Jae Kwon's firm to launch GovGen as prelude to controversial AtomOne fork

Cosmos developer All in Bits will introduce a new blockchain network called GovGen ahead of AtomOne , a proposed controversial fork of the Cosmos Hub.

Scheduled to go live on Tuesday at 9 am ET, GovGen’s development is led by All in Bits, a firm that Cosmos co-founder Jae Kwon owns. Kwon has had significant disagreements with the wider Cosmos community in recent years.

GovGen will shape the design of the coming AtomOne fork through a decentralized decision-making process. “GovGen is intended to vote on all the decisions about how AtomOne will look and how it will launch,” a spokesperson said.

The network’s native token, GovGen, will be distributed to ATOM holders who either voted “no” or were automatically assigned a no vote due to their delegation status on the Cosmos Hub proposal 848. This particular proposal — aimed at capping the maximum inflation rate at 10% — was approved despite Kwon’s objections, contrasting with the stance of numerous other contributors within the ecosystem.

Kwon, who played a pivotal role in developing the Cosmos’s Tendermint consensus algorithm and co-founding the Cosmos Hub, had earlier expressed concerns regarding the 848 proposal’s implications for network security.

The Cosmos Hub, released in 2019, has seen the founders take separate paths over time. Both remain active within the Cosmos ecosystem, albeit through different entities; Kwon leads AiB, while Buchman is at the helm of Informal Systems, which supported proposal 848.