New Opportunity for Crypto Governance Experimentation on the Cosmos Hub
The introduction of $ATOM interchain security presents an exciting opportunity for experimentation with new forms of crypto governance on the Cosmos Hub which could lead towards greater decentralization and increased engagement between all participants in this growing ecosystem
Jan. 14, 2023 2:40PM
Generated in 23.5 seconds
A colorful illustration featuring two figures standing side-by-side representing both small participants in a blockchain network (on left) and larger validators (on right).
For anyone frustrated with the Cosmos Hub being dominated by a handful of large validators largely disconnected from the community, something to look forward to is the opportunity $ATOM interchain security will provide to experiment with new forms of crypto governance. The Cosmos Hub is a decentralized network that enables users to transfer digital assets between different blockchains. The network is powered by its native cryptocurrency, ATOM, and has been running since 2019. The network has grown significantly in recent years, but it has also become increasingly centralized as a handful of large validators have come to dominate the network. This has led some members of the community to express concern about the lack of decentralization and lack of connection between these large validators and other members of the community. However, this could soon change thanks to $ATOM interchain security. This technology will allow users on different chains within the Cosmos Hub ecosystem to secure each other’s transactions using their own ATOM tokens. This means that if one chain experiences an attack or outage, users on other chains can use their ATOM tokens to help secure it and prevent losses or disruption. This technology also provides an opportunity for experimentation with new forms of crypto governance. By allowing users on different chains within the Cosmos Hub ecosystem to secure each other’s transactions using their own ATOM tokens, it creates a system where participants are incentivized to cooperate in order to ensure that all transactions are secured properly and efficiently. This could lead to more decentralized decision-making processes within the network as well as more engagement between large validators and smaller participants in the ecosystem. Overall, $ATOM interchain security provides an exciting opportunity for experimentation with new forms of crypto governance on the Cosmos Hub which could lead to greater decentralization and increased engagement between all participants in this growing ecosystem.