Try Quests to earn cryptoInfamous 82
Governance in the Cosmos Hub has gotten spicy, to say the least. Despite gaining the support of some of the most influential names in the space, Prop #82 was rejected after more than 1/3 of voters chose "NoWithVeto".
Introduction
What is Cosmos(ATOM)?
Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain.
What is Cosmos Hub?
The Cosmos Hub is the blockchain protocol underlying an increasingly large number of blockchains built on the Cosmos Network, allowing them to communicate with each other. It functions much like how you use a computer to share files that can be opened on any operating system.
About Prop #82
We propose a new Cosmos Hub vision document, a counterpart to the 2017 paper which focused primarily on the network of IBC-connected chains. With the creation of the Cosmos Stack (Tendermint, IBC, and SDK) and the development of key technologies for secure economic scaling (Interchain Security and Liquid Staking), the original vision of the Hub has been fulfilled. This document marks the transition to the next phase of the Cosmos Hub as an infrastructure service platform, and a renewed role for ATOM as preferred collateral within the Cosmos Network. It describes two pieces of app-specific functionality, the Interchain Scheduler and Interchain Allocator, which together form a flywheel for accelerating interchain growth. The Interchain Scheduler is a cross-chain block space marketplace, which generates revenues from cross-chain MEV. These revenues are used by the Interchain Allocator to capitalize new Cosmos chains, foster interchain collaboration, and thereby expand the total addressable market of the Scheduler. This paper also describes a new issuance regime optimized for Liquid Staking, where after a 36 month transition period, exponential issuance is reduced to a constant amount of ATOM issued per month. To administer the proposed plan, the paper describes the formation of Cosmos Councils, domain-specialized entities that carry out development and operations. Cosmos Councils together form the Cosmos Assembly, a body that is accountable to ATOM holders, responsible for setting yearly goals, resourcing, and administering work undertaken on behalf of Cosmos Hub.
