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Cosmos Pauses EVM Platform Launch on Cosmos Hub for Strategic Reevaluation

Cosmos reaffirms its commitment to the EVM L1 stack while pausing the EVM initiative to explore its strategic role in supporting independent EVM chains.

Summary

Cosmos has paused its EVM platform plans for the Cosmos Hub to reassess its strategy, while continuing investments in the Cosmos EVM L1 stack to aid builders of independent EVM chains. The team emphasizes the EVM initiative's unique role within the Cosmos ecosystem and is open to future upgrades based on institutional and L1 builder needs.

Terms & Concepts
  • EVM: Ethereum Virtual Machine, a runtime environment for executing smart contracts on the Ethereum blockchain.
  • L1: Layer 1, referring to the base layer of a blockchain network that operates independently.
  • Cosmos Hub: The central blockchain in the Cosmos network that facilitates communication and interoperability between different blockchains.