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Cosmos Doubles Down on What It Does Best: Connecting Blockchains


by Ikemefula Aruogu
for CoinEdition
A Look at Why Cosmos Just Paused Its Ambitious EVM Project
  • Cosmos has paused plans to launch an Ethereum Virtual Machine (EVM) platform.
  • Research and iteration led Cosmos to abort its EVM launch plans.
  • The Cosmos project will continue to deliver services via the IBC protocol.

The team behind Cosmos, a decentralized network of interoperable blockchains, has announced it is pausing its plans to launch an Ethereum Virtual Machine (EVM) platform. 

In its latest blog post, the Cosmos team cited cost and potential impact on user experience as key reasons behind its latest decision.

New strategy to focusing on strengths; not competition

The Cosmos team noted that building yet another virtual machine does not align with the project’s core strength, which is multi-chain interoperability. The team stated that it will now move forward by focusing on delivering services via its powerful Inter-Blockchain Communication Protocol (IBC), while strengthening the Cosmos Hub’s role in the Layer-1 services market.

Related: Cosmos (ATOM) Price Prediction 2025–2030: Will It Break Above $10 in 2025?

In the meantime, Cosmos’ latest decision for…

The post Cosmos Doubles Down on What It Does Best: Connecting Blockchains appeared first on Coin Edition.

Read the article at CoinEdition

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Cosmos Doubles Down on What It Does Best: Connecting Blockchains


by Ikemefula Aruogu
for CoinEdition
A Look at Why Cosmos Just Paused Its Ambitious EVM Project
  • Cosmos has paused plans to launch an Ethereum Virtual Machine (EVM) platform.
  • Research and iteration led Cosmos to abort its EVM launch plans.
  • The Cosmos project will continue to deliver services via the IBC protocol.

The team behind Cosmos, a decentralized network of interoperable blockchains, has announced it is pausing its plans to launch an Ethereum Virtual Machine (EVM) platform. 

In its latest blog post, the Cosmos team cited cost and potential impact on user experience as key reasons behind its latest decision.

New strategy to focusing on strengths; not competition

The Cosmos team noted that building yet another virtual machine does not align with the project’s core strength, which is multi-chain interoperability. The team stated that it will now move forward by focusing on delivering services via its powerful Inter-Blockchain Communication Protocol (IBC), while strengthening the Cosmos Hub’s role in the Layer-1 services market.

Related: Cosmos (ATOM) Price Prediction 2025–2030: Will It Break Above $10 in 2025?

In the meantime, Cosmos’ latest decision for…

The post Cosmos Doubles Down on What It Does Best: Connecting Blockchains appeared first on Coin Edition.

Read the article at CoinEdition

Read More

BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins

BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins

BlackRock has purchased over $547 million worth of Ethereum, exceeding its Bitcoin in...
BTC’s Upwards Trajectory is Unshaken, But Few Altcoins Will Perform Well – Coinbase and Glassnode

BTC’s Upwards Trajectory is Unshaken, But Few Altcoins Will Perform Well – Coinbase and Glassnode

Despite potential risks, Bitcoin is likely to continue rising this year, though the s...