Evmos Price

Evmos is a highly scalable EVM-compatible layer one blockchain based on the proof-of-stake (PoS) consensus mechanism. Built on the Comet BFT consensus algorithm, and based on the Cosmos software development kit, Evmos facilitates super-fast transaction times, high throughput, and low costs. As a result, developers can build scalable decentralized applications (dApps) effectively in addition to being able to run Ethereum smart contracts on app-specific Cosmos networks. Evmos is compatible with Inter-Blockchain Communication (IBC) protocol – which is regarded as the safest and most secure means of moving tokens between several chains. The Inter-Blockchain Communication protocol enables Evmos to connect decentralized applications to various blockchains, thereby enabling users to take advantage of combined liquidity.