Cosmos Hub On-chain Governance Proposal #2—Resolution Recommendation

Tendermint
Mar 27, 2019 · 3 min read
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Attn: Atom holders

Re: Atom Transfers Proposal: https://cosmos.bigdipper.live/proposals/2

Summary

AiB (All in Bits) will work with SimplyVC to propose a slightly modified proposal, with some needed changes, namely, with a new chainID, block size parameters, and a two-phase process for software upgrades. AiB recommends that those who have already voted YES to change their votes to NO for proposal-2.

This proposal isn’t intended to delay enabling transfers but to tweak some properties and to get 2/3rds votes on a specific code hash before an upgrade happens.

Justification

Actionables

For now, we recommend that those who voted YES change their votes to NO, and for those who haven’t voted yet to also vote NO. If you agree with this posting, please share it w/ other ATOM validators and delegators. UPDATE: It looks like the 40% quorum will be reached anyways, so our recommendation is to vote NO immediately.

We will provide more details around Thursday noon PDT, and in the meantime also update this posting w/ a link to a forum for further discussions. If you have any questions and concerns, please visit https://forum.cosmos.network/t/cosmos-hub-on-chain-governance-proposal-resolution-recommendation/1773 .

NOTE: In the future we should upgrade the governance mechanism to allow a further voting grace period once the quorum has been reached, so as to prevent a last-minute “attack” on governance where the quorum is reached to pass the vote. AIB will work with the community to draft that proposal some time after transfers have been enabled.

Tendermint Blog

Tendermint Inc builds software & community for the Cosmos Network.

Tendermint

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Tendermint Inc focuses on shipping software to build the Interchain. Here’s where we publish news about our partners and initiatives.

Tendermint Blog

Tendermint Inc is a software development company that builds software & community for the Cosmos Network.

Tendermint

Written by

Tendermint Inc focuses on shipping software to build the Interchain. Here’s where we publish news about our partners and initiatives.

Tendermint Blog

Tendermint Inc is a software development company that builds software & community for the Cosmos Network.

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