By running this command, you created and launched a blockchain app. However, decentralized exchanges can be difficult to understand, and the lack of a governing party leaves investors with little reprieve if a transaction goes wrong. Historically speaking, ATOM prices have been extremely volatile, which can translate to high risks and high rewards for investors.
Kraken– Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume. The ICO raised $16.8 million in funding within the first 30 minutes of raising money making it one of the most successful ICO’s in blockchain history. ATOM is expected to reach an average price of $15.00, a maximum of $17.16, and a minimum of $12.14.
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Its future success largely depends on the long-term performance of the Cosmos technology and the flexibility of its strategy in response to the competitors’ moves. It is quite possible that there is enough room for several projects on the interconnectivity market to accommodate more specialized demand. On Cosmos, users are charged with gas fees for their transactions, which will vary in value. The gas fees are usually low and their minimum amount is set by validators in the network. Scalability problems occur because a lot of blockchains rely on Proof-of-Work consensus, which is very slow.
But just like other cryptocurrencies, it failed to sustain that level and was relentlessly pummeled by the volatile crypto market. It currently has $1.4B in total value locked on it according to DefiLlama, up from just under $100M at the beginning of August. The OSMO token has been going through a major rally early this year, trading at TK as of press time. Ethereum is now connected to the Cosmos network, courtesy of the Osmosis decentralized exchange and the Gravity Bridge. Finally, on 13 March 2019, the Cosmos Hub, the central blockchain of the Cosmos ecosystem, was officially launched. In 2016, a whitepaper for Cosmos was published, and the company Interchain Foundation was created to develop the Cosmos ecosystem.
Governance in DeFi
Cosmos creates an ecosystem of blockchains that can scale and interoperate. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks. Impressively, developers are able to create complex blockchains within the Cosmos ecosystem in a week. In comparison, the same task would take weeks using 2cd-generation blockchains. For this reason, Cosmos continues to see a growing Dapp community that helps to drive more user interaction.
Is Cosmos safe to stake?
Staking ATOM is not risk-free. If a validator has downtime or underperforms, a percentage of ATOM delegated to them may be forfeited. To mitigate these risks, it is recommended that ATOM holders delegate to multiple validators. Ready to start staking?
ATOM also has an impressive 24hr trading volume of over $151 million. One area for investors to watch carefully is the Cosmos fee structure. Where, say Ethereum, generates revenue by charging transaction fees in ETH for all the applications on its network, Cosmos does not work this way.
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Until its creation, each blockchain was isolated and could not intersect with the rest of bullish on-chain metrics. The zones interact with each other using inter-blockchain communication, with all of this communication passing through the Hub. This problem occurs in all blockchains because blockchains are made of nodes communicating with one another. They work to validate transactions, but they have to work in a completely trustless environment.
Ethereum is the second-largest cryptocurrency after Bitcoin, with $20 billion in capital and $12 billion every day trading volume. Competitors, such as Polkadot, are also fighting to become the Internet of blockchains. Long Forecast follows the prediction trend as they have predicted a mixed decade for ATOM investors. Their ATOM coin price prediction suggests https://www.tradecrypto.com/events/tech-updates/joystream-mainnet-launch/ that the price will fall to as low as $8.00 before the end of 2023 and will fail to recover until the last quarter of 2024. The price predictions for 2025 and 2026 are somewhat bullish as they expect the price to stabilise at above $20.00. Unlike most mainstream coins that reached new all-time highs in May 2021, ATOM reached its own in September 2021.
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Just like on the Internet where different apps and protocols communicate with each other, Cosmos is building an Internet of Blockchains. Nevertheless, developers and organisations are constantly looking for the next phase for the blockchain. Cosmos is called blockchain 3.0 because the network https://www.tradecrypto.com/news/crypto-industry-news/payment-service-brazil/ is faster and more scalable than the older blockchains. Looking ahead, Cosmos aims to continue to expand its ecosystem with a myriad of interconnected chains and apps until it creates a true Internet of blockchains. It remains to be seen whether this ambitious vision will come to fruition.
