Asian Fintech AFIN to Cosmos ATOM Exchange

Crypto Pair Details: AFIN to ATOM

Asian Fintech AFIN

The Diverse and Utility Token with Co-Blockchain. Asian Fintech (Afin) provide online business platform for various business entrepreneurs and companies and bring them on Blockchain platform to applications for business platforms in those fields. Afin is incorporating Blockchain technology to expand and diversify the business of Afin and its partners. It is cost effective and convenient for both the sellers and the buyers Afin has developed Co-BlockChain as well. The ERC-20 was used for the major currency, Afin Coin. And chose the SCP standard for the AfinS coin blockchain, which is a secondary currency for the efficiency of payment and transfer.

Cosmos ATOM

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. 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.

SOURCE: COINGECKO

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