cosmos The altcoin community has released its latest white paper for Cosmos Hub, which plans to radically revamp the tokenomics of the ATOM token.
Cosmos (ATOM) Altcoin Developers Introduced New Features
According to the participants presenting at the Cosmoverse conference held in Medellin, Colombia, the new center will have a new feature called cross-chain security, and multiple ways to provide ATOM liquidity will give new functionality to the ecosystem.
Zaki Manian, a Cosmos contributor and co-founder of Sommelier Finance, said that although Cosmos Hub has a high market value, it does not generate any protocol revenue in its current form and does not add value to ATOM.
According to the developers, this will change; Significantly expanding the liquid staking potential and unlocking cross-chain security will allow ATOM holders to benefit from the growth of the Cosmos ecosystem.
Manian said on the subject:
“No one has a large-scale cryptocurrency has not attempted to rebuild the unit economically at this level, and it will take some showmanship for all of this to happen.”
Staked cryptoassets are often limited to the boundaries of their original chain – in Cosmos, independent chains use staking to ensure their own security, and delegates tie tokens to validators.
Delegators usually endure a 21-day lock-in period to get their tokens back.
Liquidity staking solves this problem by creating a bustling market for the exchange of staked assets. According to Manian, cross-chain composability is also increasing with more liquidity staked altcoins.
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“We are trying to accelerate the growth of all liquid staking protocols so they provide a seamless user experience for users,” Manian said.
“If we can increase the number of ATOMs staked to 80% to 90% using the success of liquid staking protocols, we will be in a good position to replace inflation and the generation of new ATOMs to be allocated to the security budget.”
According to the developers, with the anticipated changes in the launch of ATOM tokens Ethereum An EIP-1559 type of toll burning mechanism implemented by the
*Not investment advice.