Cosanta

COSA Rank #1663

$1.76▼ 2.28%24h

Low $1.76High $1.82

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Market cap$5.58MRank #1663

Fully diluted value$5.58M

Volume (24h)$25.5KVol / Mcap 0.46%

Circulating supply3.17M5.7% of max

Total supply3.17M

Max supply56.04M

All-time high$11.71Apr 27, 2023

All-time low$0.1918Jun 25, 2024

What is Cosanta?

Overview

Cosanta provides B2B solutions built around masternodes designed to function as software-defined networking infrastructure. The network aims to deliver quality of service, high availability, and resistance to distributed denial-of-service attacks. The project operates as a community-driven network without pre-mining.

How it works

Cosanta uses a modified version of Dash's original codebase, replacing the X11 algorithm with Cosa (X23) to prevent ASIC and GPU mining dominance. The network operates on a hybrid consensus model combining proof-of-work and proof-of-stake mechanisms. COSA tokens are wrapped on BNB Chain for compatibility with Binance Smart Chain applications.

Token and supply

COSA has a maximum supply of approximately 56 million tokens. New tokens are issued through hybrid mining (PoW and PoS). The wrapped COSA token on BNB Chain enables trading and interaction with decentralized finance protocols like PancakeSwap.

Team and history

Cosanta launched on July 16, 2021, using modified Dash code. The project has since transitioned to hybrid mining and is developing a mobile application.