Cosmos founder Jae Kwon stirs controversy with AtomOne fork proposal amid inflation cap dispute
Summary
Cosmos founder Jae Kwon is facing backlash after proposing a blockchain fork following the decision to cap the ATOM's maximum inflation rate to 10%. The proposal sparked division within the community, with Kwon arguing the cap could harm the network's security. To bypass these issues, Kwon proposed a forked network, AtomOne, with its own governance and development team. This alternative network would be powered by a new token, but Kwon suggested integrating the old ATOM token as well. Critics argued that creating a new chain goes against governance and democracy principles. This controversy has led to a 4% drop in the ATOM token's value over the last 24 hours.