- THORChain is a decentralized exchange that allows users to swap native cryptocurrencies like Bitcoin, Ethereum, and Dogecoin without bridging them to a single chain or centralized exchange.
- Projects launched on the Cosmos Network should make it possible to have their tokens exchanged without too much fuss.
- Price has increased by 87.88 from the initial coin offering rate, so $100 investment is now worth $8,788.47.
- These states are reported and recorded on the Axelar blockchain.
Secure, manage, and exchange your ATOM with the mobile security of face or fingerprint scanning. This risk is higher with Cryptocurrencies https://www.tradecrypto.com/events/ico-events/dogebeer-ico/ due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.
Live Cosmos Chart in EUR
The first screen that appears on the app is the wallet interface. In the Wallet tab, you can see all the available coin balances and your wallet addresses for different currencies. You can also sort https://www.tradecrypto.com/news/legal-news/cftc-chair-examined-ftx/ the tokens by volume and hide any zero balances to make the screen easier to read and track your assets. Atomic Wallet also allows you to add any custom ERC-20 (Ethereum-based) token to the wallet.
In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. The Zone is IBC-compatible, meaning it can talk to all the other zones in the ecosystem. IBC transactions are cross-chain, so you can send data from one Zone to another. Osmosis has even surpassed the Cosmos Hub in terms of IBC transaction volume! The Hub settles 219,000 IBC transactions per month, while Osmosis has crossed over 358,000 IBC. In 2017, during the initial coin offering craze, Cosmos launched via an ICO conducted by the Interchain Foundation.
This is what motivated him to eventually create Tendermint and the Cosmos SDK. Cosmos is a decentralized network of interconnected blockchains, with the Cosmos Hub blockchain protocol being the underlying one. Cosmos’ native cryptocurrency ATOM is securing the Hub by staking and distributing transaction fees and staking rewards. The application layer sets up new applications across the network to enable interoperability.
Currently, more than 286.3 million ATOM tokens are in circulation. For comparison, Solana has some 320 million tokens in circulation, and Cardano has 33.6 billion tokens in circulation. Remember that each crypto is unique to its own environment.That’s why having more or less tokens isn’t too important.
- IBC works best with high finality blockchains but can be implemented through peg zones onto blockchains that don’t have this feature .
- That’s because it handles the networking and the consensus layers.
- The price which started the trade at the beginning of the year close to $5.
- If any of the zones start acting suspiciously in an attempt to compromise the integrity of the network, the number of ATOM tokens they get to keep gets reduced by the Hub.
- By purchasing your Cosmos with a credit card, CEX.IO will instantly notify and confirm your transaction through lightning-fast payouts.
Mr Eazi accuses Bad Bunny of sampling Joeboy’s song without permission
Mr. Eazi, the music executive, has accused Bad Bunny, the Puerto Rican rapper, of copyright infringement.
In a Twitter post, the Nigerian claimed Bad Bunny, born Benito Antonio Martínez Ocasio, ripped production elements off Joeboy who signed to Empawa, his talent incubator.
Eazi highlighted the songs involved as Joeboy’s ‘Empty My Pocket‘ and Bad Bunny’s ‘Enséñame a Bailar‘.
Joeboy’s song was published on Youtube in June 2021 while that of Bad Bunny was uploaded on the video-sharing platform in May 2022.
Streaming both songs on Youtube, the sound engineering appeared to be identical.
In a further callout via his LinkedIn, Mr. Eazi said all efforts to resolve the matter since May 2022 have proved abortive.
He claimed Bad Bunny recorded the song without undertaking a clearance process with Joeboy and Empawa.
Mr. Eazi also alleged that Rimas Music, Bad Bunny’s record label, is also denying Joeboy and his producer their rights.
