Evmos Price Chart Update [EVMOS]

The EVMOS price update as of now is $0.04295. In the previous 24 hours, its trading volume was $870,493, and its value has decreased by -3.89%. As of now, EVMOS's live market cap is $19,530,984, and it is ranked as the #3119 on the Coincu. EVMOS has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

Introduction to Evmos (EVMOS)

Evmos, also referred to as EVM on Cosmos, is a scalable Proof-of-Stake Blockchain platform. It is constructed using the Cosmos SDK and operates on Tendermint Core with a consensus mechanism. Evmos aims to establish a connection between the EVM chain and Ethereum within the Cosmos ecosystem. This enables applications and cryptocurrencies to operate on Vanilla Ethereum in the form of the Cosmos Blockchain. Developers can take advantage of the full functionality of Ethereum while benefiting from Tendermint's PoS implementation and the ability to exchange value with the Cosmos ecosystem through the Inter Blockchain Communication Protocol (IBC).

Key Features of Evmos (EVMOS)

Evmos combines the features of the Ethereum Blockchain network and the Cosmos ecosystem. It inherits the fast execution speed, high throughput, and low transaction fees provided by the Cosmos SDK and Tendermint Core mechanism. Through the IBC connection, Evmos allows EVM projects to connect with 21 Blockchains in the Cosmos "universe" and vice versa. The primary features of Evmos include compatibility between Web 3 and EVM, high throughput via Tendermint Core, horizontal scalability via IBC, and increased transaction speed.

Evmos achieves these features by implementing Tendermint Core Blockchain application interfaces for Blockchain management, leveraging modules and mechanisms implemented by the Cosmos SDK, and providing a corresponding Web3 JSON-RPC layer to ensure compatibility with existing Ethereum applications and tools.

Key Advantages of Evmos (EVMOS)

Evmos distinguishes itself through its superior features and interoperability with EVM and protocols on the Ethereum network, as well as the Cosmos ecosystem through the built-in IBC bridge. It also incorporates unique mechanisms such as gas reduction, liquidity mining, dApp Store, and optimized IBC forwarding fees.

Gas Reduction Mechanism

Evmos supports gas fee reduction through a mechanism called "gas subsidies", which is enabled by Quality-of-Service (QoS). This mechanism provides incentives to users and allocates rewards to support gas fees.

Liquidity Mining Mechanism

Liquidity Mining is a mechanism that influences TVL (Total Value Locked) and user participation. It efficiently manages user behavior by allocating EVMOS tokens from incentive pools and Smart Contracts.

dApp Store Mechanism

Evmos utilizes gas fees to establish protocol ownership and ensures fairness by distributing rewards (gas fees) between developers and miners through a construction service known as the dApp Store.

Optimized IBC Forwarding Fees

Evmos introduces IBC Relayer Free Rebates, a unique feature that balances inflation through the allocation of tokens to validators. Certain IBC transactions, such as UpdateClient and ICB Transfer, have a 50% return rate.

Roadmap

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