The core team at Layer 1 blockchain Evmos, which facilitates the integration of Ethereum smart contracts within the Cosmos network, is planning to discontinue support for Cosmos transactions to focus exclusively on Ethereum-based transactions. This means the core network will support only Ethereum-based wallets and tools instead of those designed for Cosmos.
The transition to a single transaction format is expected to streamline the development workflow and improve the efficiency of Ethereum wallets on the network. Evmos announced a phased discontinuation of Cosmos transactions, targeting full completion by the third quarter of 2024.
Evmos is a blockchain platform that aims to bring the capabilities of the Ethereum Virtual Machine (EVM) to the Cosmos ecosystem. The Cosmos network is designed to enable interoperability between different blockchains, allowing them to communicate and transfer assets with one another.
Evmos, short for "Ethereum Virtual Machine on Cosmos," is specifically focused on providing support for smart contracts and decentralized applications (dApps) using the Ethereum tooling and ecosystem. By integrating the EVM into the Cosmos network, Evmos seeks to leverage the benefits of Cosmos, such as scalability and interoperability, while also tapping into the rich developer community and existing applications built on Ethereum.
The relationship between Evmos and Cosmos can be understood in the context of interoperability and the desire to bridge different blockchain ecosystems. By incorporating the EVM into Cosmos, Evmos aims to enable seamless interaction and asset transfers between Ethereum-based applications and other blockchains within the Cosmos network. This interoperability is facilitated through the use of the Inter-Blockchain Communication (IBC) protocol, a key feature of the Cosmos network that enables secure communication and token transfer between sovereign blockchains.
Overall, Evmos represents an effort to combine the strengths of the EVM and the Cosmos network, allowing developers to build and deploy Ethereum-compatible smart contracts and dApps within the Cosmos ecosystem, while also benefiting from its scalability and interoperability features.