To share some context to the readers, the “allocator” has now been revamped to the Atom Alignment Treasury (AAT) built buy Binary Builders. On the other hand the “scheduler” is in the roadmap and corresponds to the Informal research on megablocks (or Atomic IBC capability). To share some more context, here is a quote from the Informal/Hypha 2024 roadmap that we have funded via [Proposal #839]:
- Research and development to expand the market for existing features and bring new features to the Cosmos Hub
- Research Partial Set Security to reduce costs on the validator set, and allow a greater number of consumer chains to join.
- Research Atomic IBC to bring lower cost operation and atomic composability to Cosmos Hub consumer chains.
- Assistance on Mesh Security development, deployment on the Hub, go to market, and research on complementary features to give the Hub a new way to share its security and even consume security.
- Go to market and deployment for ICS33 IBC routing to allow Cosmos chains to route IBC packets transparently over the Hub to reduce IBC costs throughout the ecosystem.
Source: [Proposal #839][ACCEPTED] Fund 2024 Hub development by Informal Systems and Hypha Worker Co-op
Analysis:
From this point of view, the Hub has a roadmap and it is extremely close to the vision shared in the ATOM 2.0 whitepaper. This roadmap is incredibly solid and offers a well balanced structure. However, within the Cosmos community, there’s a sense of confusion and stagnation. We attribute this to two main factors:
- The lackluster performance of ATOM relative to other crypto assets. We have highlighted the huge correlation exising between the ATOM.D charts (tracing the Cosmos Hub’s dominance against the total crypto marketcap) and the sentiment. This chart currently plots near all time low levels, transposing into one of the most bearish sentiment within the community.
- The absence of marketing for the Hub and the AEZ relative to the rejection of a Business Development team inside the AADAO prior to their grant allocation renewal in [Proposal #895]. Since that date, there has been no apparent work to create a BD team to coordinate and foster marketing. Consequently, we have a community that lacks understanding of the developments within the Hub.
Conclusion:
We think ATOM’s number one mission in the short term is not to capture more ecosystem value, it should be to assess the real underlying problem we face at this crucial moment.Firstly, acknowledging the erosion of confidence due to low relative performance. Secondly, recognizing the need for better communication with the community to restore legitimate investor confidence. Informing them about the products being developed is crucial in this scenario. At Govmos, we recall the days of “Cosmos Signal” Keynotes presented by @peng, and we believe that reviving such events could be beneficial. We will initiate a dedicated post to spearhead this discussion and hope to see active engagement from the community.
Thanks for reading!
Govmos
