1xBit, the crypto gambling site, has once again proven to be the change it preaches by always unveiling services that improve quality, as seen with the latest addition of Cosmos as a new payment method on 1xBit.
Origins of Cosmos
Software engineers Jae Kwon and Ethan Buchman co-founded the Cosmos network through aid from the Interchain Foundation (ICF), a Swiss non-profit that funds cryptocurrency projects.
The release of the Cosmos network ushered in a new era in the crypto space where Cosmos was the new network and ATOM was the native cryptocurrency of the network, a project focused on customizability, interoperability and scalability.
What Makes Cosmos Special
The Cosmos network was developed to be the muster point between existing blockchains; rather than run as a separate entity, it seeks to remove the gap and allow every blockchain to communicate with each other.
Tendermint Byzantine Fault Tolerance is the core layer of the Cosmos network, making it possible for developers to build crypto projects without coding from scratch.
In the area of scalability, Cosmos runs as a Proof-of-Stake network, implying it can process transactions faster and with less energy consumption.
If you are part of the Cosmos community, you deserve to know that anyone holding ATOM is part of the network’s governance structure. For instance, if you are a validator, then you need ATOM (a certain number) to stake on the network, and anyone can delegate their ATOMS to validators and earn a portion of the reward.
The Cosmos network is unique and here to make the crypto betting experience even more convenient, moving us closer to the future through 1xBit.
Cosmos and Security
As stated earlier, Cosmos uses a Proof-of-Stake consensus algorithm. It chooses validators from a pool of top 100 nodes staking with the native cryptocurrency ATOM.
The network is most likely to select nodes with the highest number of ATOM tokens, ensuring an unbiased network. It maintains an honest system by penalising dishonest nodes, so they may even lose their stake.
These security features and other benefits are why 1xBit has to choose to list the token on its long list of available payment methods.
Advantages of Betting on 1xBit
If you are yet to use 1xBit, then you have not had the best experience in gambling and playing games. The website allows you to bet on games using only cryptocurrencies.
The quality experience starts from the on-set when you are about to register. The only data 1xBit needs from you is your email address, and you are now a full member who gets access to up to 7 BTC as a welcome bonus for your first four deposits. Use a promo code FLASH125 to claim a 125% bonus for the 1st deposit by registering.
Cosmos is now a new coin available on 1xBit alongside over 40 cryptocurrencies and more that will be added soonest.
Once you are a full-fledged 1xBit member, you can enjoy instant payouts and zero transaction fees.
Your data is safe and anonymous with 1xBit since every blockchain transaction is wrapped in a complex web of security protocols.
The future has already begun on 1xBit with its inclusion of Cosmos as a payment method. Join the 1xBit community and have a taste of Cosmos.