There are several cryptocurrencies available at present. Some of them are very popular, while some of them are still new in the digital market. There are many challenges that each crypto face to be top in this race of cryptocurrencies. One of such crypto that tries to solve many challenges faced in this digital or crypto world is Cosmos.
Cosmos or ATOM just got popular by solving the toughest problems that are faced by the blockchain industry. It is known for improving the scalability, independence, and interoperability of cryptocurrency. This cryptocurrency is popularly known as the Internet of Blockchains. It comes with many different features that can be very useful for the blockchain industry. If you’re interested in knowing what stable coins are, visit this link to learn more.
If you are looking for a good cryptocurrency to invest in, then Cosmos is a great choice. But it is always important to know about the crypto before you invest. Here are some important points that you should know before investing in Cosmos.
It is faster:
If you are not new to the crypto world, then you must be aware of the number of cryptocurrencies in the present market. That means, there is too much competition between one another. So, with so much competition, the transaction processing speed has to be faster. You will have to pick such blockchain technology. Cosmos will be able to process 1000 transactions in one minute. It uses the Proof-of-stake algorithm. Compared to many other similar cryptos, this is the fastest.
The adoption rate is high:
As we have already discussed, there are several cryptocurrencies at present. It is very important to have a high engagement rate for the crypto to survive in the crypto market. If you check on Twitter, there are more than 1,60,000 followers. They will be able to gather a lot of information about the crypto, the roadmap or future of the crypto, and much other information. Apart from Twitter, it also has followers on Telegram, Reddit, and many other Cosmos forums. More popular means, it is helping people make good profits.
We use a crypto exchange or platform for buying or selling any cryptocurrency. There are several exchanges available at present. But not all cryptocurrencies are available on all the exchanges. You need to check out the right crypto exchange where the cosmos is available. But the best part about Cosmos is, it is easily available on most of the top exchanges. So, you will not face any challenges in buying this cryptocurrency. Some of the top exchanges where you can buy it are Kraken, Binance, Coinbase, and others.
Too many running apps:
Cosmos uses great technology according to its developers. But it is great only if people are adopting it. And yes, Cosmos is a great technology because it is having 255 apps running on this network. Some of the top apps include Crypto.com, Binance, and a few others.
Another benefit that you will be able to enjoy or a very important point that you should know before investing in Cosmos is its security. It is popularly known as the “Internet of Blockchains” and has many important features like interoperability. But despite its interoperability, there will not be any compromise with the security. All the transactions on the Cosmos network are highly secured.
Its Fee structure:
Another great feature that you will be able to enjoy with Cosmos is its fee structure. Ethereum is one of the most popular cryptocurrencies at present. They generate a part of their revenue with the help of their transaction fee. They accept fees only through ETH. But that is not the case with Cosmos. They accept fees through other tokens as well. For example, crypto.com can pay using CRO. You need not pay with just ATOM.
These were some of the best benefits that you will be able to enjoy with Cosmos investment. All the points mentioned above will help you in investing in this cryptocurrency. There are several other benefits of investing in Cosmos. The price has gone very high in 2019, almost 370 percent. It did fall after that, but Cosmos is a safe coin to invest in. So, you should get started with Cosmos to enjoy its benefits. With high security and faster transaction speed, it is a good investment.