Coinspeaker
Cosmos Founder Proposes Chain Split, Native Coin ATOM Posts Immediate Losses
On Sunday, November 26, Cosmos founder Jae Kwon proposed a chain split to community members, following an earlier decision to reduce ATOM’s inflation. The Cosmos community had earlier agreed to take the inflation of ATOM – the native coin of Cosmos Hub – from 14% to 10%. That was after they voted 41.1% in favor of the reduction as opposed to a 31.9% vote against it.
Meanwhile, the decision is expected to negatively impact the annualized staking yield of ATOM. That is from approximately 19% to about 13.4%. And that may be the reason why Kwon and many others not in support of reducing ATOM’s inflation, were not impressed by the outcome of the voting.
Kwon Proposes Hard Fork to Cosmos Community
So, with respect to that, Kwon took to his X page to ask for the immediate coordination of a split. His post on X requested input from community members, as he asked them to put forward their ideas abou
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