Evmos Shifts Focus to Ethereum Transactions
Strategic Shift to Ethereum Transactions
Evmos, part of the Cosmos network, is transitioning to exclusively support Ethereum-based transactions. This strategic move focuses on accommodating Ethereum wallets and tools such as WalletConnect, Rabby, MetaMask, and hardware wallets like Ledger. The primary goal is to simplify operations by concentrating on Ethereum transaction compatibility within the Evmos network.
Simplifying Developer Processes
The decision stems from the challenges of maintaining compatibility between Cosmos and Ethereum clients, which have distinct transaction hashes. By focusing solely on Ethereum transactions, Evmos aims to alleviate the complexities developers face and streamline development processes. This shift is expected to enhance wallet efficiency and improve interactions with decentralized applications (dApps) via the Ethereum Virtual Machine on Evmos.
Phased Discontinuation of Cosmos Transactions
Evmos plans to phase out Cosmos transactions by Q3 2024. This change is anticipated to streamline development workflows and improve the overall efficiency of Ethereum wallets on the network. Despite this transition, Evmos will retain core Cosmos functionalities such as staking and governance through EVM Extensions, ensuring continued interoperability.
Impact on Users and Future Plans
As part of the transition, fees from phased-out Cosmos transactions will be burned. Users relying on Cosmos-only wallets must migrate to EVM-compatible clients. This shift marks a significant operational change for Evmos, following a previous $27 million token sale led by Polychain Capital. By adopting an EVM-centric transaction approach, Evmos seeks to enhance service efficiency and deliver faster value to its users.
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