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Updated Cosmos Hub whitepaper went live On October 29th, the community came to vote on this document. Concerns related to the Cosmos Token (ATOM) issuance model have been addressed in the new revision, among other issues, according to the project.
The first version of the paper was published in September, proposing a redesigned hub with a focus on interoperability and enhanced security, along with major changes to tokens to support ecosystem growth and interchain adoption. Proposed a new issuance model aimed at improving balance. Security provided by the original administration, according to the white paper.
Community members expressed concern over the tokens newly proposed issuance model by Cosmos Hub strategy lead Sam Hart, arguing that minting significant amounts of ATOM would reduce inflation levels. In the transition phase, in the first month he will be issued 10,000,000 ATOMs and will decrease over time until reaching the steady state phase after 36 months. The updated version proposes his 4,000,000 ATOM mints for the community pool instead.
according to The letter to Hart “marks the next phase of Cosmos Hub’s transition as an infrastructure services platform and ATOM’s emerging role as a preferred collateral within the Cosmos network.”
The whitepaper also describes two features, the Interchain Scheduler and the Interchain Allocator, as well as a new optimized issuance regime for liquid staking.
According to the documents, the proposed plan will be governed by the Cosmos Council, formed by domain-specific entities and responsible for development and operations.
In the Cosmos ecosystem, blockchains are designed to scale and interoperate with each other. Cosmos Hub was the first blockchain built on Cosmos, initially acting as an intermediary between other interconnected blockchains.