“The intent of Rimas Music is to blatantly appropriate young African creators’ work for their gain without attribution,” the music executive wrote.
“I founded emPawa Africa to protect and support African creative entreupreunors and artists with a virtuous ecosystem, believing that Afrobeats and Afropop would be today what we wished then it would become.
“I am sharing this story even if plagiarism accusations and copyright infringement lawsuits are nothing new in music, but in this specific case, it is an ill intent of robbery and abuse.
“As it is taking someone’s song recording it and interacting with condescendence because we are African and independent label? We understand business. We know the value of our culture and friendships.”
Bad Bunny is a Puerto Rican rapper-singer whose musical style is primarily defined as Latin trap and reggaeton.
The Puerto Rican is yet to react to the allegation — as of the time of this report.
Bimbo Ademoye gets epic surprise package from VJ Adams on 32nd birthday (Video)
The spectacular birthday surprise that Nigerian video jockey VJ Adams gave to Bimbo Ademoye has left her stunned.
Today, the Nigerian actress Bimbo Ademoye turned 32 and was given a private and beautiful pre-birthday party by VJ Adams.
Adams brought along her family to the surprise private bash, saying he knows how much she loves family.
He captioned the lovely video with, “I know how much family means to you. Happy birthday, Queen. Intimate pre-birthday.”
In another video on his story, the video jockey treated the actress to a private food date.
Rumors of the duo being together have been in the news since last year, with either of them confirming or refuting the news.
This gesture has gotten people talking about them as a couple again.
In addition, Kunle Remi, the on-screen partner and close friend of Ademoye, gave her a goat as a birthday gift.
Bimbo Ademoye was heard in a viral video saying, “Kunle sent this sht; what am I supposed to do with a goat?” How can he put my name on a goat? “I can’t touch this sht.”
Mr Ibu fumes as wife accuses him of violence and dating adopted daughter
Stella Maris, the wife to Mr. Ibu, the Nollywood actor, has called him out over alleged domestic violence.
In a now-viral video, the pair were seen engaging in a heated face-off, with the actor yelling at Maris.
“Don’t let me get angry with you, do you hear me? Tell me what I want to hear right now. Stay there, are you mad?” the actor said.
Maris was heard in the video pleading with the film star. She also asked who is Chioma Jasmine to him.
“I get BP….who is Chioma now?” she had asked, further infuriating the actor.
In another clip, Maris claimed Mr Ibu was dating Jasmine who she described as his “girlfriend”.
She also accused the actor, born John Okafor, of neglecting her and their children.
“My children dey here dey suffer. This man came to kill me. Don’t tell me it is okay, you don’t know what I am suffering. He came prepared to beat and kill me,” she said in a mixture of pidgin and English.
“I ran away from him. He came from his girlfriend’s house to come and beat me. He removed his wristwatch and was about to beat me, I pushed him and ran away.
“Look at where I am living, there is crack everywhere…inside house, there is water. Look at the car I am driving, nothing, my children do not eat, no school fees, and you are telling me to do what. Not today, your cup is full.”
But reacting in an Instagram live session with Daddy Freeze, the actor denied the domestic violence allegations.
“She’s my wife but there has been so much misunderstanding between us. That’s because she doesn’t want to understand the kind of person I am and my way of life,” he said.
“One or two things happened and it became a quarrel so we went out to settle it. I didn’t know she has something to push out on social media.
“When came back from the police station, she started saying all sorts of things about me. She insulted my daughter and said all hell of things about her.
“She also insulted me, saying different things on air. I didn’t do anything to her.”
The actor also dismissed the claim that Jasmine was his girlfriend and not his daughter.
Daniel Okafor, the second son of the actor, who also graced the live session, spoke on the matter.
“She (Jasmine) is 100 per cent (my father’s) daughter, not biological but adopted right from childhood,” he said.
“Maris, who is my step-mother, is being brainwashed by her friends….my own mother is married to another man, but she is in Lagos.”
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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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