In a bold move, Cosmos co-founder Jae Kwon has done just that called for a significant shift towards the blockchain after the controversial approval of NWV #848. This proposal was approved by the community voting mechanism and received approximately 40% of the votes. It aimed to change the blockchain’s original token inflation.
Kwon, who expressed his dissent, is now calling for a coordinated “split” in the Cosmos ecosystem, a proposal that could reshape the future of the blockchain. This development comes in response to what Kwon considers “deviation from the core principles of the network.”
“AtomOne” splits, Cosmos co-founder urges community involvement
Kwon’s proposal, dubbed ‘AtomOne’, is not just a departure, but an exodus from the current state of Cosmos, encouraging community members who voted ‘No’ to join this new venture. The plan is still in its infancy and has been captured in a GitHub repository, where Kwon invites community ideas and participation in shaping this new direction.
He emphasizes a collaborative approach and encourages the community to discuss and contribute to AtomOne.
The essence of AtomOne lies in integrating $ATOM with $ATMO/$ATOM1, with the aim of preventing a “complete collapse of ATOM through mass sales”. Kwon suggests that, rather than abandoning ATOM altogether, there should be a way for it to co-exist with the new fork.
Cosmos Community faces a crossroads: Exodus and innovation
Kwon’s vision for AtomOne involves splitting the current ‘cosmoshub4’, but with its development path and teams focused on a more decentralized structure than the current Gaia. This new entity is open to anyone who opposes the recent vote, signaling a departure from the traditional paths of blockchain governance.
Kwon emphasizes the power of the minority in blockchain ecosystems and the ability to self-organize and create antifragile structures.
His message is clear: those who do not subscribe to sound logic are doomed to failure, and the future belongs to those who dare to go out and build a better civilization. Kwon assures that this move is not about abandoning the original Cosmos hub, but about saving it and redefining its role.
People are completely confused about the nature of blockchains and what power NO/NWV voters have inside and outside the hub. The reality is that we exist, our principles and goals align because they arise from logic and we are about to demonstrate antifragility. The reality is that even with more than 50% consensus, even 67%, you cannot take control of a chain, because the minority can always organize themselves, even without your help. And the reality is that those who don’t make decisions based on sound logic always fail in the end.
As the community prepares for this potential split, Kwon’s call to move to AtomOne reflects a pivotal moment in Cosmos history and a testament to the dynamic and evolving nature of blockchain governance. A conversation that will continue for ‘generations’.
As a result of the split proposal, ATOM has seen a spike in volatility, down 11% in recent days. However, it is speculated that the split will involve an airdrop poised to draw positive attention to the token.
Cover image from Unsplash, chart from Tradingview
