With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Avalanche and Cosmos Hub can be challenging. Our dedicated Avalanche to Cosmos Hub price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of avax vs. atom. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips
1 Avalanche (avax) == 1.2995839112344 Cosmos Hub (atom).
Rate : 1.2995839112344
Avalanche (avax) Price: 9.37$
Cosmos Hub (atom) Price: 7.21$
1 Avalanche is 1.2995839112344 Cosmos Hub.
Avalanche is a high throughput smart contract blockchain platform that utilizes a proof-of-stake consensus protocol. It is known for its speed, low cost, and environmental friendliness. The mainnet of Avalanche was launched in September 2020 and has since grown to secure over 100+ projects, with a large community of over 500k+ members globally. Additionally, Avalanche hosts decentralized finance (DeFi) applications like Pangolin and TraderJoe.
The Cosmos Hub is an ecosystem that consists of multiple independent blockchains called zones. Each zone operates with classical Byzantine fault-tolerant (BFT) consensus protocols such as Tendermint. The network allows interoperability among different zones through a shared hub, enabling the exchange of tokens without the need for intermediaries. The native token of the Cosmos Hub is called ATOM.
ATOM has three main use cases. Firstly, it is used as a spam-prevention mechanism by paying fees. Secondly, ATOM can be staked to earn block rewards, contributing to the network's economic security. Lastly, ATOM holders have the power to participate in the governance of the Cosmos Hub by voting on proposals using their staked tokens.
Avalanche and Cosmos Hub are both Layer 1 (L1) blockchain ecosystems that offer smart contract capabilities. While Avalanche focuses on high throughput and low-cost transactions, Cosmos Hub emphasizes interoperability among different blockchains. Avalanche has a growing ecosystem with various DeFi applications, while Cosmos Hub allows the connection of different blockchain systems to its hub.
Avalanche uses a proof-of-stake consensus protocol to secure its network, while Cosmos Hub utilizes classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint. Both protocols aim to ensure the security and reliability of their respective networks.
AVAX, the token of Avalanche, is primarily used for transaction fees, staking, and voting in governance. On the other hand, ATOM, the token of Cosmos Hub, serves as a spam-prevention mechanism, a staking token for earning block rewards, and a voting mechanism in the governance of the network.
As of now, Avalanche (AVAX) holds a higher market cap rank (19) compared to Cosmos Hub (ATOM) (30). However, it is worth noting that both tokens have experienced price fluctuations in the past 30 days, with AVAX showing a positive price change (19%) and ATOM demonstrating a negative price change (-19.8568%).
Avalanche and Cosmos Hub offer diverse features and capabilities within their respective ecosystems. Avalanche focuses on high throughput and low cost, catering to the needs of DeFi applications. On the other hand, Cosmos Hub prioritizes interoperability among different blockchains through its hub. Both projects have unique token utilities and play distinct roles in their networks. Being aware of their market cap and price performance can give insights into their current standings in the market.