Question 1

Is Cosmos (ATOM) a Good Investment?

Accepted Answer

Cosmos promises to make blockchain technology far more scalable, interconnected and secure, which could potentially power increased confidence in driving mainstream adoption. An uptick in the adoption of the Cosmos Hub and Cosmos SDK to develop more decentralized applications could make ATOM a valuable cryptocurrency to invest in, sending the Cosmos price and market cap on an uptrend.

As more blockchain ecosystems connect to the IBC protocol, the overall Cosmos network can become even more robust. Enabling interconnectivity between different blockchains and allowing for seamless transfer of digital assets across ecosystems can power up the use of Cosmos and support the ATOM price in the future.

Apart from the future potential of Cosmos, ATOM is also an attractive crypto to include in your portfolio as it offers a way to generate passive income. You have the option to stake ATOM tokens to earn attractive interest and grow your portfolio, making it an interesting crypto to buy and hold in the long term.

Question 2

How to Earn Cosmos’ ATOM

Accepted Answer

There are several ways to increase your ATOM holdings, including:

Buying and Trading Cosmos (ATOM)

Follow the price action of ATOM and perform careful market analysis to find the right time to enter the market and trade Cosmos. If traded carefully, you can potentially profit from investing in ATOM.

Keep in mind, however, that Cosmos and other cryptocurrencies are subject to high volatility and unpredictability. We recommend that you gain some expertise on how the crypto market moves and what causes fluctuations in ATOM price before buying or selling this crypto to increase your likelihood of profit.

Lend ATOM

KuCoin offers an attractive way to generate a stream of passive revenue with your ATOM holdings. Head to KuCoin’s Crypto Lending section to lend liquidity on our exchange.

Enter the number of ATOM you wish to lend, select the tenure - choose from 7 days, 14 days, or 28 days, and review our daily interest rate on offer. Get an idea of your estimated profit before confirming the transaction.

Stake Cosmos (ATOM)

You can also earn more ATOM via staking the native crypto asset of Cosmos. Staking helps improve the overall resilience and security of the Cosmos ecosystem and makes its community more engaged. In the process, you even get rewarded for your efforts.

Question 3

Where to Stake Cosmos (ATOM)

Accepted Answer

One of the most convenient ways to stake ATOM hassle-free is on the KuCoin platform. Simply head to KuCoin Earn and look for the ATOM crypto from our list of offerings.

Pick the type of staking - we offer staking, promotions, and savings options. Select the option that is right for you based on the level of risk you are willing to take on and the returns you are up for.

Question 4

Is Cosmos Better Than Ethereum?

Accepted Answer

While each blockchain comes with its own strengths and drawbacks, there are several areas where Cosmos could potentially offer an advantage over Ethereum:

More Efficient PoS Consensus Mechanism

As of May 2022, Ethereum’s plans to migrate to a PoS consensus have been delayed further. The challenge of using a proof of work consensus continues to make the Ethereum blockchain inefficient from an energy perspective and throws up challenges related to network congestion and high transaction costs.

Lower Transaction Fees

On the other hand, transactions on the Cosmos blockchains are far more affordable and faster, making it an attractive platform to use both for consumers as well as dApp developers. The Cosmos network consists of infrastructure that can be more affordable and attractive for users to consider.

High Scalability

The IBC Protocol is likely to make Cosmos and its network of interconnected yet independent blockchains an extremely scalable ecosystem in the future. An ecosystem that is as scalable can support more real-world and commercial applications, encouraging mainstream adoption of its technology.