperability: At the heart of Cosmos Hub's mission is its ability to enable interoperability among various blockchains. This is achieved through the Inter-Blockchain Communication (IBC) protocol, which allows different blockchains to communicate and exchange data securely. With IBC, developers can build decentralized applications (dApps) that leverage the capabilities of multiple blockchains, enhancing functionality and user experience.
Tendermint Consensus: Cosmos Hub utilizes the Tendermint consensus algorithm, which combines Byzantine Fault Tolerance (BFT) with Proof-of-Stake (PoS) mechanisms. This enables fast transaction finality and high throughput, making it suitable for a wide range of applications. The PoS model encourages validators to secure the network by staking their tokens, thus aligning their interests with the network's health and performance.
Scalability: Cosmos Hub's architecture is designed for scalability, allowing developers to create their blockchains tailored to specific use cases. By enabling parallel processing of transactions across multiple chains, Cosmos Hub can handle a higher volume of transactions compared to traditional blockchains. This scalability is crucial for the growth of decentralized applications and services.
Governance: Cosmos Hub incorporates a robust governance model, allowing token holders to propose and vote on changes to the protocol. This decentralized governance structure ensures that the community has a say in the platform's evolution, fostering transparency and trust among users. Governance decisions can impact everything from network upgrades to fee structures, making it a vital aspect of the ecosystem.
Cosmos SDK: The Cosmos SDK is a powerful framework that enables developers to build custom blockchains easily. With built-in modules for key functionalities like governance, staking, and token management, the SDK simplifies the development process and encourages innovation within the Cosmos ecosystem. This flexibility has led to the creation of various projects that leverage Cosmos Hub's capabilities.
Growing Ecosystem: Since its inception, Cosmos Hub has fostered a vibrant ecosystem of projects and developers. Many blockchain projects, including Binance Chain, Terra, and Kava, have chosen to build on Cosmos, benefiting from its interoperability and scalability. The growing number of interconnected chains enhances the overall value of the Cosmos ecosystem, creating a dynamic landscape for users and developers.
In conclusion, Cosmos Hub represents a significant advancement in the blockchain space by enabling interoperability and scalability through its innovative architecture. By facilitating seamless communication between blockchains, Cosmos Hub opens up new possibilities for decentralized applications and services, paving the way for a more connected and efficient blockchain ecosystem.
Cosmos Hub market
- Position by market cap among the coins we track.
- #76
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $611.13M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $1.66High $1.81
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $44.45
- Now 4% of itReached 17 Jan 2022 · Needs +2,535% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 362.26M ATOM
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 535.94M ATOM
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Cosmos Hub converter
1 Cosmos Hub = $1.69
