Niobium Coin NBC to Cosmos ATOM Exchange

Crypto Pair Details: NBC to ATOM

Niobium Coin NBC

Niobium is a Ethereum ERC20 token created in partnership between brazilian an austrian entrepreneurs. Niobium Coin will boost all the services that will be provided in the platform of the Digital Business Exchange of São Paulo (BOMESP). With BOMESP, any company can have its own currency or can operate in the world of virtual currencies in parity with the Bitcoin, Ethereum, Ripple and the Niobium Coin itself. The principal services provided by the BOMESP are charged by means of Niobiums, which ensures the maximum valuation and the use of the currency, as well as extremely low percentages in order to enable its users to carry out millions of transactions per second on its platform.

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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