Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin bulls are confronted with Make-Or-Break-moment at $ 106,500 Resistance details

2025-05-18

Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

2025-05-18

XRP price that runs the risk of crashing 50%, here is why

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17

    Complating digital assets win the long game in Crypto

    2025-05-17

    US senators make potential progress on Stablecoin bill in the midst of partisan negotiations: report

    2025-05-16
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Why was Cosmos Hub’s ATOM 2.0 proposal rejected?
Analysis

Why was Cosmos Hub’s ATOM 2.0 proposal rejected?

2023-05-08No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Key learning points

  • After a hotly contested vote, the Cosmos Hub community rejected the proposal to implement the ATOM 2.0 white paper.
  • 37.99% of tokens voted “NoWithVeto”, indicating strong backlash from the community.
  • The proposal sparked controversy over the revamped tokenomics and the desire to deploy multiple complex new tools at once.

share this article

The ATOM 2.0 proposal was rejected by the Cosmos Hub community in a hotly contested vote; the proposal failed despite the support of the majority of voters.

ATOM 2.0 fails

After weeks of debate and a tense two-week voting period, the Cosmos Hub community decided earlier this morning to reject proposal #82, “ATOM 2.0: A New Vision for Cosmos Hub.”

Based on a white paper written by Cosmos co-founder Ethan Buchman and eleven others, the proposal was marketed as the next step in the evolution of Cosmos Hub. Among other things, the white paper suggested drastically changing ATOM’s tokenomics and building two new tools, the Interchain Allocator and the Interchain Scheduler, which they said would help strengthen Cosmos Hub as one of the most important appchains in the wider Cosmos industry. ecosystem.

The proposal, now regarded by some in the community as the most controversial in Cosmos history, saw an unusually high voter turnout of 73.41% of all ATOM tokens, with voting held tight until the end. In the end, 47.51% of the coins were pledged, 37.39% voted “NoWithVeto”, 13.27% abstained and 1.82% simply voted no.

While most of the tokens have indeed been pledged, Cosmos Hub’s governance mechanisms mean that a proposal cannot pass if more than 33.4% of voters opt for “NoWithVeto” – a system that prevents the Hub from falling prey to attacks of 51%. “NoWithVeto” is therefore a strong signal that community members use to communicate their belief that a proposal is actively detrimental to Cosmos Hub’s interests.

See also  Interchain Labs reveals a new bridge product called IBC Eureka to connect Ethereum and Cosmos Blockchains

Buchman recognized the strong reaction against the proposal in a tweetstorm: “To those who voted NoWithVeto, I respect your decision and hear you loud and clear: The proposal in its current form is untenable. Even if it passes, amendments are needed!”

Why was it rejected?

ATOM 2.0 was an ambitious and exciting proposition, and that may have been part of the problem.

The 26-page white paper did not limit itself to changing one or two aspects of the ATOM token, as the community had initially expected, but aimed to fundamentally transform the way the Cosmos Hub functioned by introducing three new key tools in addition to revamping tokenomics. For example, the Interchain Scheduler aims to be an on-chain MEV marketplace, while the role of the Interchain Allocator would be to enable mutual interest in various IBC chains; these are two very different, very complex topics, and ATOM participants may have ended up voting against the proposal because of one of the tools, despite liking the other.

Another vivid issue in the ATOM 2.0 proposal had to do with the revamped tokenomics. The whitepaper advocated sharply increasing ATOM token issuance for a short time to subsidize the Hub, then reducing emissions over a 36-month period. Critics argued that the change in monetary policy was unwarranted and details were missing as to how the Hub would use the accrued ATOM. Others were not convinced that ATOM emissions could be successfully replaced by other sources of income by the time emissions decreased.

Most likely, the various components of the ATOM 2.0 white paper will eventually be resubmitted to the community for voting as their own individual projects, as will a detailed proposal for Interchain Security – another ambitious initiative to position Cosmos Hub as a central part of the Cosmos ecosystem – was adopted in March.

See also  Analyst Compares Bitcoin's Collapse Below $50,000 to 2020's COVID-induced Crash and Sees BTC Actually Starting a Bull Run

Disclaimer: At the time of writing, the author of this piece owned ATOM, BTC, ETH, and several other cryptocurrencies.

share this article



Source link

ATOM Cosmos Hubs Proposal Rejected
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

2025-05-18

Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

2025-05-17

Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

2025-05-17

$ 40 billion in XRP on the road – where are they going?

2025-05-17
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin’s purchasing pressure weakened: traders, is it time to gather or leave?

2025-02-19

DWF Labs called Official Market Maker for JST as the ecosystem only expands

2025-04-30

Aurora to Solve Blockchain Fragmentation with ‘Forwarder’

2024-04-19
Editors Picks

How to Buy Crypto on Changelly via Unlimit Crypto – A Step-by-Step Guide

2024-06-10

This is how close the Bitcoin bottom could be, according to Trader who called the last market cycle TOP

2025-03-02

$1,100,000,000,000 of New Global Money Supply Injected into Bitcoin and Other Assets in Two Years: Jamie Coutts

2024-12-01

Potential FET Structure Shift: Could It Rise to $3.5 Before 2025?

