Cosmos developers will launch GovGen, a new blockchain network for governance
All in Bits, the developer of Cosmos, will launch a new blockchain network called GovGen, which focuses on governance, before the AtomOne fork is launched on Cosmos Hub. GovGen's development plan will be launched at 9am Eastern Time on Tuesday, led by All in Bit, owned by Cosmos co-founder Jae Kwon. GovGen will shape the design of the upcoming AtomOne fork through a decentralized decision-making process. The main goal of GovGen is to measure the community's views on various proposals related to the AtomOne basic charter. The native token of the network, GovGen, will be distributed to ATOM holders who voted against Proposal 848 on Cosmos Hub. GovGen tokens are only used for voting purposes in this context and are not transferable or tradable. AtomOne will be launched after GovGen holders decide on the design.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Skipped Bitcoin Cash? Qubetics ($TICS) Could Be Your Redemption Ticket – Top Cryptos for Significant Returns
The crypto market has been on fire lately. With the spotlight shifting to new and innovative blockchain projects, everyone’s eyes are on which cryptos will make waves this year.Bitcoin Cash: A Missed Opportunity for Significant ReturnsQubetics: Revolutionizing Digital Finance with Real-World Asset TokenizationConclusion: Time to Act on Qubetics
BTC Short Position by ETH Whale Nears $332M
A crypto whale boosts their BTC short position to $332M, facing losses and potential short squeeze risk.Whale Boosts BTC Short Position Amid Market VolatilityRisk of Liquidation LoomsStrategic Buy Orders Placed
Pakistan Launches Crypto Council Led by Finance Minister
Pakistan forms Crypto Council to boost blockchain and crypto adoption, chaired by Finance Minister Muhammad Aurangzeb.Pakistan Takes a Bold Step Toward Crypto AdoptionFinance Minister to Lead the InitiativeFocus on Innovation and Financial Inclusion
Trump Crypto Project WLFI Buys AVAX, MNT for $4M
Trump-linked crypto project WLFI buys $4M worth of AVAX and MNT, total investment hits $340M with $115M in unrealized losses.WLFI Adds AVAX and MNT to Crypto Portfolio$340M Invested Across 11 TokensHeavy Losses Despite Market Activity
Trending news
MoreCrypto prices
More
