You can now add Cosmos (ATOM) and Tezos (XTZ) to your portfolio on Okcoin — and get some of the lowest fees around. And Cosmos and Tezos staking will be available soon. 👀
Deposit ATOM on Okcoin
Deposit XTZ on OkcoinTL;DR What? Okcoin customers will soon be able to buy, sell, and trade ATOM and XTZ against USD. Who? Both assets are available to all Okcoin customers, except for residents of the EU, the UK, Singapore, and Brunei. When? Deposits are open for ATOM and XTZ. Trading will be available on July 22 at 9 pm PT and withdrawals July 26 at 9pm. Cosmos and Tezos staking will be available soon. What is Cosmos (ATOM)?
Cosmos is not your usual blockchain project: It’s a network of different blockchains. These blockchains communicate via the Inter-Blockchain Communication (IBC) protocol, an interoperability protocol designed to make communication between blockchains easier.
As a third-generation blockchain platform, the aim of Cosmos is to bypass some of the issues traditional blockchains face. In particular, Cosmos aims to make the development of decentralized applications easier for developers, thanks to its modular architecture.
The primary hub for routing transactions and data between blockchains within the Cosmos network is called the Cosmos Hub. Also known as “Gaia,” the Cosmos Hub is a proof-of-stake (PoS) blockchain.
ATOM is the native crypto token of the Cosmos Hub. It is mainly used to:Pay transaction fees Secure the network by staking Vote on governance proposals
Deposit ATOMWhat is Tezos (XTZ)?
Tezos is also a third-generation blockchain project focused on smart contracts – but one of Tezos’ big differences is that it’s a “self-amending protocol”.
What does that mean? Put simply, Bitcoin and Ethereum risk a hard fork every time they introduce a significant protocol change. In the case of Tezos, developers put forward proposals that XTZ holders can then vote on. This...