Steem Crypto Challenge 1: Cosmos (ATOM) - The Internet Of BlockchainsThis crypto ...

... currency was relatively new to the Top 20 coin listing the time I checked last July 2019. ATOM was introduced to the market last March 2019 only, the period where the Bearish Market was already about to end. It was a great news for this digital asset since right after a month it was introduced, its immense initial funding of $800 Million made it to the top 20 instantly. A few days right after the initial market cap funding another batch of funds were added and making the final currency in the coin listing which has a 1-Billion Dollars Market cap.

At the time of writing as my entry to the SteemCryptoChallenge, it now stays in Rank 22 (CoinMarketCap Listing)

With a coin value of $5.25 and down by 5.53%

Surprisingly at the time I initially shared this to everyone under my network last July 2019, the value is still exactly the same as it is now. $5.25 amazing right?

Its ATH or All-Time-High valued $8.86 last Aug 25, 2020.

With a total Volume of $381-Million at the moment compared to last year's 51.78-Million Dollars, it definitely has gained a lot of traders, holders right now in just more than a year.

I always love to see altcoins that costs around $5 more but with less than $10 in value because pairing it with BTC is incredibly an awesome experience for me in terms of profitability.

I could really tell that these new digital assets being introduced within the top 50 are really aggressive in terms of their use-case and trading volumes.

Just right before July 2020 I bought this token in Binance with almost $100 and since then it just stayed there until I checked this one a few days ago and decided to create a blog out of it. And here I am right now sharing it once again.

Popular exchangers other than Binance such as CoinDCX, OKEx, CoinBase Pro, KuCoin, BitForex, and Huobi Global can exchange your USD and BTC pairing for this coin.

Let's Talk About The Network Itself:

What is the Cosmos Network?

The most powerful, most interoperable, most customizable, and most scalable ecosystem of connected blockchains.

Cosmos solves today's hardest blockchain problems.

Scalability

Proof-of-Work protocols are slow, expensive, unscalable, and environmentally harmful.

• Tendermint BFT fixes this. Tendermint BFT is a byzantine fault tolerant consensus engine that powers Cosmos Proof-of-Stake.

Usability

Blockchain applications are complex and difficult to understand for developers.

• Cosmos SDK fixes this. Cosmos SDK is a modular framework for building interoperable, application-specific blockchains.

Interoperability

Blockchain economies are siloed and cannot transfer assets between each other.

• IBC Protocol fixes this. Interblockchain Communication (IBC) is a TCP/IP-like messaging protocol for blockchains.

We all know that the blockchain is a decentralized technology. The breakthrough that Cosmos is offering is really top of its class. Creating a blockchain itself involves an extremely tremenduous amount of consistency and it is the top priority of the Cosmos Network.

Since it has a really stable function and usability, I believe in the saying the once a calm ocean is hit by a huge object from the sky like an asteroid, the Tidal wave will be immense and would trigger again its all time high. Once a great project hits this platform then definitely the domino effect would come afterwards.

The Cosmos Hub:

The Cosmos Hub is the first of thousands of interconnected blockchains that will eventually comprise the Cosmos Network. The primary token of the Cosmos Hub is the ATOM, but the Hub will support many tokens in the future, so let's make ourselves updated with this superb digital asset.

ATOM - The Token Platform of the Cosmos Network

If you have ATOM in your wallet or portfolio, you have the superpower to contribute to the security and governance of the Cosmos Hub. You can also delegate your ATOM to one or more of the 100 validators on the Cosmos Hub blockchain to earn more ATOM through Proof-of-Stake. You can also vote with your ATOM to influence the future of the Cosmos Hub through on-chain governance proposals.

Learn more about being a delegator, and also the security risks, to start participating with one of the following wallets.

If you have the following wallet applications then you can create an ATOM wallet easily.

• Atomic Wallet - Android, Linux, macOS, Windows
• Cobo - Android, iOS
• Cosmostation - Android, iOS
• Huobi Wallet - Android, iOS
• imToken - Android, iOS
• Lunagram - Android, iOS
• Lunie - Web
• Math Wallet - Android, iOS, Web
• Rainbow Wallet - Android, iOS
• Qbao Wallet - Android, iOS
• Trust Wallet Android, iOS
• Wetez - Android, iOS

For now, I still haven't exchanged it yet and just HODL this coin until it reaches the $10++ value.

The original post I have shared last year July 07, 2020 can be seen here: https://publish0x.com/@fycee

Thank you so much for reading one of my cryptocurrencies that I HODL until now.

This is @fycee and I hope some of the curators will appreciate this post.

Thank you in advance.