Cosmos Soars 27% Upon Binance Listing, Crypto Community Raves

ATOM, the native crypto asset of the highly anticipated Cosmos blockchain network, has been listed by Binance, the world’s largest crypto exchange.

Changpeng Zhao, the CEO of Binance, said that the development team behind Cosmos refused to communicate with exchanges regarding listing opportunities but Binance proactively listed it due to its support of the project.

Cosmos is a proof-of-stake (PoS) blockchain network that prioritizes interoperability. If rolled out successfully, users on Cosmos will be able to swap tokens between various blockchain networks and communicate with users of other cryptocurrencies on the blockchain.

Once the so-called “validators” on the Cosmos blockchain network agree to activate the “Inter-Blockchain Communication (IBC) protocol, Cosmos will be able to operate as a platform that allows users to interact with other major blockchains.

Reference: https://www.ccn.com/cosmos-surged-27-binance-praise-crypto

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