The ATOM token is the internal cryptocurrency of the Cosmos network. It has several very important functions. First, it is used to execute smart contracts and conduct transactions. New ATOM tokens are generated as a reward for validators every time a block of transactions is approved. Cosmos (ATOM) wallet Cosmos (ATOM) is the #24 largest cryptocurrency by market cap as of February 05, 2024, with a market cap of $3,485,717,795 USD.
Atom (ATOM) (not to be confused with abandoned project Atomic Coin (ATOM) is the main cryptocurrency existing on top of the Cosmos platform which is designed to facilitate communication, scaling and interoperation between independent chains. Billed as the Internet of blockchains, the Cosmos seeks to bring together various blockchains within a single platform and resolve several key issues plaguing this technology from the outset: Cosmos Hub Price & News The Cosmos Hub (ATOM) network is a Proof-of-Stake (PoS) mainnet with customizable blockchains called Zones. It enables developers to build more scalable blockchains and applications using its open-source tool, the Cosmos SDK.