Cosmos

<ul><li>Jae Kwon forked Cosmoshub4 into AtomOne in the quest for decentralization, following divisive ATOM inflation cut vote.</li><li>Market sees ATOM price surge post-inflation reduction decision; Cosmos ecosystem at a critical juncture.</li><li>AtomOne launch symbolizes a strategic shift in blockchain governance, challenging Cosmos Hub&#39;s current trajectory.</li></ul><a href="https://cryptotale.org/cosmos-atom-faces-crucial-crossroads-after-price-rejection-at-fib-resistance/" rel="noopener noreferrer nofollow">Cosmos</a> co-founder Jae Kwon has taken a definitive stand against the recent decision to cut ATOM&#39;s production rate. Despite his opposition, the proposal to reduce the maximum inflation rate passed, leading Kwon to announce a major fork of <a href="https://hub.cosmos.network/main/migration/cosmoshub-4-v9-Lambda-upgrade.html" rel="noopener noreferrer nofollow">Cosmoshub4</a>.Jae Kwon&#39;s vote against the <a href="https://www.mintscan.io/cosmos/proposals/848" rel="noopener noreferrer nofollow">proposal</a> to reduce ATOM&#39;s inflation from 20% to 10% was not enough to sway the outcome. As per the details shared on Wu Blockchain&#39;s recent post, the decision to slash the inflation parameter was contentious, fueling debates about its potential impacts on network security and token valuation.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ab28768fbe5044cc9965f2cc31910413.png" />In a move that underscores his commitment to a decentralized vision, Kwon has announced the creation of a new network, AtomOne. Managed by an independent plan and development team, AtomOne aspires to achieve a heightened level of decentralization, diverging from the current trajectory of the Cosmos Hub.Read full article at <a href="https://cryptotale.org/cosmos-founder-sets-new-path-with-hub-fork-over-atom-production-dispute/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cosmos Founder Sets New Path with Hub Fork Over ATOM Production Dispute

CryptoTale

Other articles published on Nov 27, 2023

Blast Crossed Lines in ‘Messaging and Execution,’ Says Paradigm Researcher

Standard Chartered Steps into China’s Digital Currency Endeavor with e-CNY Project

Fast-growing Tron Preferred over Bitcoin by Terrorist Groups: Report

Hong Kong Government Accelerates Cryptocurrency Product Approvals Following JPEX Rugpull: OSL Com...

Ripple Technical Analysis: Important Levels to Watch

New Binance CEO Richard Teng Promised A 1:1 Backing for Every User Asset

Join our free newsletter for daily crypto updates!