{"id":182555,"date":"2021-02-18T21:00:33","date_gmt":"2021-02-18T21:00:33","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=182555"},"modified":"2021-02-18T19:57:04","modified_gmt":"2021-02-18T19:57:04","slug":"cosmos-atom-zooms-to-26-on-stargate-launch","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cosmos-atom-zooms-to-26-on-stargate-launch\/","title":{"rendered":"Cosmos (ATOM) surges 30% in past week on &#8216;Stargate&#8217; launch"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/cryptoslate.com\/coins\/cosmos\/\">Cosmos<\/a>, the high-speed interoperability platform, launched its much-awaited upgrade today. Here\u2019s what it means.<\/span><\/p>\n<h2><b>Stargate is here<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The much-awaited inter-blockchain communication (IBC) protocol launched on Cosmos today, as per an <\/span><strong><a href=\"https:\/\/twitter.com\/cosmos\/status\/1362398262209228801\">official tweet<\/a><\/strong><span style=\"font-weight: 400;\">. Prices of ATOM, the project\u2019s native token, bumped to over $24 in anticipation.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Congratulations Cosmos community on the successful and ambitious Stargate upgrade.<\/p>\n<p>The era of interchain has begun ? <a href=\"https:\/\/t.co\/BjNTvusnbw\">https:\/\/t.co\/BjNTvusnbw<\/a><\/p>\n<p>&mdash; Erik Voorhees (@ErikVoorhees) <a href=\"https:\/\/twitter.com\/ErikVoorhees\/status\/1362412210878877701?ref_src=twsrc%5Etfw\">February 18, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">\u201cStargate,\u201d as it is dubbed, contains a set of upgrades and a toolkit for developers that complete the original roadmap laid out in the Cosmos Whitepaper. Following the launch, various Cosmos blockchains will be able to \u201cconnect\u201d with each other using the first standardized protocol for inter-blockchain communication (IBC).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt gives birth to the Internet of Blockchains and the start of a new paradigm in the cryptospace. The upgrade comes with many great features, with the main one being Inter-Blockchain communication, which enables blockchains to talk to each other,\u201d explained the project in a post.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such upgrades bring significant performance improvements to blockchains built with Cosmos SDK. These include bringing so-touted 100x efficiency to the IBC protocol, a faster full node syncing process, and over 20 times faster upgrades on the mainnet.<\/span><\/p>\n<h2><b>The Cosmos surge<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As per a post, Cosmos SDK-based blockchains can incorporate the Inter-Blockchain Communication (IBC) Protocol to communicate with other compatible blockchains. The Cosmos Hub is the first blockchain to support IBC in production.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, for blockchains that built on top of Tendermint Core, the full-node synchronization process reduces from 2 days to just 30 mins or less.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, migration from one version to the next will take little to no time, as opposed to one hour or more before. Another beneficial feature is the new \u201cLight clients,\u201d or lightweight alternatives to a full node that allow a wide range of devices to safely and efficiently receive blockchain data for new network nodes and inter-blockchain communication.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, crypto traders and investors bid up the prices of ATOM in anticipation of the launch. The token traded under $5 two months ago, but today saw it reach the $26 level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per Coinbase data, the token has since lost over 2% after the Cosmos launch\u2014a case of buying the news, sell the launch?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cosmos, the high-speed interoperability platform, launched its much-awaited upgrade today. Here\u2019s what it means. Stargate is here The much-awaited inter-blockchain communication (IBC) protocol launched on Cosmos today, as per an official tweet. Prices of ATOM, the project\u2019s native token, bumped to over $24 in anticipation. Congratulations Cosmos community on the successful and ambitious Stargate upgrade. [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":182559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cosmos (ATOM) surges 30% in past week on &#039;Stargate&#039; launch<\/title>\n<meta name=\"description\" content=\"Cosmos, the high-speed interoperability platform, launched its much-awaited upgrade today. 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