Update on AtomOne Fork

Jae Kwon shared news on Nov. 26 about the plan to fork Cosmos Hub and create a new chain called AtomOne due to significant disagreements in the Cosmos community.

This discussion was prompted by the passing of proposal #848, which reduces ATOM’s inflation rate from 14% to 10% and annualized staking yield from 19% to around 13.4%. 

AtomOne Genesis

Advantages and disadvantages of AtomOne are documented, with plans for it to guide the Cosmos Hub towards safer decisions while being a conservative and immutable alternative hub option. 

AtomOne also has goals to champion sovereignty, security, and decentralization principles, as well as to offer liquid staking for ATOM tokens to use voting power to guide Cosmos.

At the moment, the fork is just speculative, and it is unclear whether it will actually come to fruition. 

ATOM Price Outlook 

ATOM prices jumped on Sunday following the passing of proposal #848, hitting a weekly high of just under $10 before retreating slightly. The asset is currently trading at $9.56, down 2.5% on the day.

Furthermore, ATOM has gained 34% over the past months as altcoins begin their recovery, but it remains down 78.5% from its January 2022 all-time high of $44.45.

### News source: cryptopotato.com

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By Team