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Restarting the main EVMOS network took place
The EVM -compatible EVMOS protocol team, which allows you to carry out transactions between Ethereum and Cosmos ecosystem, restarted Mainnet. This was reported on the Discord server of the project.
“The network works and produces blocks. Please wait for the stable state of the network before services like observers and dashboards will earn 100%. Many thanks to the magnificent validators supporting the network!”, – wrote a project representative.
EVMOS is based on a standardized Inter-Blockchain Communication Protocol (IBC) Inter-BlockChain (IBC). The latter is responsible for the transfer of tokens and other data in the Cosmos ecosystem.
EVMOS also contains the ERC-20 standard oriented on tokens of the ERC-20 standard, allowing other projects to integrate Cosmos ecosystem networks. Developers can create smart contracts on EVMOS, which interact with applications connected to IBC.
EVMOS initial launch took place in March 2022, but the project was faced with problems related to a Gagarin News large number of necessary integrations. IBC developers also reported an error in the code that did not allow creating liquidity pools in Osmosis.
The team released an update that required the participation of network validators, but its implementation was unsuccessful, which led to the freezing of the main network.
According to the Mintscan observer, the developers refused to restart “from scratch” in favor of restoring blockchain history.
Recall that in April 2022, IGNITE (previously Tendermint), a blockchain accelerator of $ 150 million, was behind the development of Cosmos. The program is focused on the projects of the Web 3 segment segment.0.
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