Is Cosmos hub (ATOM) Halal or Haram?
Shariah compliance review of Cosmos hub (ATOM) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Comfortable
Cosmos is a project in the blockchain space that aims to create an interoperable ecosystem of independent blockchains. It introduces a hub-and-spoke model where various blockchains, called zones, can connect to a central hub, known as the Cosmos Hub, to facilitate communication and data transfer between different blockchains. Each blockain has it's own tokenomics, and all potentinally impermissible transactions are conducted on respective protocols, we didn't notice any suspicions transactions to be held on main hib, hence we see nothing inherently wrong with providing validator service to main Cosmos Hub.
Staking verdict: Comfortable
Cosmos is a project in the blockchain space that aims to create an interoperable ecosystem of independent blockchains. It introduces a hub-and-spoke model where various blockchains, called zones, can connect to a central hub, known as the Cosmos Hub, to facilitate communication and data transfer between different blockchains. Each blockchain has its own tokenomics, and all potentially impermissible transactions are conducted on respective protocols, we did not notice any suspicions transactions to be held on main hub, hence we see nothing inherently wrong with providing validator service to main Cosmos Hub.
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