Cosmos Ecosystem released major news that captured my attention this week, as I explained to you, Lucas James. The Interchain Foundation declared that Evmos had entered the Cosmos ecosystem as its native Ethereum Virtual Machine (EVM) framework after its open-source release. Cosmos opened Evmos for everyone to use, and this development functions as a transformative technology that integrates Ethereum smart contracts with Cosmos while creating both necessary and thrilling possibilities.
Since its mainnet launch in 2022, Evmos has played a central role in linking Cosmos network operations to those of Ethereum. The Interchain Foundation now supports the transition of Evmos into Cosmos EVM, allowing it to function as part of the official Interchain software stack that includes Cosmos SDK. The multichain Cosmos universe enables more than 200 appchains to access its standardized EVM setup. The package includes all Ethereum tools, including(JSON-RPC, as well as Ethereum wallets and standard ERC-20 tokens while maintaining a design appropriate for Cosmos’ structure.
Bridge Between Giants: Interoperability in Focus
My long-term observation of Cosmos has revealed to Lucas James that the added ecosystem interoperability brings greater strength to the Cosmos system. The Inter-Blockchain Communication (IBC) protocol has always made Cosmos function as a network that enables hassle-free cross-chain transactions. The incorporation of Cosmos EVM introduces an open invitation for Ethereum developers to interact with Cosmos chains by establishing friendly communication channels for EVM-based projects. This partnership’s power enables DeFi platforms, NFT marketplaces, and new token economies to operate seamlessly between Ethereum and Cosmos networks.
History plays an exciting role in this development. The project was launched as Ethermint in 2016 to unite Ethereum features with Cosmos network expansion abilities. Evmos entered the cosmos as its own blockchain in 2022 following a token sale that raised $27 million from Polychain Capital. But the journey’s shifting now. The co-founder and central contributor Federico Kunze Küllmer of Evmos has decided to detach from his responsibilities as a core team member. Evmos development company Altiplanic, alongside its founder Federico Kunze Küllmer, decided to disband operations on the Evmos codebase. The Interchain Foundation will continue receiving Federico’s counsel as he actively advises Cosmos EVM to maintain its advantages regarding interoperability and modular features. The project’s maturation synchronizes with a bittersweet change that transforms it from a groundbreaking startup into an essential foundation for Cosmos’ path forward.
Market Moves and What’s Next
The upcoming challenges in this situation can be tough to understand. Recent price data from The Block shows the Evmos token fell more than 30% throughout the previous 24 hours. Numerous factors may cause the Evmos token price to drop by thirty percent, according to price data from The Block, unless investors are uncertain about the network’s direction. No matter the outcome, the achievement in tech operates as an indicator that tech breakthroughs rarely drive instant price increases.
Why does this matter? Smart contracts rely on EVM as their standard operating system,m which runs Ethereum and multiple succeeding chains in pursuit of its dominance. The Interchain Foundation believes that developers will achieve maximum flexibility and interoperability through their decision to open-source Evmos as Cosmos EVM. The Cosmos EVM signals to Lucas James that Cosmos embraces a path beyond standing still because it has created its exclusive position within the multichain competition.
The latest updates regarding this topic will appear at “blocknewsx.com”. The previous article explained the disruptive impact that Cosmos appchains create in cryptographic markets. My upcoming article will explain how Cosmos EVM affects developers and investment decisions. Got any thoughts on this? Let me know—I’m all ears.
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