A revised vision of the Cosmos Hub is now expected to be on-chain for voting on Oct. 31, after being originally scheduled for Oct. 3.
On October 29, a revised version of the Cosmos Hub white paper went public, and the community will now vote on it. The project states that among other things, the latest release solved difficulties with the Cosmos (ATOM $13.61) issuing scheme. The white paper’s initial iteration, released in September, called for a revamped Hub with a focus on enhancing interoperability and security, as well as significant changes to its token. It also called for a new issuance model that would better balance ecosystem and interchain adoption “while still preserving the security afforded by the original regime”.
Members of the community voiced their worries regarding the revised proposed issuance plan for the token made by Sam Hart, strategy lead of the Cosmos Hub, who claimed that minting a sizable number of ATOM will reduce inflation levels. 10,000,000 ATOM would be distributed during the transition phase’s first month, with that number falling over time until the steady state phase was reached 36 months later. The revised version substitutes a 4,000,000 ATOM mint into the neighborhood pool.
Cosmos Hub proposal draft
According to Hart, the document “marks the transition to the next phase of the Cosmos Hub as an infrastructure service platform, and a renewed role for ATOM as preferred collateral within the Cosmos Network”. The Interchain Scheduler and Interchain Allocator, as well as a new optimized issuance regime for liquid staking, were also covered in the white paper.
The proposal states that the domain-specialized organizations known as Cosmos Councils would be in charge of managing the proposed plan’s development and day-to-day operations. Blockchain in the Cosmos ecosystem are built to scale and communicate with one another. The first blockchain constructed on the Cosmos platform was Cosmos Hub, which at first served as a bridge between other interconnected blockchains.
