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    QONEQT in Crypto News

    31-Oct-2022 03:15 PM


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    Cosmos Hub postpones vote date following white paper revision

    An updated version of the Cosmos Hub white paper went live on October 29, with the community now set to vote on the document.
    According to the project, concerns related to the issuance model of Cosmos (ATOM) were addressed in the new revision, among other issues.
    The paper’s first version was published in September, proposing a redesigned Hub focused on strengthening interoperability and security, along with key changes to its token, with a new issuance model aiming to strike a better balance between ecosystem growth and interchain adoption, “while still preserving the security afforded by the original regime,” according to the white paper.
    The transition phase would see 10,000,000 ATOM issued in the first month, decreasing over time until it reaches the steady state phase 36 months later.
    The updated version proposes a 4,000,000 ATOM mint into the community pool instead.
    In the Cosmos ecosystem, blockchains are designed to scale and interoperate with each other.
    Source: Cointelegraph
    #Crypto