- Evmos is a hub allowing Ethereum-based contracts to communicate within the Cosmos ecosystem.
- The Evmos project is being rebranded from Ethermint, which launched in 2016.
- The project is hoping to achieve full achieve full EVM compatibility for Cosmos by the end of the year.
Share this article
A new Cosmos hub compatible with the Ethereum Virtual Machine will allow for cross-chain activity between the two blockchains.
Cosmos Hub Plans to Launch Bridge
A project focused on allowing interoperability between the various EVM-compatible blockchains is launching on Cosmos.
Evmos, short for “EVM-on-Cosmos,” will allow Ethereum-based contracts to communicate within the Cosmos ecosystem.
Hubs act as relay chains that connect many other chains. The network currently has two other hubs: the Cosmos Hub and Kava.
Outlining the plans for Evmos in a blog post, Tharsis, the development team behind the project, said it would focus on “making it easy for [Ethereum] Smart Contracts to deploy and communicate within the Cosmos.”
Evmos was originally branded as Ethermint. It launched in 2016 to create a bridge to and from Ethereum. However, the team was unable to develop its original plans due to trademark issues. It’s since rebranded and adjusted its strategy.
In April, Tharsis received a grant of 100,000 ATOM (worth about $2 million at the time) from the Cosmos community pool to develop an ecosystem of EVM-based chains on the network.
Many other non-EVM Layer 1 blockchains like Polkadot and Solana have plans to support Ethereum contracts in one form or another. Ethereum is the most widely used blockchain; it’s become a hub for the rapidly-expanding DeFi and NFT spaces. Offering compatibility with the Ethereum Virtual Machine allows other blockchains to increase liquidity on their networks by supporting Ethereum assets.
According to the blog post, Evmos is aiming for Cosmos to achieve full EVM compatibility by the end of the year. Before that, though, it plans to launch a testnet. That’s scheduled to go live next week.
Disclosure: At the time of writing, the author of this feature owned ATOM and ETH.
Meet Cosmos: The Internet Of Blockchains
Tendermint unveils its flagship program, the Cosmos Network, an interconnected system of blockchains aimed to solve scalability, trust and interoperability all at once.
Cosmos Adds Interoperability, Sending ATOM Higher
Cosmos has expanded interoperability with other blockchains, pushing the price of ATOM through a crucial resistance barrier. Cosmos Opens the Interoperable Era In a nearly unanimous vote, ATOM token holders…
Efficient Market Hypothesis: Does Crypto Follow?
The Efficient Market Hypothesis (EMH) is a concept in financial economics which states that security prices reflect all the available information about a financial instrument. EMH is one of the…