Posted 11/27/2023, 7:12:00 AM
Cosmos considers splitting blockchain in two, potentially airdropping new token
- Cosmos founder Jae Kwon calls for splitting the blockchain into two following a decision to reduce ATOM token inflation to 10%
- The potential hard fork, dubbed AtomOne, could create a new token ATOM1 and airdrop it to ATOM holders
- Expert says a fork could resolve years of infighting and be bullish for ATOM by allowing more innovation
- ATOM price is down 3% on the day to $9.59, possibly related to weakness in bitcoin struggling near $38,000
- Hard fork could lead to the biggest airdrop ever for ATOM and a massive increase in trading volume for both ATOM and the new ATOM1