Cosmos, the blockchain interoperability network, has decided to pause its plans to launch an Ethereum Virtual Machine (EVM) platform on its Cosmos Hub. The decision comes after careful consideration of the costs and potential impact on user experience, which do not align with Cosmos' core strength of multi-chain interoperability. The Cosmos team recognizes that building a VM is a resource-intensive process that could divert attention and resources away from the network's primary mission. Instead, they have chosen to refocus their efforts on delivering services through the Inter-Blockchain Communication (IBC) protocol, which is designed to facilitate seamless communication and data transfer between different blockchains. By prioritizing IBC and strengthening the Cosmos Hub's role in the L1 services market, the network aims to create a more efficient and interconnected blockchain ecosystem. This approach allows Cosmos to leverage its existing infrastructure and expertise in interoperability to provide valuable services to its users and the broader blockchain community. The decision to halt the EVM launch demonstrates Cosmos' commitment to adapting its strategy based on the evolving needs of the blockchain industry. By focusing on IBC and L1 services, Cosmos can continue to drive innovation and growth in the interoperability space, ultimately benefiting the entire blockchain ecosystem.
