Evmos (EVMOS)

What is Evmos (EVMOS)?

Evmos, initially envisioned as Ethermint in 2016, is an innovative blockchain network designed to usher in a new era of applications built by global developers. Standing out for its permissionless nature, it empowers users to start utilizing the network instantly without the need for authorization. The key philosophy driving Evmos is the seamless user experience; it seeks to eliminate the constraints of sticking to a single blockchain, allowing users to access applications without continuously switching networks or transferring currencies across various blockchains. Evmos champions "cross-chain" development, enabling applications to be constructed once and be made accessible across numerous chains. This feature ensures users can effortlessly engage with Evmos-based applications without the concern of their foundational blockchain. Evmos is home to a burgeoning ecosystem of decentralized applications (dApps), which challenge conventional notions in areas like finance, creative ownership, gaming, and governance. dApps, by their very nature, are decentralized, devoid of centralized entities, and instead, place the reins in the hands of the community.

Who created Evmos (EVMOS)?

The original concept of Evmos, or Ethermint, was brought to life by a team of dedicated engineers comprising Federico Kunze Küllmer, Akash Khosla, and Nic Z. Their combined expertise and vision led to the creation of this groundbreaking blockchain platform.

What is $EVMOS used for?

$EVMOS serves as the central operational currency within the Evmos ecosystem. Once connected to the Evmos network, users can utilize $EVMOS for peer-to-peer money transfers, eliminating the need for traditional banks or payment services. Additionally, $EVMOS facilitates interactions with cross-chain dApps housed on the Evmos platform. From a technical standpoint, Evmos boasts a scalable Proof-of-Stake blockchain architecture that's seamlessly compatible with the Ethereum Virtual Machine (EVM). Built on the robust foundation of the Cosmos SDK and running atop the CometBFT consensus engine (a derivative of Tendermint Core), Evmos promises swift finality, impressive transaction throughput, and quick block times. This intricate architecture not only supports both Cosmos and EVM transaction formats but also encourages developers to scale EVM dApps cross-chain using IBC. Furthermore, it ensures that tokens and assets within the Evmos network can originate from diverse, independent sources.