Cosmos (ATOM) founder Jae Kwon expressed his opposition to proposals that would bring new changes to the system.
Cosmos, one of the strong projects of the crypto market, continues its blockchain developments. The popular project has given detailed information about Cosmos Hub in the past months. ATOM, which is in the top 25 according to the market value ranking, managed to stand out after the Hub developments. However, ATOM could not escape the turbulent crypto agenda that followed. Focusing entirely on improvements and updates, Kwon drew attention with his latest statements.
Cosmos Founder Doesn’t Want to Disband the Community
Cosmos founder Jae Kwon expressed his opposition to the practice of staking liquidity. Among the updates made depending on the community’s decision, there is also the liquidity staking system. The community voted for the new update.
In the vote, in which new changes were made for the Cosmos ecosystem, a 62 percent yes vote came out. The ATOM community supports the arrival of new updates.
Investors of the decentralized project seem eager for the update. However, the founder of Cosmos mentioned that the update could have bad results. Also touching on FTX events, Kwon wanted everyone to know that this new update is extremely risky.
Kwon did not approve of ATOM holders shifting to other platforms to stake. Kwon underlined that this could have dangerous consequences, such as the printing of new coins.
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