ATOM - ATOM Dips 3% After Cosmos Founder Advocates For Blockchain Split | Benzinga
Jae Kwon, founder of the Cosmos network, has stirred up the crypto world by suggesting a chain split. This proposal has coincided with a 3% drop in the value of ATOM (CRYPTO: ATOM), the network’s native token.
What Happened: Kwon proposed a split in the Cosmos blockchain following the approval of proposal 848 by the Cosmos community.
The proposal, which gained 41.1% support, aimed to lower ATOM’s inflation from 14% to 10%. Unhappy with this decision, Kwon called for a hard fork.
Kwon proposed the creation of AtomOne, a forked chain of the Cosmos Hub, which ...