Cosmos Hub Postpones Voting Date Following White Paper Review

A revised vision of the Cosmos Hub should now be on-chain for voting on October 31, after originally scheduled for October 3.< /p> An updated version of the Cosmos Hub white paper went live on October 29, and the community is now ready to vote on the document. According to the project, concerns with the Cosmos Token (ATOM) issuance model have been addressed in the new revision, among other issues.

The first version of the document was released in September, featuring a redesigned hub focused on enhancing interoperability and security, as well as key changes to its token, with a new issuance model aimed at finding a better balance between ecosystem growth and cross-chain adoption, “while preserving the security offered by the original regime,” according to the whitepaper.

Community members have raised concerns about the new token issuance model proposed by Cosmos Hub Chief Strategy Officer Sam Hart, saying that minting a significant amount of ATOM would result in a lower inflation levels. The transition phase would see 10,000,000 ATOMs emitted in the first month, decreasing over time until it reached the steady state phase 36 months later. The updated version instead features a 4,000,000 ATOM mint in the community pool.

Cosmos Hub Proposal Draft. Source: Cosmos Hub Forum

According to Hart, the document "marks the transition to the next phase of the Cosmos Hub as an infrastructure services platform, and a renewed role for ATOM as a preferred guarantee within the Cosmos network."

The white paper also described two features – the Interchain Scheduler and the Interchain Allocator – as well as a new issuance regime optimized for liquid staking.

According to the document, the proposed plan would be managed by the Councils of the Cosmos, formed by entities specialized in the field, which would be responsible...