Categories: Blockchain

Sommelier works with Mysten Labs to bring Cosmos smart contracts to market

Sommelier, a co-processing protocol for the Ethereum Virtual Machine or EVM, announced a research and development partnership with Mysten Labs to accelerate liquid transactions and launch intelligent contract applications on the blockchain.

Sommelier was founded in 2020 by Zaki Manian, a core developer of the Cosmos protocol, or LPs.

Blockchain, which combines the Tendermint consensus level, the Cosmos Stargate SDK, and the two-way Ethereum Bridge, will work with Mysten to implement Move’s innovative contract programming to serve the entire Cosmos developer ecosystem support bridge with smart contract functions.

Mysten Labs is a Web 3.0 infrastructure platform founded this year by a group of cryptographic program engineers responsible for the blockchain architecture of Facebook Diem’s ​​cryptocurrency payment platform and mobile wallet.

Mystery’s experience in this area will help scale the Sommelier blockchain to 100,000 transactions per second, or TPS.

Related (Sommelier): Data shows parabolic growth in Layer 2 based DeFi and DEX platforms

Sommelier co-founder Zaki Manian commented on the positive impact of the partnership:

“With this partnership, we aim to complete the work of unlocking Tendermint’s potential to be the fastest blockchain network in a data center-level environment.

We are excited to partner with the best of Facebook’s top team of former cryptography and distributed computing engineers who brought Diem and Novi to life. “

CoinX

Recent Posts

Crypto Exchange-Traded Products Will Be Launched On May 28 In UK

The UK’s FCA approved WisdomTree Inc. to list crypto exchange-traded products on the London Stock…

20 mins ago

Buterin Transfers ETH To Railgun Monthly: Boost For Privacy Or Red Flag?

Vitalik Buterin transfers ETH to Railgun monthly, which has highlighted the privacy benefits of the…

23 mins ago

Gate.io Celebrates 11th Anniversary with Prize Activities and Vision for the Future

May 22nd, Panama - Gate.io, a leading crypto exchange and Web3 innovator, has announced its…

6 hours ago

Philippines Fintech Revolution Summit

We TraiCon Events will be hosting Philippine’s premier fintech event titled as “Fintech Revolution Summit”…

6 hours ago

Crypto Usage at US Online Casinos in 2024

Learn more about the dynamic role of cryptocurrency at US online casinos in 2024, where…

7 hours ago

Pros and Cons of Crypto Gambling Online

As both online gaming and cryptocurrency have experienced unprecedented growth, their two worlds are colliding…

7 hours ago

This website uses cookies.