Ethereum

Cosmos

<ul>
 <li>Kwon has declared his intent to fork a new network called AtomOne.</li>
 <li>The founder recently disclosed intentions of integrating $ATOM with $ATMO/$ATOM1.</li>
</ul>
<a href="https://metaschool.so/articles/ethan-buchman-jae-kwon-founders-cosmos-network-profile/#:~:text=Jae%20Kwon%20is%20a%20software%20engineer%20and%20entrepreneur,the%20cryptocurrency%20and%20blockchain%20communities%20for%20many%20years." target="_blank" rel="noopener noreferrer nofollow">Jae Kwon</a>, the founder of <a href="https://thenewscrypto.com/cosmos-hub-approves-reducing-maximum-inflation-rate-of-atom-to-10/" target="_blank" rel="noopener noreferrer nofollow">Cosmos</a>, publicly opposed a motion passed by the Cosmos hub governing council. In retaliation, Kwon has declared his intent to fork a new network called AtomOne from the existing Cosmoshub4.
The forthcoming network will function independently, complete with its own governance plan and development staff, and will prioritize <a href="https://byjus.com/commerce/what-is-decentralisation/" target="_blank" rel="noopener noreferrer nofollow">decentralization</a> in all aspects of its operation. The governing council of Cosmos Hub adopted a proposal to lower the maximum inflation rate of Cosmos (<a href="https://thenewscrypto.com/cosmos-atom-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">ATOM</a>), the native token, from 14% to 10%.
Moreover, according to reports, the authorized adjustment would reduce ATOM’s annualized stake income by around 6%. The Cosmos network is a group of linked blockchains, the primary of which is the Cosmos Hub. On the network, the ATOM token is utilized for staking, voting, and fees for transactions.
Only 41.1% of voters supported the initiative, while 38.5% were against. A surge of votes and some shifts in validators’ opinions turned the tide right before the deadline, even though it seemed like it would fail.
<h3 class="wp-block-heading" id="h-working-on-cosmosone">Working on CosmosOne</h3>
The proposal’s detractors also claimed that it would have a bad effect on small validators, which would have a knock-on effect on the retail sector and on firms engaged in the development, trade, and validation of ATOM. Also, a hardfork of the Cosmos Hub blockchain, which Jae Kwon plans to rebrand as CosmosOne, is in the works.
Kwon recently disclosed intentions of integrating $ATOM with $ATMO/$ATOM1 in an effort to prevent mass sales and a possible collapse of the market. Kwon stressed the need of enhancing the README and solicited input from tokenomics specialists.
The idea entails forking “cosmoshub4,” retaining the present software but establishing a separate plan with decentralized development teams, exceeding the decentralization level of Gaia.
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Cosmos Founder Plans to fork Cosmos Hub Amid Governance Dispute

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