<p><span style="font-weight: 400;">The developers of Cosmos will organize a community vote on Oct. 31 on a crucial </span><a href="https://forum.cosmos.network/t/proposal-draft-a-new-vision-for-cosmos-hub/7328/129"><span style="font-weight: 400;">proposal</span></a><span style="font-weight: 400;"> that aims to introduce a new security model for the network's central blockchain, which is called the Hub. The governance vote had been planned for Oct. 24, but was postponed.</span></p> <p><span style="font-weight: 400;">Cosmos is an interoperability network whose ecosystem contains several chains. These chains can interact with one another using the Inter Blockchain Communication (IBC) protocol via the Cosmos Hub.</span></p> <p><span style="font-weight: 400;">Cosmos' developers released a</span> <a href="https://www.theblock.co/post/172998/cosmos-contributors-release-new-whitepaper-showcasing-two-big-ideas"><span style="font-weight: 400;">whitepaper</span></a><span style="font-weight: 400;"> document in September proposing new functionalities for the Cosmos Hub, including a mechanism called</span><a href="https://www.theblock.co/post/154482/cosmos-hub-set-to-introduce-interchain-security-within-three-months"> <span style="font-weight: 400;">interchain security.</span></a> <span style="font-weight: 400;"> This mechanism would allow application-specific chains in the Cosmos ecosystem to rely on Hub validators for security. In other words, interchain security is meant to allow certain Cosmos chains to secure themselves using the Cosmos Hub.</span></p> <p><span style="font-weight: 400;">The whitepaper also proposed a change to the Cosmos Hub’s native token, ATOM, to make it a collateral asset of choice on the entire network, which is being called ATOM 2.0. This will be put to a vote also. If the changes are approved, they will mark the transition of the Cosmos Hub into an infrastructure service platform, according to its developers.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>