![]() The change in ATOM’s tokenomics with interchain allocator to fund ecosystem growth and eventually reduce inflation will also be implemented in time. In the future, the IBC will help the Cosmos ecosystem expand to other blockchains, such as Ethereum, Near and Polkadot, improving liquidity and traffic with it. Number of blockchains that are part of IBC. It will look to standardize ATOM as the default gas token for IBC transfers, though the fees can be paid in multiple tokens. ![]() Moving forward, the project’s team will implement the interchain scheduler, providing an open and transparent maximal extractable value ( MEV) marketplace for cross-chain transactions. The Inter Blockchain Communication (IBC), which enables interoperability between Cosmos-based blockchains, showcased impressive growth in 2022. However, this will change with interchain security and other developments with cross-chain implementation. Until now, ATOM didn’t accrue any value from this implementation. The Cosmos SDK is used to construct many popular blockchain and cryptocurrency projects, such as Binance DEX, Kava and more recently, dYdX. The stablecoin will enhance the liquidity of Cosmos’s decentralized finance ecosystem. One of the most prominent developments will be the introduction of Circle ( USDC) on Cosmos. Source: Interchain Foundation Development of Cosmos ecosystem and IBC expansion ![]() They will implement this feature in Cosmos’s lambda upgrade (v9) sometime in February. The Cosmos team concluded its developer’s “Game of Chains” campaign to test consumer chains before rolling out the mainnet version of interchain security. This will bring additional staking rewards for ATOM holders. Existing Cosmos SDK-based blockchains can choose to be consumer chains too. The feature will allow independent blockchains, called consumer chains in the Cosmos ecosystem, to rent security from the validators of the Cosmos hub. The interchain security implementation remains the most crucial breakthrough in accruing value to ATOM holders. Interchain Security to bring more value to ATOM stakers If buyers continue to accumulate, there’s a solid chance of a short-to-medium trade rally. The first week of February witnessed a technical bullish breakout in ATOM’s price. The other improvements in tokenomics will be introduced as a separate proposal to the Cosmos community. New blockchains will be able to borrow the security from it and pay Cosmos hub validators.ĭespite the rejection of the Cosmos 2.0 white paper, the team continues to work on the upgrades mentioned in it. ![]() Interchain security will enhance the value accrual position of ATOM as a modular chain. Some community members wanted to take a measured approach to each development feature listed in the white paper, starting with interchain security in Q1 2023. ![]() While the white paper launch acted as a bullish catalyst for ATOM’s price, the community vote to pass the proposal eventually failed, primarily because of its enormity. The document proposed significant changes to Cosmos’s design, including a tokenomics upgrade to fund ecosystem development and reduce Cosmos ( ATOM) inflation. In September 2022, Interchain Foundation, the team behind the development of Cosmos, introduced the Cosmos ATOM 2.0 white paper. ATOM gained 50% in January, and while the broader crypto market could remain bullish for some time, does the Cosmos ecosystem have strong enough fundamentals to support further upside? ![]()
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