What is coingecko?

Stay tuned to learn more about this platform! CoinGecko is an essential tool in the cryptocurrency world, providing vast amounts of data about various cryptocurrencies, their performance, market prices, trading volumes, and other related information. Collection of top AI tools to use for different tasks.

What is atom (atom)?

ATOM is the native token of Cosmos, a decentralized network that provides open-source tools for developers to create their own interoperable blockchains. One of the biggest problems with blockchains is they are created independently and very few have the ability to transfer data between one another.

What is atom in Cosmos hub?

While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance. As a spam prevention mechanism, Atoms are used to pay fees.

How much does atom cost?

Users can “stake” their ATOMs (lock them up in a smart contract f or a period of time) to earn rewards. The process is similar to depositing cash into a bank account to generate interest over time. Stakers earn the rewards for their work securing the network. In 2019 and 2020, ATOM’s price hovered between $2 and $8.