Cosmos Community To Vote On The Network’s New Security Model

The Cosmos community is expected to vote on governance proposals made by developers to bring forward changes to its ecosystem. The proposal includes changes to the interoperable blockchain’s security mechanism and native asset – ATOM.

Interoperable blockchain network Cosmos will decide on introducing a new security protocol for the Hub, its central blockchain, in a governance vote which will be held today. Cosmos is an interoperable network of chains that uses the Inter Blockchain Communication (IBC) protocol to interact with one another and the central blockchain.

In September, Cosmos developers released a whitpaper document proposing new security functionality for the Hub. This proposal also contained an interchain security mechanism that would allow certain chains on the blockchain ecosystem to secure themselves using the Cosmos Hub. There was also a proposal to bring changes to the platform’s native asset, ATOM, to make it the collateral asset of choice for the entire network. The idea for ATOM 2.0 is also put for a governance vote today. According to developers, Cosmos will transform into an infrastructure service platform if the proposals are approved by the community.

At the time of writing, ATOM is trading at $14.22, rising 3.14% in the last 24 hours.