Cosmos Hub community "Gaia v16 software upgrade" proposal voting will end on May 10

On May 8, according to official news, the Cosmos Hub community is voting on the "Gaia v16 software upgrade" governance proposal, which will end on May 10. This version introduces the following new features: ICA controller submodule IBC, rate limit module (with initial rate limit outlined in Proposal No. 890), IBC fee module, ICS epochs (part of ICS v4.1.0). After the governance vote is approved, the relevant binaries of Gaia v16.0.0 need to be updated and submitted to the Cosmos Hub. The update process takes about two weeks.

In addition, according to the announcement released by Upbit to support the upgrade of the Cosmos network "Gaia v16", Upbit will suspend the network deposit and withdrawal on May 15, and resume after the network upgrade is stable. #cosmoshub #IBC #Upbit