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!