ATOM up 3% as Cosmos releases new whitepaper

Layer-0 blockchain web Cosmos has released a caller whitepaper to update its Cosmos Hub and ATOM token.

The whitepaper was released connected Sept. 26 during the Cosmoverse league successful Medellin, Colombia.

Cosmos Hub

Cosmos Hub is the blockchain astatine the halfway of the Cosmos ecosystem and archetypal served arsenic an intermediary betwixt each the different interconnected networks. Before now, the blockchain had served arsenic a exemplary for different interconnected networks successful the ecosystem.

Other blockchains connected Cosmos usage the Hub codification arsenic a template and amended it for a circumstantial usage case.

The caller whitepaper volition spot Cosmos Hub go the Interchain web by adding Interchain information arsenic its halfway feature. Other blockchains successful the ecosystem tin get its validator excavation to unafraid their networks.

The blockchains successful the Cosmos web each usage Proof-of-Stake but with idiosyncratic validators for each network. Cosmos 2.0 whitepaper wants to alteration that, allowing different Cosmos chains to usage validators from the Hub.

The alteration volition springiness entree to a much extended and divers validator pool, making the web much unafraid and decentralized. It volition besides station its interoperability.

New plans for ATOM

The caller whitepaper besides discussed plans to amended the inferior of the Cosmos ATOM token and boost its value. ATOM is the autochthonal token for the ecosystem. Beyond being the governance token, it is besides what validators connected Cosmos Hub involvement to unafraid the network.

With the program to marque the Cosmos Hub validator excavation accessible to different chains, ATOM usage volition summation connected the different chains.

Additionally, the connection volition adhd liquid staking to the web codification truthful that adjacent erstwhile ATOM is locked to supply security, it tin inactive service different purposes.

There are besides plans to trim the token issuance rate. The caller attack volition travel successful 2 stages, the “transition” and “steady state.” The essence of this is to equilibrium Interchain adoption and ecosystem growth.

Meanwhile, the whitepaper is presently a proposal. But the upgrades recommended successful it are expected to hap on-chain adjacent month.

ATOM up 3.4%

ATOM’s terms has reacted positively to quality of the caller whitepaper, rising 3.4% wrong the past 24 hours to $14.57, according to CryptoSlate data.

The plus is performing poorly connected the 7 days metrics arsenic it has mislaid 7.1% of its value. During this period, it traded for arsenic debased arsenic $13.15.

The station ATOM up 3% arsenic Cosmos releases caller whitepaper appeared archetypal connected CryptoSlate.