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Cosmos co-founder wants to fork the network – Does ATOM concur?
Cosmos co-founder is seeking to fork the network following a community decision to cut ATOM’s inflation rate down to 10%.
• Co-founder Jae Kwon has announced his intentions to fork the chain.
• This has brought about bearish sentiments that have led to low demand for ATOM.
Cosmos [ATOM] co-founder Jae Kwon has announced his decision to fork the Cosmos network to create a new chain called AtomOne.
This decision comes in response to the recent governance proposal that reduced ATOM’s inflation rate from around 14% to 10% and its staking Annual Percentage Rate (APR) from around 19% to about 13.4%.
Regarded as the most controversial proposal in Cosmos’ four-year history, proposal #848 sought to “reduce inflation, provide better incentives for staking, and improve (the) security of the network.”
The proposal narrowly gained approval with 41.1% of votes in favor, surpassing the 38.5% of votes against. This marked the highest-ever voter turnout in the Cosmos ecosystem.
Read More: https://eng.ambcrypto.com/cosmos-co-founder-wants-to-fork-the-network-does-atom-concur/
Cosmos co-founder is seeking to fork the network following a community decision to cut ATOM’s inflation rate down to 10%.
• Co-founder Jae Kwon has announced his intentions to fork the chain.
• This has brought about bearish sentiments that have led to low demand for ATOM.
Cosmos [ATOM] co-founder Jae Kwon has announced his decision to fork the Cosmos network to create a new chain called AtomOne.
This decision comes in response to the recent governance proposal that reduced ATOM’s inflation rate from around 14% to 10% and its staking Annual Percentage Rate (APR) from around 19% to about 13.4%.
Regarded as the most controversial proposal in Cosmos’ four-year history, proposal #848 sought to “reduce inflation, provide better incentives for staking, and improve (the) security of the network.”
The proposal narrowly gained approval with 41.1% of votes in favor, surpassing the 38.5% of votes against. This marked the highest-ever voter turnout in the Cosmos ecosystem.
Read More: https://eng.ambcrypto.com/cosmos-co-founder-wants-to-fork-the-network-does-atom-concur/
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