CasinoCoin CSC to Cosmos ATOM Exchange

Crypto Pair Details: CSC to ATOM

CasinoCoin CSC

CasinoCoin is a digital currency, designed specifically for the regulated online gaming industry. Utilising the latest in blockchain technology, CasinoCoin can facilitate up 1,000 peer-to-peer transfers per second, with near-instant confirmation. Built with users, gaming operators and regulators in mind, the CasinoCoin Bankroll Manager application features built in KYC capabilities, responsible gaming options, and provides an unparalleled user experience never seen before in the online gambling space. Users will benefit from a simplified registration process that, once completed, provides a seamless, secure and trustless online gaming experience. All at a tiny fraction of the current cost and time. Operators who integrate CasinoCoin into their gaming platform will gain access to a simplified user onboarding process, a new incremental revenue stream, and reduced fees associated with cross-border transactions. The nature of blockchain technology means that regulators will benefit from the most secure and transparent funding system available today. A near-perfect anti-money laundering (AML) environment has been developed, utilising the latest KYC technology coupled with a new, proprietary AML tracking tool; the most advanced and thorough in the industry.

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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