Cosmos Founder Calls for a Chain Split ATOM Takes a 3% Dip

Founder of Cosmos Urges Chain Split; ATOM Price Drops by 3%

Splitting the Blockchain: A Cosmic Comedy of Hard Forks and Bearish Bulls 🌌🐂📉

ATOM, the native coin of Cosmos Hub, is feeling a bit under the weather after Cosmos’ founder, Jae Kwon, called for a split in the blockchain. But fear not, fellow digital asset investors, for this split, known as AtomOne, might just be the bullish outcome we’ve been waiting for!

Kwon, the cosmic mastermind behind Cosmos, tweeted on Sunday, “Let’s coordinate a split,” following a decision by the community to reduce ATOM’s inflation from 14% to a more modest 10%. Now, don’t let the term “inflation” scare you away. It simply means that the Cosmos Hub was overpaying for security and disincentivizing the use of ATOM in decentralized finance. Think of it as cosmic trickle-down economics gone wrong.

But back to the split. Kwon has cleverly named the hard fork AtomOne (ATOM1), which would create a separate chain that supports both the original ATOM token and the shiny new ATOM1. It’s like having two pizzas when you only ordered one, but hey, we’re not complaining!

Now, you might be wondering, why all the fuss about this hard fork? Well, according to self-proclaimed Cosmos expert and head of strategy at Stride Zone, John Galt, a hard fork could be the silver bullet that finally puts an end to years of community infighting. It’s like having a Thanksgiving dinner where everyone actually gets along, no passive-aggressive remarks about politics included.

• Prepare for the Crypto Booster Rocket: The Fed’s Dovish Dance
• Binance’s Wild Side HKVAEX Ventures for Virtual Asset Trading Platform License in Hong Kong!
• Terra Luna Classic: A Lunar Journey to the Moon… or Just a Moonshot?

Galt believes that if it weren’t for Kwon’s “conservatism,” the Cosmos Hub could have been even more innovative. It’s like having a wild party where someone keeps turning down the music every time it gets too loud. But with the hard fork, perhaps Kwon is finally letting loose and telling the Cosmos Hub to turn up the volume!

But wait, there’s more! Galt predicts that the hard fork could lead to the mother of all airdrops for ATOM holders. Airdrops are like those complimentary snacks you get on a long-haul flight, but in this case, we’re talking about free tokens raining down from the heavens. With this hard fork, not only will the ATOM1 token be dropped, but it could also result in a meteoric rise in trading volume for both ATOM and ATOM1. It’s like having a cosmic fireworks display, but instead of fireworks, we get skyrocketing trade numbers.

However, despite all the cosmic excitement, ATOM is currently trading 3.5% lower at $9.59. Don’t worry, though, fellow investors. This dip might just be a blip on the radar. After all, even the industry leader, Bitcoin, is facing its own struggles. It’s like trying to break through a wall but constantly getting stuck halfway. We’re all in this together!

So, buckle up, digital asset enthusiasts, because the Cosmos Hub is about to embark on a cosmic adventure. Will the hard fork bring harmony and innovation? Will the ATOM1 airdrop be the biggest thing since sliced bread? Only time will tell. In the meantime, let’s keep an eye on the stars and those trading charts. To the moon, my friends! 🚀🌙

Disclaimer: The author of this article is not responsible for any sudden urgencies to unlock your inner astronaut or make impulsive investment decisions. Please exercise caution and always do your research before blasting off into any financial endeavors.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!