.jaekwon, founder of the cosmos blockchain, says the proposed ATOM2.0 token changes are unjustified by willcanny99
New Cosmos White Paper Revamps Cosmos Hub, ATOM Token
“In an ecosystem with one of the most advanced systems of governance like Cosmos, changes affecting the development of the Cosmos Hub and placing its security and dependability at risk, as well as radical changes to its monetary policy, must be thoroughly examined from all angles and broken down into individual components to be assessed one by one – not grouped together in an omnibus white paper proposed by a centralized committee,” Kwon said in emailed comments.
The Cosmos Hub continues to display resilience and economic security because the ATOM tokens are bonded and not earning yield or absorbing losses in a high risk over-leveraged environment, he said. “We need to ensure that such a harmful division of the Cosmos community does not happen again,” and the way to do this is by the creation of a constitution, he added.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Martin Shkreli Tells Do Kwon 'Jail's Not That Bad'The 'pharma bro' and the Terra fugitive talked shop about crypto as part of a 2.5+ hour YouTube and podcast stream of the show Up Only.
Read more »
The Future of Blockchain Technology is Multichain Interoperability | HackerNoonSota Watanabe is a founder of Astar Network, the Future of Smart Contracts for Multichain. - multichain blockchain
Read more »
HashKey Group’s blockchain member obtains full Hong Kong crypto trading licenseHash Blockchain received full licensing to provide crypto asset trading services in Hong Kong.
Read more »
Fintech Firm Qenta to Go Public Through SPAC MergerQenta, a fintech firm that tracks precious metals using blockchain technology, will be listed on Nasdaq following a SPAC deal with Blockchain Coinvestors Acquisition Corp. Reporting by oknightcrypto.
Read more »
BREAKING: FTX appears to have resumed withdrawals Blockchain data showsFTX already resuming withdrawals? On-chain data seems to suggest it has.
Read more »