About Cosmos (ATOM)
Cosmos is a decentralized project and ecosystem developed to be an internet of blockchains. The network’s vision is to provide developers with a fluid network that allows for interoperability amongst blockchains and decentralized applications (dApps). The core team refers to this as the “future of the decentralized world”.
The project aims to simplify blockchain technology for developers through a modular framework that clarifies the creation of decentralized applications. Additionally, it introduces an Interblockchain Communication protocol to facilitate smoother interactions between different blockchain networks.
ATOM, the native token of Cosmos, plays a crucial role beyond just network operations. It's the essential fuel for interchain transactions. ATOM is utilized whenever swaps or data need to move between blockchains built on Cosmos. This functionality creates constant demand for the token within the ecosystem.
Transaction fees in this interoperable ecosystem are said to be among the lowest in the decentralized space, averaging around $0.01 each. Cosmos price is updated live and available on Binance.