Cosmos Hub greenlights ATOM inflation cut for security boost

The governing body of Cosmos Hub has actually endorsed a proposal to decrease the optimum inflation rate of its native token, ATOM (ATOM), from approximately 14% to 10%. The native token of the Hub is Atom, employed for staking, governance, and deal fees.The proposition secured a narrow passage, amassing 41.1% approval votes compared to 38.5% disapproval, marking the greatest turnout vote in the Cosmos community. A post asserted, “Double-digit inflation is unnecessary for security, weakens Atom cost in the long run, and discourages the use of ATOM in DeFi and other areas within the Atom Economic Zone.