Cosmos developer All in Bits ( AiB ) is making waves in the blockchain world with the introduction of GovGen, a new governance-focused network set up in front of Cosmos Hub's controversial AtomOne folk.
GovGen Blockchain for AtomOne folk by All in Bits
GovGen is set to revolutionize blockchain governance by providing decentralized decision-making.
Led by All in Bits, the company led by Cosmos co-founder Jae Kwon, GovGen will play a key Vai in shaping the design and launch of the upcoming AtomOne Fork .
Scheduled to launch Tuesday at 9 a.m. ET, GovGen aims to provide a platform for the community to vote on all decisions related to AtomOne architecture and deployment.
The move highlights Kwon's efforts to assert influence over the Cosmos ecosystem, despite disagreements with the broader community in recent years.
Cosmos ( ATOM ) Token holders who oppose proposal 848 on the Cosmos Hub – which aims to limit the maximum inflation rate to 10% – will receive mtoken GovGen.
This proposal, approved despite Kwon's objections, has sparked significant debate in the community about its potential impacts on cybersecurity.
