Cosmos has published a new whitepaper that proposes a redesigned Cosmos Hub with improved security and interoperability, with significant modifications to its native ATOM coin. On Monday, the new Cosmos whitepaper was <a href="https://gateway.pinata.cloud/ipfs/QmWXkzM74FCiERdZ1WrU33cqdStUK9dz1A8oEvYcnBAHeo" target="_blank" rel="nofollow noopener">unveiled</a> at the Cosmoverse conference in Medellin, Colombia. The enhancements described in the whitepaper are still officially in the <a href="https://forum.cosmos.network/t/proposal-draft-a-new-vision-for-cosmos-hub/7328" target="_blank" rel="nofollow noopener">proposal phase</a>, but modifications were likely to be put on-chain on October 3.

https://twitter.com/CosmosATOMDaily/status/1574444635950354433
<h2>Cosmos Hub - First Blockhain on Cosmos</h2>
Cosmos is a network of blockchains built to scale and work together. The first <a href="https://www.cryptoknowmics.com/news/blockchain-game-project-xeno-collaborates-with-floyd-mayweather-jr/" target="_blank" rel="noopener">blockchain</a> to be constructed on the Cosmos platform was Cosmos Hub, which initially acted as a bridge between various linked blockchains.

The Cosmos ecosystem, which can be employed for governance and staking reasons, uses the ATOM token for transactional purposes. As a result of the suggested modifications, Cosmos would develop into a more secure, decentralized, and interoperable environment.
<h2>Cosmos Hub Reinvented as Interchain Web</h2>
The Cosmos Hub would be reimagined as the "Interchain" web, allowing other Cosmos blockchains to borrow the Hub's validator pool to protect their networks rather than needing to create their own.

The <a href="https://www.cryptoknowmics.com/news/umee-to-develop-first-native-oracle-for-cosmos-blockchain-network/" target="_blank" rel="noopener">Cosmos network</a> would become "legally, defensibly decentralized," according to Billy Rennekamp, Cosmos Hub Product Lead. The whitepaper claimed Interchain Security would also allow Cosmos Hub to host a unique category of apps with complementing capabilities. The paper stated,
<blockquote><em>"Interchain Security gives consumer chains a faster, easier, and cheaper path to market [and] the development platform afforded by Interchain Security allows third parties to utilize the Hub's essential infrastructure to build commercial applications."</em></blockquote>
<h2>New Issuance Methodology for ATOM Token</h2>
The whitepaper phrased that a new issuance methodology for the native ATOM token is suggested to better balance ecosystem development and interchain adoption while maintaining the security afforded by the original regime. The new monetary policy would be implemented in two stages - "transition" and "steady state."

The whitepaper also described a strategy for enhancing the value of the ATOM token by permitting leveraged <a href="https://www.cryptoknowmics.com/news/acala-to-launch-enterprise-grade-polkadot-liquid-staking-solution/" target="_blank" rel="noopener">liquid staking</a>. The action would facilitate the ability for ATOM holders to unstake ATOM tokens just as simply as they staked them, which would soon be made feasible via Cosmos' "liquid staking module."

New Cosmos White Paper Updated Cosmos Hub And ATOM Token

Cosmos proposed a redesigned Cosmos Hub with improved security and interoperability and significant modifications to its ATOM coin.

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New Cosmos White Paper Updated Cosmos Hub And ATOM Token

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