EVMOS Explained
What is Evmos?
Evmos is an Inter-Blockchain Communication protocol, a.k.a. IBC; the IP layer for blockchains. IBC is currently the safest and most secure and decentralized way to move assets across different blockchains, unlocking interoperability across multiple chains.
Who are the Founders of Evmos?
Evmos project was cofounded by Federico Kunze Küllmer, Akash Khosla, and Nic Z.
What is the volume of Evmos Coins in Circulation?
Evmos has a current circulating supply of 576.08M EVMOS coins. The maximum supply of EVMOS coins could not be ascertain at the moment as the figures keeps fluctuating.
How Does EVMOS Coin Operate?
Evmos leverages the Cosmos SDK serves as the first IBC-compatible EVM-based chain, bringing composability, interoperability, and fast finality to Ethereum. Evmos enables Web3 developers to seamlessly deploy Ethereum smart contracts onto application-specific Cosmos blockchains in addition to fostering interoperability by connecting decentralized applications to several blockchains – enabling them to take advantage of pooled liquidity from various networks.
What are the Functions of Evmos Coin?
EVM-compatible layer one chains, such as Evmos, enable developers to deploy Ethereum apps to a large user base, enhancing the apps’ usability.
Evmos users also gain from super-fast transaction times, great throughput, and lower costs. Users enjoy fast transactions without having to wait for hours for a transaction to be completed. This is one of the reasons EVMOS is satisfactory for users, as a reduction in network congestion leads to reduced cost, causing developers to scale DApps effectively.
Where Can I Trade Evmos?
Evmos coins can be traded on several cryptocurrency exchange which includes Bitget, HTX, Osmosis, MEXC and Helix.
