The developers of the decentralized finance protocol Kava on the Cosmos network have announced the launch of the alpha version of the new network with support for the Ethereum Virtual Machine (EVM).
Ethereum remains the most popular network for deploying decentralized applications, but now smart contracts can be run on the Kava test network. About 15 projects from the Kava Pioneer Program will be the first to get access to the testnet, including Beefy Finance, AutoFarm and RenVM. As part of testing, it is planned to check the compatibility of Kava co-chains.
“Ethereum is a blockchain where most of the projects and developers are still running, but Cosmos is rapidly evolving and is much better in terms of scalability and support for other networks. Combining the best of both ecosystems with Kava will be the foundation for our goal of bringing 100 protocols to the Kava ecosystem,” said Scott Stuart, CEO of Kava Labs.
In January, the project developers launched the Kava 9 mainnet, which made it possible to deploy the co-chain system and add EVM support. Last fall, it was reported that the Cosmos network had become much more popular and the number of transactions per month exceeded 1 million.
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