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Updated 11:37 PM UTC

ATOM Cosmos

$1.51

$0.0148

(1.42%)

Today

Mkt Cap$796.33M

Vol39.59M

About Cosmos

The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint. Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture uses classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work. Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary. While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. ATOM have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance. As a spam prevention mechanism, ATOM are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”. Fee distribution is done in-protocol and a protocol specification is described here. As staking tokens, ATOM can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of ATOM staked. The more ATOM that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more ATOM there are bonded, the greater the economic security of the network. Atom holders may govern the Cosmos Hub by voting on proposals with their staked ATOM.

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CFTC warns crypto ATM users that transactions are often immediate and irreversible

A crypto ATM lets you buy digital currency with cash, similar to a normal bank ATM. But the CFTC cautions that these transfers settle right away and cannot be undone, according to the agency's consumer advisory . Read original article on coinlineup.com

CoinLineup

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Cosmos Labs Urges EVM Chains to Halt After KiiChain’s $148 Million Exploit

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Four Live Stories Each Contain Two Facts That Cannot Both Be True

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The Validator Market’s Great Thinning — 1,258 Seats Left Behind

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Bir Altcoin Daha Hacklendi: Fiyat Sert Düştü!

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CoinMuhendisi

Three Cosmos EVM Chains Halt After a Flaw Cosmos Labs Already Called Fixed

Cosmos Labs asked every Cosmos EVM chain in contact with it to halt validators on August 24 during an ongoing security incident. KiiChain says 148.3 million KII tokens moved out through the Hyperlane bridge to BNB Smart Chain across 18 transactions on August 22. MANTRA Chain, hit...

Cryip

Cosmos EVM Vulnerability Triggers Emergency Shutdowns Across Multiple Chains

Cosmos EVM security flaw forces network halts across KiiChain, TAC, and MANTRA. Over 148M KII tokens drained as Cosmos Labs coordinates emergency response. The post Cosmos EVM Vulnerability Triggers Emergency Shutdowns Across Multiple Chains appeared first on Blockonomi.

Blockonomi

Cosmos Labs Urges EVM Chain Halts After KiiChain 148M KII Exploit

Cosmos Labs has urged networks using its EVM module to ask validators to halt their chains as engineers respond to vulnerabilities affecting the software that brings Ethereum-compatible execution to Cosmos SDK networks. The emergency halt request came after several Cosmos EVM net...

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