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Cosmos Hub($ATOM) Live on THORChain Stagenet
June 07, 2022 #News #ATOM

Cosmos Hub($ATOM) Live on THORChain Stagenet


Cosmos Hub $ATOM L1 pool is now live on THORChain stagenet.

Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future. The Cosmos Hub is a multi-asset distributed ledger with a special native token called $ATOM used for spam-prevention(with fees), staking(security), and as a voting mechanism in governance.

THORChain Stagenet is a test environment where real funds are used. $ATOM is now live on stagenet and according to the core team, once at least 1 UI demonstrates end-user support, the process of releasing it to mainnet will commence.

Also, this successful integration will pave the way for IBC assets to connect to $BTC, $ETH and more  native  assets via THORChain.

Cosmos apps and services connect using IBC, the Inter-Blockchain Communication protocol. This innovation enables users to freely exchange assets and data across sovereign, decentralized money.

Cosmonauts, get ready!

The cave you fear to enter holds the treasure you seek