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Bitfinex now supports the Cosmos ATOM token
Bitfinex now supports the Cosmos ATOM token
Crypto

Bitfinex now supports the Cosmos ATOM token

By Marco Cavicchioli - 25 Apr 2019

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Bitfinex has officially announced the listing of the Cosmos ATOM token on its trading platform.

The listing took place yesterday, Wednesday, April 24th, and there are three trading pairs available: ATOM/ETH, ATOM/BTC and ATOM/USD. In addition, for the first 15 days of trading Bitfinex users will benefit from 0% commission costs.

Bitfinex now allows users to deposit, withdraw and exchange ATOM tokens.

Cosmos is an innovative ecosystem composed of blockchains that can scale and interoperate with each other. It aims to solve the common problem of interconnection between the various blockchains, allowing them to exchange information while maintaining speed and efficiency.

The Cosmos ecosystem consists of a decentralised network of independent parallel blockchains, each powered by BFT consensus algorithms such as Tendermint.

Using Proof-of-Stake (PoS), Cosmos and Tendermint are building a fast and highly scalable consensus protocol to reduce the resources, time and complexity involved in developing blockchain-based applications. To achieve this goal, Cosmos also offers an interface for popular programming languages coupled to the network of parallel blockchains each powered by the consensus protocol.

The ATOM token powers the Cosmos ecosystem by supporting validation transactions and is also used to pay transaction fees on the main Cosmos hub.

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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