StrongHands SHND to Cosmos ATOM Exchange

Crypto Pair Details: SHND to ATOM

StrongHands SHND

StrongHands™ is a free open source project derived from Bitcoin, with the goal of providing a long-term energy-efficient crypto-currency. Build on the foundation of Bitcoin, innovations such as proof-of-stake help further advance the field of crypto-currency. StrongHands™ is a StrongHands™ network-compatible, community-developed wallet client. The project has been designed to provide people with a stable, secure, and feature-rich alternative to the StrongHands™ reference wallet PPCoin. To help facilitate broad community cooperation, many trusted StrongHands™/Peershares community leaders have write permissions to the project’s codebase, allowing for decentralization and continuity. Community members, old and new, are encouraged to find ways to contribute to the success of the project. If you have experience with programming, product design, QA engineering, translation, or have a different set of skills that you want to bring to the project, your involvement is appreciated!

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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