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Cosmos Founder Calls for Chain Split; ATOM Down 3%

Cosmos' founder Jae Kwon favours splitting the blockchain into two following a decision by the community to reduce Cosmos' native token ATOM's inflation to 10%. ATOM, the native coin of Cosmos Hub, is nursing moderate losses a day after Comos' founder Jae Kwon called community members to split the blockchain into two, with one observer hailing the potential hard fork as a bullish outcome for the investor community. "Let's coordinate a split," Kwon said Sunday, following a decision by the community to the Cosmos community to approve a proposal to reduce ATOM's inflation to 10% from 14%. ATOM powers the Cosmos ecosystem of blockchains programmed to scale and interoperate with each other.

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