3. The future is multi chain. It’s the the most optimized, resource efficient way forward.
Enter #Evmos, the bridge between ETH and Cosmos. $EVMOS is a scalable, fast, Ethereum-compatible proof of stake blockchain built in the Cosmos ecosystem
Enter #Evmos, the bridge between ETH and Cosmos. $EVMOS is a scalable, fast, Ethereum-compatible proof of stake blockchain built in the Cosmos ecosystem
4. #Evmos enables is integrating ETH and ETH Virtual machine (EVM) compatible chains to Cosmos.
This means that chains like #Fantom, #Avalanche and #HarmonyONE ( I wrote 101s on all of these😉) can integrate with #Cosmos.
This means that chains like #Fantom, #Avalanche and #HarmonyONE ( I wrote 101s on all of these😉) can integrate with #Cosmos.
5. #Comos has this thing called IBC which allows communication and transfer of assets between chains in the ecosystem. Which is big.
EVMOS connects ETH and other EVM chains to the Cosmos ecosystem. Which is even bigger. All EVM compatible, tokens, NFTs and Dapps can be bridged
EVMOS connects ETH and other EVM chains to the Cosmos ecosystem. Which is even bigger. All EVM compatible, tokens, NFTs and Dapps can be bridged
7. #Evmos enables Ethereum as a Cosmos SDK application-specific blockchain. This allows teams to choose what they want from Ethereum, Tendermint’s PoS consensus system, allowing for EVM compatibility, high throughput, horizontal scalability via IBC and Fast transaction finality
8. ETH dapps would want to deploy on #Evmos because it gives them PoS consensus, fast transactions, low fees and access to the COSMOS and IBC ecosystem.
10. $EVMOS is the the native token that is used for governance, staking and rewards.
L2 typically have 3 actors: Devs, Users and block propsers (Miners or validators)
L2 typically have 3 actors: Devs, Users and block propsers (Miners or validators)
11. Historically, L1s have fallen short of equally giving out value across these actors.
Typically block proposers accumulate the most shares of the network while users and devs are left with less.
#Evmos is taking steps to ensure that all actors get a fair share.
Typically block proposers accumulate the most shares of the network while users and devs are left with less.
#Evmos is taking steps to ensure that all actors get a fair share.
12. At launch, 200M $EVMOS tokens were airdropped.
In the first year, another 300M tokens will be issued, this means that #Evmos is highly inflationary.
Inflation will decrease year by year in an exponential decay schedule.
In the first year, another 300M tokens will be issued, this means that #Evmos is highly inflationary.
Inflation will decrease year by year in an exponential decay schedule.
13. Another really cool feature is #CEVMOS.
CEVMOS is the partnership between @CelestiaOrg
(just wrote a thread on them) and #Evmos
Overall, this is a really cool project that I am excited about. The world is going multi chain.
CEVMOS is the partnership between @CelestiaOrg
(just wrote a thread on them) and #Evmos
Overall, this is a really cool project that I am excited about. The world is going multi chain.
15. Accounts to follow for $EVMOS insights:
@EvmosOrg @0xRainandCoffee @bigdsenpai @CitadelOneNode @coslend @EvmOSPunks @EvmosWhale @0xFunda @AnonUser_404 @ObieNotDobo @evmchan @spacefi_io @Xangle_official @KinesisLabs @0xChronicle
@ThorusFi @joshua_aniel
RT would mean a lot!
@EvmosOrg @0xRainandCoffee @bigdsenpai @CitadelOneNode @coslend @EvmOSPunks @EvmosWhale @0xFunda @AnonUser_404 @ObieNotDobo @evmchan @spacefi_io @Xangle_official @KinesisLabs @0xChronicle
@ThorusFi @joshua_aniel
RT would mean a lot!
16. Hope this was insightful, I regularly write web3 101s and breakdowns. Follow to stay updated.
Here are some of my older 101s:
Here are some of my older 101s:
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