2024-12-10

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin bulls are confronted with Make-Or-Break-moment at $ 106,500 Resistance details

Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

XRP price that runs the risk of crashing 50%, here is why

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,647.561.41%
  • ethereumEthereum(ETH)$2,470.49-0.47%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.391.86%
  • binancecoinBNB(BNB)$645.120.48%
  • solanaSolana(SOL)$170.582.21%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2289305.95%
  • cardanoCardano(ADA)$0.750.16%
  • tronTRON(TRX)$0.266014-2.09%
  • suiSui(SUI)$3.80-0.42%
  • chainlinkChainlink(LINK)$15.671.64%
  • avalanche-2Avalanche(AVAX)$22.640.53%
  • stellarStellar(XLM)$0.2891310.66%
  • hyperliquidHyperliquid(HYPE)$26.250.07%
  • shiba-inuShiba Inu(SHIB)$0.0000153.13%
  • hedera-hashgraphHedera(HBAR)$0.1928941.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-3.21%
  • bitcoin-cashBitcoin Cash(BCH)$399.851.64%
  • the-open-networkToncoin(TON)$3.131.56%
  • litecoinLitecoin(LTC)$99.221.53%
  • polkadotPolkadot(DOT)$4.700.80%
  • moneroMonero(XMR)$339.601.58%
  • bitget-tokenBitget Token(BGB)$5.174.32%
  • pepePepe(PEPE)$0.0000139.47%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.737.63%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.013.88%
  • bittensorBittensor(TAO)$421.28-0.58%
  • aaveAave(AAVE)$232.503.82%
  • nearNEAR Protocol(NEAR)$2.782.30%
  • aptosAptos(APT)$5.11-0.17%
  • okbOKB(OKB)$53.10-0.14%
  • ondo-financeOndo(ONDO)$0.942.38%
  • kaspaKaspa(KAS)$0.111755-0.83%
  • internet-computerInternet Computer(ICP)$5.241.41%
  • ethereum-classicEthereum Classic(ETC)$18.380.59%
  • gatechain-tokenGateToken(GT)$21.690.71%
  • crypto-com-chainCronos(CRO)$0.0986761.11%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.071.57%
  • mantleMantle(MNT)$0.731.00%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2353491.01%
  • vechainVeChain(VET)$0.0282341.64%
  • render-tokenRender(RENDER)$4.611.31%
  • ethenaEthena(ENA)$0.3822076.69%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.2213122.47%
  • filecoinFilecoin(FIL)$2.851.90%
  • cosmosCosmos(ATOM)$4.862.27%
  • bitcoinBitcoin(BTC)$104,647.561.41%
  • ethereumEthereum(ETH)$2,470.49-0.47%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.391.86%
  • binancecoinBNB(BNB)$645.120.48%
  • solanaSolana(SOL)$170.582.21%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2289305.95%
  • cardanoCardano(ADA)$0.750.16%
  • tronTRON(TRX)$0.266014-2.09%
  • suiSui(SUI)$3.80-0.42%
  • chainlinkChainlink(LINK)$15.671.64%
  • avalanche-2Avalanche(AVAX)$22.640.53%
  • stellarStellar(XLM)$0.2891310.66%
  • hyperliquidHyperliquid(HYPE)$26.250.07%
  • shiba-inuShiba Inu(SHIB)$0.0000153.13%
  • hedera-hashgraphHedera(HBAR)$0.1928941.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-3.21%
  • bitcoin-cashBitcoin Cash(BCH)$399.851.64%
  • the-open-networkToncoin(TON)$3.131.56%
  • litecoinLitecoin(LTC)$99.221.53%
  • polkadotPolkadot(DOT)$4.700.80%
  • moneroMonero(XMR)$339.601.58%
  • bitget-tokenBitget Token(BGB)$5.174.32%
  • pepePepe(PEPE)$0.0000139.47%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.737.63%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.013.88%
  • bittensorBittensor(TAO)$421.28-0.58%
  • aaveAave(AAVE)$232.503.82%
  • nearNEAR Protocol(NEAR)$2.782.30%
  • aptosAptos(APT)$5.11-0.17%
  • okbOKB(OKB)$53.10-0.14%
  • ondo-financeOndo(ONDO)$0.942.38%
  • kaspaKaspa(KAS)$0.111755-0.83%
  • internet-computerInternet Computer(ICP)$5.241.41%
  • ethereum-classicEthereum Classic(ETC)$18.380.59%
  • gatechain-tokenGateToken(GT)$21.690.71%
  • crypto-com-chainCronos(CRO)$0.0986761.11%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.071.57%
  • mantleMantle(MNT)$0.731.00%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2353491.01%
  • vechainVeChain(VET)$0.0282341.64%
  • render-tokenRender(RENDER)$4.611.31%
  • ethenaEthena(ENA)$0.3822076.69%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.2213122.47%
  • filecoinFilecoin(FIL)$2.851.90%
  • cosmosCosmos(ATOM)$4.862.27%