Blockchain

Cosmos Hub Releases Voting Schedule After White Paper Update

On October 29, an updated version of the Cosmos Hub white paper went available, with the community now poised to vote on the document.
Cosmos Hub Releases Voting Schedule After White Paper Update 4

Concerns about the Cosmos token (ATOM) issuance methodology, among other things, were addressed in the current iteration, according to the project.

The first version of the paper was published in September, proposing a redesigned Hub focused on strengthening interoperability and security, as well as key changes to its token, including a new issuance model aimed at striking a better balance between ecosystem growth and interchain adoption while retaining the security afforded by the original regime.

Cosmos Hub Releases Voting Schedule After White Paper Update 5

During the transition phase, 10,000,000 ATOM would be released in the first month, gradually reducing until it reached the steady state phase 36 months later. Instead, the new version suggests a 4,000,000 ATOM mint into the communal pool.

Members of the community expressed worry over the token’s revised suggested issuance strategy provided by Sam Hart, Strategy Lead of the Cosmos Hub, who claimed that minting a considerable number of ATOM will result in reduced inflation levels.

Cosmos Hub Releases Voting Schedule After White Paper Update 6

In addition, the white paper described two functions, the Interchain Scheduler and Interchain Allocator, as well as a new optimized issuance regime for liquid staking.

According to the paper, the suggested plan would be controlled by the Cosmos Councils, which are made up of domain-specialized institutions that would be in charge of development and operations.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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