Cosmos (ATOM) Tausch

Cosmos is a decentralised network of independent blockchains that can scale and communicate with each other. The goal is to make it easy for developers to build blockchains and to set up/maintain interoperations between them (“an Internet of blockchains”).

This is achieved via open source tools like Cosmos SDK - a simplified framework for creating an ecosystem of modules for developers. Lots of projects are already building on the Cosmos ecosystem, including Binance Chain, Kava, Loom and Akash Network among many others. ATOM is the core currency of Cosmos ecosystem..

ATOM token has three functions: a spam-prevention mechanism, a staking and a voting medium in governance. First function is achieved via ATOM being used for paying fees; fee distribution is done in-protocol. As a staking token ATOM can be “bonded” to earn block rewards. Therefore, the more tokens are bonded, the greater economic security of the Cosmos network is. As a voting medium ATOM lets holders to vote on proposals.