Lunyr LUN to Cosmos ATOM Exchange

Crypto Pair Details: LUN to ATOM

Lunyr LUN

Lunyr (pronounced Lunar), however, is one of the most unique implementations of blockchain yet, aiming to be a decentralized, and peer-to-peer knowledge database, aka the “Blockchain-based Wikipedia”. It strives to be the most innovative and comprehensive source of knowledge in domains like crypto projects, technology, finance, law, investment, and more, on the web. The cofounders of Lunyr are Arnold Pham, Andrew Tran, and Christopher Smith. The Lunyr ICO ended on 26th April 2017, with around USD 0.3 million in capital being generated. The open beta was then launched on 30th January 2018. It is based on the Ethereum network. The reward system which enables writers to earn rewards for authoring articles was also launched at the same time, allowing writers to earn LUN coins in exchange for quality pieces. Initially, Lunyr will mostly focus on the world of cryptocurrencies and related domains, with emphasis on up and coming projects. After an active and dedicated community of readers and writers is developed, Lunyr will branch into other areas such as science and technology, investment, finance, etc. Lunyr is unique in its vision, and usage of the blockchain technology in order to provide a comprehensive, decentralised, crowdsource, and peer-reviewed vault of knowledge, open and free to everyone. Lunyr aims to not only be a knowledge encyclopedia for the web, but also intends to enhance the blockchain technology by giving DApps (Decentralised Applications) the ability to tap into the knowledge base and access real-time data. This innovative feature can be used in applications ranging from Virtual Reality to Artificial Intelligence. The decentralised and peer-to-peer nature of Lunyr allows all content on the knowledge-base to be free from manipulation, and censorship. Since all submissions are peer-reviewed by the community, the chances of incorrect or dubious data making its way onto the encyclopedia are very low.

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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