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Key members of the Cosmos (ATOM) community have released a whitepaper for the redesigned Cosmos Hub. This is the technology at the heart of that ecosystem.
according to white paperthe new Cosmos Hub aims to fuel the growth of the Cosmos Network as it moves to a secure and comprehensive platform that enables developers to build interchain-native infrastructure and applications.
Security is a necessary foundation for building the essential components of the Cosmos Network, and the Cosmos Hub’s inter-chain security environment will be enhanced with new features that are more useful, efficient and collaborative.
In this paper, (atom) token and serves as the networks new reserve currency.
This change is designed to make ATOM play a more central and important role in securing the larger Cosmos ecosystem. The platform also introduces a native liquid staking model. This mechanism typically provides a user who has staked an asset with a tradable token that can be exchanged for the original asset at any time.
Cosmos co-founder Ethan Buckman To tell That the proposed change is a major upgrade.
In this new formulation, Cosmos Hub rises from humble beginnings and steps up bolder to lead an interchain that embraces new frontiers.
With the emergence of interchain security and liquid staking, the stage is set for a new economy to be formed around security in the hub. Its economic contours are outlined in the following paper, and it is up to the community as a whole to instantiate it and evolve it over time.
But that thesis is just a new beginning. A suggested new direction for community engagement, but by no means final word. we have a lot to do together.
ATOM is trading at $13.48 at the time of writing.
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Featured Image: Shutterstock/Mia Stendal
