Interchain Foundation supports Tharsis Labs in open-sourcing evmOS, enhancing compatibility between Ethereum and Cosmos networks.
Funding and Project Goals
The Interchain Foundation announced its support for Tharsis Labs in open-sourcing evmOS. This move aims to enhance interaction between Ethereum and Cosmos by offering users the functionality of Cosmos on the Ethereum platform.
Development and Integration of Cosmos EVM
Tharsis Labs will open-source the Ethereum-compatible software under the Apache 2.0 license. Cosmos EVM will be part of the Interchain Stack and developed by the Interchain Labs team.
Prospects and Support from Interchain Foundation
The integration of evmOS as the main EVM solution for Cosmos targets benefits like cross-chain communication for scaling DeFi. The Interchain Foundation remains committed to the project's roadmap.
The support from Interchain Foundation and the development of open-source evmOS provide new opportunities for integration and innovation between the Ethereum and Cosmos networks.