Secure Cosmos (ATOM) Wallet on Web, Desktop, Mobile and Chrome Extension Platforms
Get the best Cosmos (ATOM) experience on Guarda – a leading provider of non-custodial storages with built-in exchanges and purchases supporting Cosmos and 40 more major blockchains.Get started
Wallet for Cosmos (ATOM)
Guarda Wallet is a multicurrency non-custodial light wallet. We support the most popular coins and tokens, and Cosmos (ATOM) is one of them (along with Bitcoin, Ethereum, Ripple, Monero, Litecoin, etc.). It is easy to use: you don’t even need to create an account and you can feel secure since we don’t store any user’s personal data. Guarda was designed as an interface where clients can manage, store, transfer and receive coins and tokens.
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Cosmos ATOM Cryptocurrency
While such payment services as PayPal and Visa can perform hundreds and thousands (respectively) transactions per second, the Bitcoin network makes even less than ten. This is the point when we start talking of scalability improvements in the blockchain-related financial processes.
The second issue comes from the siloed nature of blockchain economies. Different networks cannot transfer assets between each other, thus the users have to seek the assistance of various exchange services. This makes the operations expensive, complicated in terms of algorithm and pretty extended in time.
Thus, the developers of Cosmos aimed to solve all the problems at once by creating an “Internet of blockchains” instead of building one more chain with its benefits and costs. In fact, Cosmos network comprises several blockchains called “Zones” attached to the central one called “Hub”. Here’s the explanation given in the project’s white paper:
“The zones are powered by Tendermint Core, which provides a high-performance, consistent, secure PBFT-like consensus engine, where strict fork-accountability guarantees hold over the behavior of malicious actors. Tendermint Core’s BFT consensus algorithm is well suited for scaling public proof-of-stake blockchains.”
If you feel the necessity to go deeper in technical details, you can read the whole thing here.
|Ticker||Max Supply||Start Date||Website|
|ATOM||—||March 13, 2019||https://cosmos.network/|
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Cosmos ATOM Price
While the zones are relatively independent and, therefore, they operate with their own cryptocurrencies, the hub is fueled by ATOM assets native to the Cosmos chain. Being quite a young currency (even in the context of a crypto market), ATOM already managed to crawl to the top of CoinMarketCap according to the trading volume and market capitalization. Right now it is ranked number 19 which means that the Cosmos blockchain native coin has already outrun such prominent assets as Ethereum Classic, Zcash, Tezos and Ontology, for example. Though its price at the moment fluctuates at around $4 for one ATOM, there’s a big chance of growth for the coin with the further development and adoption of the technology.
Since ATOM assets are required for transactions between blockchains and payments of commissions, it’s necessary to obtain some amount before starting to work with the Cosmos network. ATOM tokens are available on most popular trading platforms, can be bought within Guarda Wallet (due to its built-in cryptocurrency purchase feature) or can be gained through mining. Mining ATOM is carried out by using the Tendermint algorithm, which is a hybrid version of the PoS mining algorithm.
Create a Cosmos ATOM Wallet
You can start managing your Cosmos ATOM assets on Guarda in just a few clicks. To make your cryptocurrency journey easier, we’ve made up this step-by-step guide on how to create a web wallet for Cosmos ATOM:
- Click “Create Wallet” on the official website of Guarda Wallet
- Once you’ll click it, you’ll be redirected to the welcome screen – choose to create a new wallet once again there
- Come up with a secure password for your Cosmos ATOM wallet by following the tips from our crypto wallet password guide
- Download your backup file and keep it safe away from the public eye (remember that Guarda won’t be able to restore it in case of loss since our wallet is non-custodial and it doesn’t keep your password, backup, private keys or any other personal data)
- Congratulations! Your Cosmos ATOM wallet has just been created! Enjoy managing your crypto with Guarda friendly interface.
Cosmos ATOM Cryptocurrency Basics
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