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What is Evmos (EVMOS)?

Evmos is an Ethereum PoS (proof-of-stake) blockchain. It is designed to unite the Cosmos and Ethereum ecosystems.

Here’s how Evmos describe themselves:

Evmos is the EVM (Ethereum Virtual Machine) hub on Cosmos. By choosing to build on Evmos, developers get the same benefits as building on the Ethereum network, but with the added bonus of being able to easily exchange value with the rest of the Cosmos Ecosystem (which includes projects such as Binance Chain) through the ‘Inter Blockchain Communication Protocol’ (IBC).

(Very) brief history

Evmos is backed by the Cosmos community.

The project started out as ‘Ethermint’ in 2016, and ran on Cosmos’ Tendermint consensus protocol. In April 2021, the Cosmos community awarded the project 100,000 ATOM tokens as funding to help launch their own Layer-1 blockchain. The project renamed itself ‘EVMOS’, since it brings EVM (Ethereum Virtual Machine) to the Cosmos ecosystem (EVM-OS).

EVMOS token utility?

EVMOS is used for transaction fees, staking, and governance. The token is also used to reward users, developers, and validators for performing various services on the network.

Check out their documentation for further details.