Cosmos (ATOM) founder announces hard fork following latest proposal approval

The Cosmos Hub community passed proposal #848 to cut the ATOM’s inflation to 10%. While 41.1% of the participants supported the initiative, the project’s founder, Jae Kwon, has called for a blockchain split.

Kwon has revealed an upcoming hardfork that will see the crypto network launching a new platform called AtomOne. His bold move aims to attain heightened decentralization in the Cosmos environment.

Know will use his strategies and Cosmos developers to manage and operate AtomOne independently.

Bolstering Cosmos decentralization

Jae Kwon’s decision to split Cosmoshub4 highlights a crucial move towards enhancing the network’s decentralization. A dedicated team focusing on development will run the new AtomOne fork. That will ensure a less centralized leadership while offering an autonomous network that can satisfy all user needs.

Cosmos has attracted attention due to its developments and innovation. Nonetheless, the latest decision (to reduce ATOM’s maximum inflation to 10%) catalyzed debates among the developers.

The founder’s move to introduce AtomOne reflects the dedication to community-centered governance principles. Besides allowing active Cosmos community members to contribute to influencing the blockchain’s future, it addresses challenges within the current governance model.

ATOM price

The altcoin gained a recovery stance after the Cosmos community passed proposal #848 to explore levels beyond $9.70. However, ATOM lost the upside steam in the past 24 hours, dropping by over 3.10% to $9.45.

Meanwhile, crypto enthusiasts believe the potential chain split could be bullish for ATOM prices. Stride Zone official John Galt trusts a hard fork might resolve year-long challenges, bolstering Cosmos' growth.

He added that DeFi projects rely on speculation, and a chain split will trigger massive speculation about the Cosmos ecosystem. That would welcome significant trading volume surges, propelling ATOM value to new heights.