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Cosmos Hub puts new version online for draft changes

 


Yesterday, October 29th, an updated version of the Cosmos Hub white paper was posted online for the project's community to vote on. According to the development team, the new version includes changes to the allocation mechanism of Cosmos 

The first version of the new whitepaper was published in September, focusing on improvements in terms of interoperability and security in addition to changes to the project's own token. The new cryptocurrency issuance economic model aims to achieve a better balance between ecosystem growth and interchain adoption, while “maintaining the security level of the old version.”


However, some community members criticize that the new award mechanism, originally proposed by Sam Hart, Cosmos Hub's chief strategy officer, would mean a significant reduction in the amount in circulation. Because while the release of 10,000,000 ATOM in the first month was previously targeted, this number is now to be reduced to 4,000,000ATOM.

According to Hart, the new document " marks the transition to the next phase of Cosmos Hub as an infrastructure services platform and to a new role for ATOM as the primary means of payment on the Cosmos Network."


In addition, the white paper wants to introduce two new features with the Interchain Scheduler and Interchain Allocator, and a new publication in the context of liquid staking is also being sought.


The proposed plan would be managed by the Cosmos Councils, made up of select network participants responsible for network delivery and development.


In the Cosmos ecosystem, the blockchains are designed to scale and operate with each other. Cosmos Hub was originally the first blockchain built on top of Cosmos and acted as a bridge between other connected blockchains.

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