Identifying Proposal 187’s full impact on Cosmos validators, ATOM holders

ambcrypto.com:

The Cosmos community has voted in favor of a proposition known as prop 187, which has the potential to benefit ATOM stakers and holders. Due to sufficient votes, the proposal is now expected to go live on March 15.

Read Cosmos Hub (ATOM) Price Prediction 2023-24

Cosmos is a blockchain network facilitating communication and interoperability between independent blockchains. It serves as a central hub that connects various blockchain networks. It allows them to communicate and transact in a secure and decentralized manner.

With a resounding majority, the community has decided to implement an upgrade dubbed the Lambda V9 via proposal 187. The proposed upgrade introduces a new layer of protection called Replicated Security. Replicated Security will allow ‘consumer chains’ to benefit from the Cosmos Hub’s robust security. Using an economic attack to filter or control a consumer chain has the same effect as censoring or controlling the network. As a result, supply chains don’t need to manage their own validator sets to reap the security benefits of the Cosmos Hub.

The IBC protocol is essential to the operation of Replicated Security. The Cosmos Hub’s validator set is periodically broadcast in IBC packets. Consumer chains then use this information to synchronize their validator sets with the Hub. As a result, validators on Cosmos can use the same stake to verify transactions across several chains.

According to Mintscan.io, this feature is now expected to go live on March 15. 

With the proposal, validators could use a single ATOM staked in the network to ensure the safety of several chains. Consumer chains must send them a share of their fees and inflation to compensate the validators and delegators of the Cosmos Hub for their