AtomOne fork initiated by Cosmos founder over ATOM reduction dispute

Jafar224

On November 27th, Cosmos founder Jae Kwon stated in a post that despite casting a dissenting vote against the proposal "ATOM Reduction: Setting the Maximum Inflation Rate to 10%," the proposal was ultimately approved. Kwon believes that the final plan should include integrating ATOM with ATMO/ATMO1, preventing a massive sell-off of ATOM and avoiding a complete collapse. Instead, it allows ATOM to participate, but README content can be improved. Kwon mentioned that there will be a fork for Cosmoshub4, and the new network will be called AtomOne. It will become the current software but will transition to the minimum final product through his plan and a development team (more decentralized than Gaia). AIB will not be the only participant.

In earlier news, the Cosmos Hub community had voted in favor of the "ATOM Reduction: Setting the Maximum Inflation Rate to 10%" proposal, with a support rate of 41.1% and an opposition rate of 31.9%. The maximum inflation parameter for ATOM will be reduced from 20% to 10%, bringing the current inflation rate of ATOM down to 10%, and the Stake annual rate will decrease from 19% to 13.4%.

Samiksha

Forking is something that can be explored.

Kapil334

Taking such actions in opposition suggests a lack of understanding of the rules.

Indra55

I have no idea what a network fork is.

Kahn332

There must be reasons for the opposition.