Cosmos community initiates ATOM 2.0 governance proposal voting

2022-11-01 08:06:26

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ChainCatcher news, the Cosmos community today launched the on-chain voting process for the upgrade of ATOM 2.0 to the Cosmos cross-network infrastructure platform. This governance proposal aims to make ATOM the preferred collateral within the Cosmos network, facilitating the transition of the Cosmos Hub as an infrastructure service platform to the next phase. The voting for this proposal will close on November 14, and current voting data shows that over 92% of members support the proposal.

It is reported that on September 26, Cosmos developer Tendermint released the white paper for ATOM 2.0 at the Cosmoverse conference. ATOM 2.0 will enable the Cosmos Hub to play a role in cross-chain interactions, making cross-chain access easier and enabling large-scale applications. It also proposed changes to the utility and issuance schedule of ATOM, intending to reduce the monthly new issuance of ATOM from exponential to a constant amount after a 36-month transition period. (Source link)

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cosmos ATOM2.0

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