Cosmos is far from a conventional cryptocurrency, or indeed blockchain. Instead, it goes by the nickname “the internet of blockchains” and has positioned itself as an expanding ecosystem of numerous apps, services, blockchains, and payment providers; all interconnected across the web via the Inter-Blockchain Communication protocol (IBC).
Cosmos Hub (ATOM)
As touched on, Cosmos is an interconnected ecosystem used to communicate between various platforms using smart contracts. It aims to solve sovereignty, scalability, and sustainability in one fell swoop. It first appeared in a white paper in 2016 before launching as software in 2019. Of course, on account of its growing influence, ATOM is appearing more frequently in the crypto-gambling scene. As a cryptocurrency (and not a service), it behaves in a way that is no different from your typical altcoin. It still has fees and transaction times, and while they are more favorable than Ethereum and unquestionably more so than Bitcoin, there are other cryptos and altcoins out there which are faster and cheaper, if less interconnecting than ATOM.
Cosmos is a growing cryptocurrency and blockchain, and ATOM (while not exactly widespread) has decent coverage at crypto casinos. An ATOM casino, or a Cosmos casino if you prefer, is an online betting site that at least allows you to deposit and withdraw using ATOM. While those are the basic requirements of such a site, some go further and actively allow you to wager on games with ATOM and even claim casino bonuses.
Most of the ATOM-friendly games we’ve come across include table games that utilize RNG (random number generator) technology. In short, they are heavily based on roulette, blackjack, and baccarat games. However, a few table poker titles, such as Texas Hold ‘em poker, Omaha, and Caribbean Stud poker, aren’t out of the question, either. We haven’t seen too many ATOM-friendly slots if we’re honest. However, Cosmos casinos usually have in-house games, including crash and dice-based games that accept ATOM stakes.
After studying Cosmos, we’ve found a few perks to using this cryptocurrency at online casinos. These include:
ATOM is not as expensive to get hold of as mainstream cryptocurrencies. Moreover, any fees associated with deposits and withdrawals tend to be suitably less than those associated with Bitcoin, Ethereum, and other top-tier cryptocurrencies.
Cosmos has come on in leaps and bounds since its launch in 2019. Its cryptocurrency, ATOM, is one of the fastest-growing altcoins in the online gambling sector, so if you choose to play with it today, you can obtain it cheaply and expect to see a greater number of casinos accept it in the future.
We also came across a few disadvantages, and to be fair, we’ve covered those below, too. They include:
One major thing about Cosmos is that it offers considerably less anonymity than traditional Bitcoins. Unlike, let’s say, Zcash or Monero, every transaction is traceable, and this means that if you want to bet with cryptocurrencies to keep your identity private, that’s trickier to do with Cosmos.
One thing we’ve noted about depositing with ATOM is that the deposit caps tend to be substantially higher than with many other altcoins. Minimum deposit limits seem okay, but if your site doesn’t have responsible gambling tools that allow you to cap deposits and the deposit limits are high, this increases the risk of problem gambling.
We’ve got some top tips for you to consider before you sign up and play at a Cosmos casino, and we’re sharing them with you below.
Let’s throw the spotlight on two of our best Cosmos casinos below.
There are a few different options for getting your hand at ATOM before you play at Cosmos casinos. Let’s walk you through our five-step guide below.
Cosmos is a growing cryptocurrency, and we feel that its crypto coin, ATOM, is one to watch for the future. Cosmos could be the next big thing for the cryptocurrency world, but only time will tell. If you’re looking for a decent cryptocurrency to use when gambling, though, there isn’t much wrong with this option.
No, but here’s the good news – a growing number of crypto casinos are accepting ATOM.
Most of the ATOM-friendly games we saw revolved around RNG table games.
We didn’t see many instances of this, but it is not impossible if you know where to look.
We believe so, yes. Cosmos is a trusted cryptocurrency, and we haven’t seen any major issues with it.
Not necessarily, but the fees associated with ATOM transactions are much less than with mainstream crypto options.