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| Foto:Atomone/x |
VISTORBELITUNG.COM,JAKARTA – In a move that has captured the attention of the global crypto community, a new player has emerged in the Interchain ecosystem: AtomOne. Described as a community-driven fork of the established Cosmos Hub (Gaia), AtomOne seeks to reignite the core tenets of decentralization and robust governance within the Cosmos network. But what exactly is AtomOne, and what fundamental principles guide its ambitious vision?
What is AtomOne?
AtomOne is a decentralized, minimalist blockchain that functions as an Inter-Blockchain Communication (IBC) and Interchain Security (ICS)-enabled Hub. It arose from concerns within the Cosmos community regarding issues like centralization, security, and governance processes in the original Cosmos Hub. Essentially, it's a fork of the Cosmos Hub, designed to be a more inclusive and adaptable foundational layer for the broader interchain ecosystem.
Launched by figures, including Cosmos founder Jae Kwon, AtomOne's primary goal is to restore maximal decentralization, constitutional governance, and enhanced validator security through a streamlined IBC Hub design.
The Core Fundamentals of AtomOne
AtomOne's foundation is built on several key principles that distinguish it from its predecessor and aim to create a more resilient and community-focused blockchain.
1. Constitutional Governance and Decentralized Autonomous Organizations (DAOs)
One of the most crucial elements of AtomOne is its approach to governance. It implements a formal on-chain constitution enforced by multiple DAOs, such as the Steering DAO and Oversight DAO.
Transparent Governance: This structure guarantees transparent and predictable governance processes without relying on a centralized foundation or single entity.
Self-Organization: AtomOne aims to empower diverse groups to create and govern themselves through its 'living constitutions,' promoting a highly self-organized ecosystem.
2. Dual-Token Model: $ATONE and $PHOTON
To ensure network security remains uncompromised by fee volatility, AtomOne introduces a dual-token model:
$ATONE: The native token used primarily for staking and governance. It grants holders the right to participate in key decision-making.
$PHOTON: A second token designated for transaction and IBC fees. This separation helps keep transaction costs predictable and stable, which is vital for a Hub chain.
3. Enhanced Validator Security with ICS 1.5
AtomOne is optimized to work with Interchain Security 1.5 (ICS 1.5), an improved shared security model.
Shared Security: This allows application-specific "consumer chains" to leverage the immense security of the AtomOne validator set.
Validator Profitability: ICS 1.5 aims to address incentive issues found in earlier versions by ensuring better profitability and sustainability for all validators, especially those with smaller voting power, which is critical for maintaining a robust and decentralized validator set.
4. Fair Distribution and Anti-Centralization Measures
The project is committed to a fair token distribution with specific measures to prevent centralization:
No VC or Foundation Allocations: AtomOne commits to having no allocations for Venture Capital firms or a centralized foundation, emphasizing a community-first approach.
DAO-Managed Treasuries: All community funds are managed by its DAOs, ensuring collective, transparent resource allocation.
Reformed Voting Power: AtomOne has introduced changes to how voting power is concentrated, notably removing a validator's ability to vote on proposals using delegated stake they can only use their own staked tokens. This aims to limit the outsized influence of any single validator or small cartel, pushing for a more equitable distribution of power.
By focusing on these core fundamentals constitutional governance, a stable dual-token system, and strong anti-centralization mechanisms AtomOne aims to be a neutral, highly secure, and community-centric coordination hub, fulfilling what its proponents see as the original promise of the Cosmos vision.