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 <p class="is-style-lead">Founder of the Cosmos block<a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a>, Jae Kwon, has announced plans to fork a new <a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a>, called AtomOne, <a rel="noopener noreferrer nofollow" title="follow" href="https://thebittimes.com/tag/follow.html">follow</a>ing a <a rel="noopener noreferrer nofollow" title="governance" href="https://thebittimes.com/tag/governance.html">governance</a> vote that did not align with his stance.&nbsp;</p>
 <p>The news come after the Cosmos community welcomed a proposal to trim the maximum inflation rate of ATOM, the network’s native token, from 14% to 10%. The proposal recently passed despite Kwon voting against it, as it clinched the required governance vote.</p>
 <p>Kwon is now pushing for a split, seeking to fork the Cosmos network to create the new chain. He addressed the Cosmos community on X (formerly Twitter), emphasizing the need for a detailed discussion on the potential split.&nbsp;</p>
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    <p lang="en" dir="ltr">Now listen up Cosmonauts. Despite our voting NWV #848 has ended up passing, something that isn't too surprising (though it would be good to know whether the later votes came from newly purchased atoms) @cosmos @Allinbits_inc #raptureparty #atomone<br><br>Now let's coordinate a split.</p>— antechristus #343 (@jaekwon) November 25, 2023
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 <p>Kwon stressed the importance of clarity in the transition. He proposed integrating ATOM and ATMO/ATOM1, the token of the new <a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a>, aiming to avoid a mass sell-off of the original ATOM and encourage participation from the community.</p>
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 <p>Kwon’s strategy involves forking cosmoshub4 and maintaining the current software while introducing a “more decentralized” approach through independent plan and development teams. Kwon preached inclusivity, welcoming all those who voted against the proposal to join the venture.</p>
 <p>He further addressed the confusion within the community regarding the power dynamics of NO/NWV voters, and highlighted the fundamental principles guiding the new chain, AtomOne.&nbsp;</p>
 <p>Speaking further, he called attention to the concept of exodus, asserting that even a minority can <a rel="noopener noreferrer nofollow" title="create" href="https://thebittimes.com/tag/create.html">create</a> a superior civilization by self-organizing and making decisions based on sound logic.</p>
 <p>Kwon dismissed the notion of majority consensus as absolute control, asserting that the minority can still play a significant role. He emphasized the inevitability of individuals and groups forging their paths based on principles and logic, paving the way for a more resilient system.</p>
 <p>The Cosmos <a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> declared that those who disagree with the AtomOne vision are not welcome, urging them not to hinder the progress of the new <a rel="noopener noreferrer nofollow" title="chain" href="https://thebittimes.com/tag/chain.html">chain</a>. However, he reassured the community that AtomOne would not abandon the existing hub but instead work towards its improvement and clarification of its role.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cosmos-founder-pushes-to-create-new-chain-following-governance-vote-tbt71726.html">https://thebittimes.com/cosmos-founder-pushes-to-create-new-chain-following-governance-vote-tbt71726.html</a></p>

Cosmos founder pushes to create new chain following governance vote

TheBitTimes

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