The team behind the EVM-compatible Evmos protocol, enabling transactions between Ethereum and the Cosmos ecosystem, has restarted the mainnet. The news was shared on the project’s Discord server.
\”The network is live and producing blocks. Please wait for the network to reach a stable state before services such as explorers and dashboards are fully operational. A big thank you to the excellent validators supporting the network,\” a project representative wrote.
At the heart of Evmos lies the Inter-Blockchain Communication Protocol (IBC), a standardised interoperability protocol. It enables the transfer of tokens and other data within the Cosmos ecosystem.
Evmos also contains a token-oriented ERC-20 standard module, enabling other projects to integrate networks within the Cosmos ecosystem. Developers can build smart contracts on Evmos that interact with applications connected to IBC.
Evmos first launched in March 2022, but the project faced issues related to the large number of required integrations. The IBC developers also reported a bug in the code that prevented liquidity pools from being created in Osmosis.
The team released an update that required participation from network validators, but its rollout was unsuccessful, resulting in the mainnet stalling.
According to the Mintscan explorer, developers abandoned a restart from scratch in favour of restoring the blockchain history.
In April 2022, Ignite (formerly Tendermint), the Cosmos development company behind Cosmos, launched a blockchain accelerator worth $150 million. The program targets Web 3.0 projects.
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