Cosmos (ATOM) An important update will be completed in the Cosmos Hub, the central application of the ecosystem, according to the Turkish time zone, towards the next morning.
The Rho network upgrade, which will begin exactly at block 14,099,412, will implement a series of improvements to the test infrastructure of the Cosmos network. Along with the update blockchain A new development called “global fee module” will be added to ATOM for collecting transaction fees on its network.
Cosmos developer team rho He explained that the main purpose of the update is to prevent validators from agreeing among themselves or from acting incorrectly.
The update, which will be active tomorrow, is actually the first step towards the next major network upgrade. Cosmos developers are working on an upgrade called Interchain Security to take blockchain security to the next level.
ATOM Analysis
Cosmos’ native cryptocurrency, ATOM, has not shown any extra bullishness even as the update time approaches.
Although Cosmos gained 65% from the first day of 2023, it could not overcome the $15.26 resistance. Starting from the second week of February, the cryptocurrency, which fell to the level of $ 12.66, found support here.
The biggest hurdle to retest the old top on ATOM lies at $13.96. However, if the support is broken, the next buy response could come from the $11.44 level.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!