Set EVMThe compatible Evmos protocol, which allows transactions between Ethereum and the Cosmos ecosystem, has restarted the mainnet. This was reported on the project’s Discord server.

“The network is up and running and producing blocks. Please wait for the network to stabilize before services such as browsers and dashboards become 100% functional. A big thank you to the great validators who keep the network up and running!” wrote a spokesperson for the project.

Evmos is based on the standardized Blockchain Interoperability Protocol (IBC) interoperability protocol. The latter is responsible for the transfer of tokens and other data in the Cosmos ecosystem.

Evmos also includes an ERC-20 token-centric module that allows other projects to integrate the networks of the Cosmos ecosystem. Developers can create smart contracts on Evmos that interact with applications connected to IBC.

The initial launch of Evmos took place in March 2022, but the project ran into problems due to a large number of required integrations. IBC’s developers also reported a bug in the code that prevented the creation of liquidity pools in Osmosis.

The team released an update that required the participation of network validators, but its implementation failed, causing the mainnet to hang.

According to Mintscan, the developers abandoned the reboot from scratch to restore the history of the blockchain.

Recall that in April 2022, Ignite (formerly Tendermint), the company behind the development of Cosmos, launched a $150 million blockchain accelerator. The program is focused on projects in the Web 3.0 segment.