Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » News » Cosmos Bridge to Ethereum Is Slated to Launch in 2021

Cosmos Bridge to Ethereum Is Slated to Launch in 2021

by

Cosmos will soon get a new hub offering compatibility with the Ethereum Virtual Machine.

Cosmos Bridge to Ethereum Is Slated to Launch in 2021
Shutterstock cover by Denis Belitsky

Key Takeaways

  • Evmos is a hub allowing Ethereum-based contracts to communicate within the Cosmos ecosystem.
  • The Evmos project is being rebranded from Ethermint, which launched in 2016.
  • The project is hoping to achieve full EVM compatibility for Cosmos by the end of the year.

Share this article

A new Cosmos hub compatible with the Ethereum Virtual Machine will allow for cross-chain activity between the two blockchains.

Cosmos Hub Plans to Launch Bridge

A project focused on allowing interoperability between the various EVM-compatible blockchains is launching on Cosmos.

Evmos, short for “EVM-on-Cosmos,” will allow Ethereum-based contracts to communicate within the Cosmos ecosystem.

Hubs act as relay chains that connect many other chains. The network currently has two other hubs: the Cosmos Hub and Kava.

Outlining the plans for Evmos in a blog post, Tharsis, the development team behind the project, said it would focus on “making it easy for [Ethereum] Smart Contracts to deploy and communicate within the Cosmos.”

Evmos was originally branded as Ethermint. It launched in 2016 to create a bridge to and from Ethereum. However, the team was unable to develop its original plans due to trademark issues. It’s since rebranded and adjusted its strategy.

In April, Tharsis received a grant of 100,000 ATOM (worth about $2 million at the time) from the Cosmos community pool to develop an ecosystem of EVM-based chains on the network.

Many other non-EVM Layer 1 blockchains like Polkadot and Solana have plans to support Ethereum contracts in one form or another. Ethereum is the most widely used blockchain; it’s become a hub for the rapidly-expanding DeFi and NFT spaces. Offering compatibility with the Ethereum Virtual Machine allows other blockchains to increase liquidity on their networks by supporting Ethereum assets.

According to the blog post, Evmos is aiming for Cosmos to achieve full EVM compatibility by the end of the year. Before that, though, it plans to launch a testnet. That’s scheduled to go live next week.

Disclosure: At the time of writing, the author of this feature owned ATOM and ETH.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.