{"id":496267,"date":"2022-09-27T05:19:19","date_gmt":"2022-09-27T02:19:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/new-cosmos-whitepaper-repurposes-atom-token-and-refines-vision\/"},"modified":"2022-09-27T05:19:19","modified_gmt":"2022-09-27T02:19:19","slug":"new-cosmos-whitepaper-repurposes-atom-token-and-refines-vision","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-cosmos-whitepaper-repurposes-atom-token-and-refines-vision\/","title":{"rendered":"# New Cosmos whitepaper repurposes ATOM token and refines vision"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a242e74c7654\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a242e74c7654\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-cosmos-whitepaper-repurposes-atom-token-and-refines-vision\/#%E2%80%9D_New_Cosmos_whitepaper_repurposes_ATOM_token_and_refines_vision_%E2%80%9C\" >&#8221; New Cosmos whitepaper repurposes ATOM token and refines vision &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_New_Cosmos_whitepaper_repurposes_ATOM_token_and_refines_vision_%E2%80%9C\"><\/span>&#8221; New Cosmos whitepaper repurposes ATOM token and refines vision &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYWVkMTg0NWMtN2UwNC00Njk5LWE1OTItYjYyODU5MDFmOWY3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ebd806f>Interoperability-focused blockchain network Cosmos has dropped a new whitepaper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its native ATOM token.\u00a0<\/p>\n<p>The new Cosmos <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gateway.pinata.cloud\/ipfs\/QmWXkzM74FCiERdZ1WrU33cqdStUK9dz1A8oEvYcnBAHeo\">whitepaper<\/a> was released on Monday at the Cosmoverse conference in Medellin, Colombia. The upgrades outlined in the whitepaper are still technically in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forum.cosmos.network\/t\/proposal-draft-a-new-vision-for-cosmos-hub\/7328\">\u201cproposal\u201d<\/a> status but changes are expected to be made on-chain on Oct. 3. <\/p>\n<p>Cosmos is an ecosystem of blockchains designed to scale and interoperate with each other.\u00a0Cosmos Hub was the first blockchain to be built on Cosmos, which initially served as an inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ry between other interconnected blockchains.<\/p>\n<p>The ATOM token is used to transact within the Cosmos ecosystem, which can also be used for governance and staking purposes.<\/p>\n<p>Under the proposed changes, Cosmos will become a more interoperable, decentralized, and secure ecosystem.<\/p>\n<p>One of the changes outlined is the reinvention of the Cosmos Hub as the \u201cInterchain\u201d web, which will enable other Cosmos blockchains to borrow the Hub\u2019s validator pool to secure its network rather than having to find their own.<\/p>\n<p>Billy Rennekamp, the Cosmos Hub Product Lead added that the value proposition behind this transition to Interchain Security would also make the Cosmos network \u201clegally, defensibly decentralized.\u201d<\/p>\n<p>According to the whitepaper, Interchain Security will also enable Cosmos Hub to \u201chost a novel category of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications with complementary functionality,\u201d stating:<\/p>\n<blockquote><p>\u201cInterchain Security gives consumer chains a faster, easier, and cheaper path to market [and] the development platform afforded by Interchain Security allows [&#8230;] third parties to utilize the Hub\u2019s essential infrastructure to build commercial applications.\u201d<\/p><\/blockquote>\n<p>The whitepaper also proposes a new issuance model for the native ATOM token, with the aim to strike a better balance between ecosystem growth and interchain adoption \u201cwhile still preserving the security afforded by the original regime,\u201d according to the whitepaper.<\/p>\n<p>The new monetary policy will see two phases: \u201ctransition\u201d and \u201csteady state.\u201d<\/p>\n<p>The transition phase will see 10,000,000 ATOM issued in the first month, which will then decrease at a declining rate until it reaches the steady state phase 36 months later.<\/p>\n<p>Cosmos co-founder Ethan Buchman <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/m.youtube.com\/watch?v=Z2ZBKo9-iRs&amp;t=11875s\">said<\/a> this new token issuance model would enable other Cosmos blockchains to become more interconnected with the Cosmos Hub and ATOM:<\/p>\n<blockquote><p>\u201cIt gives them direct alignment with Cosmos with the ATOM. It allows them to inherit the security of the ATOM and be part of this sort of economic community being built around the Cosmos blockchain, the ATOM token, and the superior security that that chain provides.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Most of the crypto market is down, but Cosmos (ATOM) price is up \u2014 Why?<\/em><\/strong><\/p>\n<p>The whitepaper also outlined a plan to further accrue more value to the ATOM token by enabling leveraged liquid staking. <\/p>\n<p>This will allow ATOM holders to unstake ATOM tokens as easily as they staked them, which will soon be enabled by the Cosmos \u201cliquid staking module.&#8221;<\/p>\n<p>\u201cThe user experience and capital efficiency improvement offered by liquid stalking is so substantial\u201d that it required \u201cfull economic integration\u201d into the new Cosmos interchain-oriented ecosystem, according to the whitepaper.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Intern notes on Cosmos\u2019 new 27 page whitepaper <\/p>\n<p>TL;DR <br \/>&#8211; Secure economic scaling \u26d3<br \/>&#8211; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ATOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ATOM<\/a> as reserve currency <br \/>&#8211; New economic engine <\/p>\n<p>Definitely worth a read! <\/p>\n<p>(1\/2) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/OseBg1kBYp\">pic.twitter.com\/OseBg1kBYp<\/a><\/p>\n<p>\u2014 (Delphi, Intern) (@delphiintern) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/delphiintern\/status\/1574489770776051723?ref_src=twsrc%5Etfw\">September 26, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The release of the whitepaper comes a few weeks after research and investment firm Delphi Labs announced a shift of its R&amp;D efforts to focus on the Cosmos ecosystem.<\/p>\n<p>The research firm outlined network speed, chain liquidity, sufficient decentralization, and cross-chain interoperability as the key factors behind its decision to provide R&amp;D efforts to help further the growth of Cosmos.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/new-cosmos-whitepaper-repurposes-atom-token-and-refines-vision\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; New Cosmos whitepaper repurposes ATOM token and refines vision &#8220; Interoperability-focused blockchain network Cosmos has dropped a new whitepaper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its native ATOM token.\u00a0 The new Cosmos whitepaper was released on Monday at the Cosmoverse conference in Medellin, Colombia&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":496268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvYWVkMTg0NWMtN2UwNC00Njk5LWE1OTItYjYyODU5MDFmOWY3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,74983,75554,74355,117,20093,72287,4965],"class_list":["post-496267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-decentralization","tag-dlt","tag-adoption","tag-business","tag-cosmos","tag-security","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/496267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=496267"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/496267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/496268"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=496267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=496267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=496267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}