Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.
The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary. Let us review ATOM Price.
ATOM Price Prediction
ATOM is currently trading above the support zone at $28.78. If it continues holding this support, we could start seeing a move towards $32.85, $35.37, $39.44 and $46.02. If the resistance at $46.02 breaks, we could see a move towards $56.67 and $73.91. Failure to hold the support at $28.78 could lead to a drop towards $25.02, $22.46 and $18.07.
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