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Home Crypto Exchanges

Evmos relaunches following a botched roll-out in March

by ethozedge
April 28, 2022
in Crypto Exchanges
Reading Time: 3 mins read
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Evmos, an Ethereum Virtual Machine (EVM)-compatible blockchain, has gone live. The team behind the project, @EvmosOrg, announced this news through Twitter, simply saying:

“Evmos is live.” 

With this launch, users will be able to run vanilla Ethereum as a Cosmos application-specific blockchain. The launch will allow developers to access all Ethereum features and benefit from Tendermint’s Proof-of-Stake (PoS) implementation.

Through Evmos, Ethereum-native developers will be able to plug into the vast Cosmos ecosystem and launch apps on-chain. The Evmos blockchain is built on the Cosmos SDK, which allows it to exchange information with the broader Cosmos ecosystem through the Inter-Blockchain Communication protocol (IBC). 

Soon after Evmos went live, Nomad announced that it was the chosen partner for bridging Evmos to other EVM chains.

Commending Evmos for achieving this milestone, Nomad tweeted, 

We’re excited for Evmos’s mainnet relaunch today and would like to congratulate the entire team on what they’ve accomplished.

Godspeed! 💪

— Nomad (@nomadxyz_) April 27, 2022

Evmos has a new dashboard for claiming tokens

For the successful launch of Evmos, the project had to learn from the mistakes it made during the botched launch in March. At the time, the blockchain went live with multiple bugs that prevented users from claiming airdropped tokens.

Attempting to fix this issue, the Evmos team released an update, but it only exacerbated the matter by creating a critical security vulnerability. As a result, validators coordinated to shut down the entire chain.

Explaining what happened, Evmos founder Federico Kunze Küllmer told CoinDesk, 

We decided as a community of validators and on the core team to just take a step back and try it again once we have everything sorted out.

Over the past month, the team worked on simplifying the process of claiming tokens, which users lost during the March launch. The result is a dashboard that allows users to claim airdropped tokens. Additionally, the dashboard enables users to stake tokens and participate in protocol governance.

Küllmer added:

We implemented additional checks on the claiming process and we also introduced our recovery for all the funds that were stuck. We also have a clear guide for how to claim the tokens and how to recover tokens permanently stuck.

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Tags: bitcoin newsbotchedcrypto analysiscrypto newsEthoz EdgeEvmosLatest bitcoin newslatest crypto newsMarchrelaunchesrollout
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