Cosmos is a predefined ecosystem of multiple networks and tools oriented to chain technology, it facilitates the development of unique, interoperable and fully synchronized blockchain systems.
The network has a final main chain that is known as the Cosmos hub, it is nothing more than a central ledger that incorporates all the compatible blockchain systems, and these are called zones. Each and every zone is fully customizable, allowing concerned developers to design not only their own non-fungible tokens, but also cryptos, smart contracts, and many other features into their respective chain system configurations. blocks.
Blockchain technology was inaugurated by BTC in the past, it was the first functional blockchain we got after many other cryptocurrencies based on their own blockchain environment were launched, and many issues related to compatibility and have already been addressed. the scalability.
Cosmos provides developers with a wide range of tools that they can use to solve scalability and interoperability problems with their chain systems; most of these tools you would get your hands on are open source which means you have a more independent approach you could use with these systems, trying to customize them to your absolute element with respect to your own user preference and customer oriented goals. the network in question.
It has remained an extremely popular choice among developers, the sensation continues to pervade even to this day, which is nothing short of phenomenal. In fact, many beginner traders trade with ATOM using crypto trading access platforms, Immediate Edge Web App is one of them and is recognized for providing greater security.
We now have a deeper insight into exploring Cosmos. Why is it still the best option when it comes to developing on-chain systems and customizing them for the individual needs of crypto and other decentralized projects?
So what is ATOM?
It is the standard cryptographic token belonging to Cosmos, it has been around since this network was created. There are multiple use cases of ATOM and the most important ones are the following:
All users must pay their outstanding balance, which was incurred based on the computing power of Cosmos that they have used over the years to power their network. It is the standard crypto, that is why all trades made on the platform must be paid and accounted for in this crypto.
It also participates in the main governance system of Cosmos, which means that if a user has a large number of ATOM tokens in their hands, they will be able to participate in many sensitive issues of the platform and might have a better experience. work parameters that drive decisions for the platform.
Crypto is presented to those who participate in authorizing operations (which are carried out in cosmos and all the blockchains that will be derived and developed from the network). It means that each and every financial aspect of Cosmos is properly controlled by ATOM.
Initially an ICO was developed for its circulation, but it is not like BTC and other cryptos because it has an unlimited supply, unlike these others that come in a finite number. ATOM, on the other hand, is infinite, which means it can be minted throughout the day. In other words, there is no limiting factor within the overall Cosmos schedule to restrict the amount available in circulation, which means that the crypto is inflationary and cannot be used as a hedge against this factor.
This severely limits the use case for ATOM and the technologies available, typically people who are interested in the idea of decentralization and cryptos look to these tokens as a hedge against inflation; They carry out large operations in order to obtain a good profit in the future. However, that might not be the case with ATOM at all.
ATOM Values: Fluctuation in 2022
Despite numerous on-chain developments, the prolonged falling market has kept the crypto on that trend. The crypto ended the month of May at $10.29, a substantial pullback in value. New lows of $5.59 were recorded in mid-June.
As of July 21st and at the time of writing, the crypto was valued at over $10, with a capitalization of around $2.9bn, making it the 26th largest crypto by that metric at the time.
Some experts have a forecast of the value for this year, which suggests that it would close around USD 18. They also claim that it will reach around USD 17 within a year, in addition to reaching USD 51 in five years.