"Driving Scalability and Growth: Exploring Evmos's Proof-of-Stake Blockchain Platform"

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19 Jan 2024
25


Evmos is a Proof-of-Stake blockchain platform that offers scalability, high throughput, and full compatibility with Ethereum. It is also interoperable with the rest of the Cosmos Ecosystem through the Inter Blockchain Communication Protocol (IBC), thanks to it being built on top of the Cosmos SDK.

One of the notable features of Evmos is its Deferred Gas Rebates. The platform aims to create a network of applications that are driven by the economy and work together. Initially, the use incentives pool on Evmos will assist in funding the gas that end users purchase. The goal is to provide rewards to users who utilize contracts, effectively functioning as a gas subsidy. Token holders will have the power to determine the workings of the contract and decide which Evmos chain apps are eligible for usage incentive farming. Essentially, this creates a regulated form of liquidity mining that operates in conjunction with the foundation layer.

Additionally, Evmos can be utilized as a means of payment on the platform to incentivize users in generating new blocks. By offering EVMOS as a form of payment, the platform encourages users to actively participate in the block generation process, thus contributing to the overall efficiency and growth of the network.

In summary, Evmos is a scalable Proof-of-Stake blockchain

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