While the Cosmos Hub is a multi-asset distributed ledger, there is a special native token called the atom. Atoms have three use cases: as a spam-prevention mechanism, as staking tokens, and as a voting mechanism in governance.

As a spam prevention mechanism, Atoms are used to pay fees. The fee may be proportional to the amount of computation required by the transaction, similar to Ethereum’s concept of “gas”. Fee distribution is done in-protocol and a protocol specification is described here.

As staking tokens, Atoms can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of Atoms staked. The more Atoms that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more Atoms there are bonded, the greater the economic security of the network.

Atom holders may govern the Cosmos Hub by voting on proposals with their staked Atoms.

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Cardano has finally released its Hydra upgrade, the ETH Foundation Sold $30 Million of ETH, and Binance suspends BTC withdrawals multiple times as the Bitcoin network becomes more congested.

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TIMESTAMPS
00:00 Intro
0:24 BTC falls as Binance suspends withdrawals
2:00 ETH Foundation sells $30 Mn in ETH
3:07 Cosmos set to add Liquid Staking
4:26 Cardano releases Hydra Upgrade
5:46 IQ Protocol launches NFT Renting Market
7:31 Wanchain adds Bitcoin XFLOWS Bridge

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Please do your own due diligence and rating before making any investments and consult your financial advisor. We believe that the information presented is correct and accurate, however, there is no guarantee or warranty as to the accuracy, timeliness, or completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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TIMESTAMPS
00:00 INTRO
0:24 BTC holds 25k
1:25 The U.S Fed’s CBDC?
2:41 Hector Network Launches SaaS Bonding for DeFi
3:37 Cardano TVL is Rallying!
4:35 Astar partners with Shibuya City in Japan
5:56 Lido pushes stETH withdrawals till May
6:39 Arbitrum Airdrop Date Confirmed
8:17 Cosmos Hub upgrade to give more value to ATOM

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Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum.

The Kava Network uses a developer-optimized co-chain architecture. The Ethereum Co-Chain enables support for EVM smart contracts while the Cosmos Co-Chain enables the lightning-fast Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC).

The two co-chains are connected by a translator module that enables them to interoperate seamlessly, bringing the two most used blockchain development environments together in a single, scalable network.

The Kava Network features a native governance and utility token, KAVA, that can be staked by validators or delegated to validator nodes. Stakers and delegators earn 37.5% of all KAVA emissions as a reward for securing the network. Kava stakers also have voting rights in network governance proposals.

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Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

#Kava #ethereum #cosmos

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Cosmos ATOM is in a clear downtrend but showing some signs of a reversal coming in. But before we see the reversal, we might see more downward price action. What will be the ATOM bottom? What price levels should you be looking at? Let’s see what Frank has to say!

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Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

#Cosmos #ATOM #crypto

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