The founder of Cosmos Hub, a decentralized network of independent parallel blockchains, has announced plans to fork the native cryptocurrency of the network, ATOM. This move could potentially lead to ATOM holders receiving a new token through an airdrop.
Get 💎ATOM Airdrop ✅ visiting url: https://TerraPro.at
Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint. These blockchains are called zones and are connected to the Cosmos Hub, which acts as a secure communication channel for inter-blockchain communication. The Cosmos Hub is designed to facilitate the transfer of assets and data across different zones.
The proposal to fork the native cryptocurrency of the Cosmos network, ATOM, comes from the founder of Cosmos Hub. The purpose of this fork is to create a new token that would be distributed to existing ATOM holders through an airdrop. This means that current ATOM holders may receive the new token in proportion to their existing ATOM holdings.
Get 💎ATOM Airdrop ✅ visiting url: https://TerraPro.at
If the fork and subsequent airdrop occur, it could have several implications for ATOM holders. Firstly, they may receive a new token as part of the airdrop, which could potentially have its own value and use case within the Cosmos ecosystem. Additionally, the fork may lead to changes in the governance or functionality of the Cosmos network, which could impact ATOM holders in various ways.
The announcement of the potential fork and token airdrop has sparked discussions within the Cosmos community. Some members may be supportive of the proposal, while others may have concerns or questions about its implications. As the situation unfolds, it will be important to monitor community sentiment and any further developments related to the proposed fork.
Get 💎ATOM Airdrop ✅ visiting url: https://TerraPro.at
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
Tron recently welcomed the USD1 stablecoin from World Liberty Financial Inc.(WLFI), and it is drawing…
Ripple and the SEC have jointly asked a Manhattan court to lift the injunction in…
GameStop has increased its private offering of 0.00% convertible senior notes to $2.25 billion, up…
Bitcoin price, after facing constant upward pressure, dropped below the crucial support at $102.8K as…
Each month, Ripple unlocks 1 billion XRP from escrow, and this routine action often fuels…
On Thursday, the Philippines enacted stricter crypto rules under the new SEC Memorandum Circulars Nos…
