Kava DAO Crypto News – 2022 Ethereum/Cosmos Co-Chain Launch Report Released

Mon Apr 4, 2022 - 8:00am GMT+0000

Portland,United States – March 22, 2022

Kava Wire has published a guide to the Kava Network’s upcoming launch – a blockchain featuring innovative co-chain architecture, designed to support a decentralized future at scale. The network allows for the seamless integration of both the EVM and Cosmos SDK development environments, bringing together the two most popular web3 ecosystems in one developer-friendly space.

More details can be found at https://kavawire.com/kava-embraces-multi-chain-co-chains-future

The report highlights the many benefits of a multi-chain approach, allowing developers, applications, and users to migrate between chains, bringing their assets with them in the pursuit of value and new opportunities.

The Kava Network is governed by the KavaDAO, secured by validators and stakers, and is powered by the Tendermint Consensus Engine. The dual-chain integration of Ethereum and Cosmos is enabled by the Kava Network’s powerful and robust L-1 Architecture. This cross-chain initiative is an industry first, giving developers access to both environments via a single network.

By bringing together the two most powerful ecosystems, the Kava network is set to precipitate a surge in activity, proliferating opportunities for Ethereum’s 4,000 active monthly developers and the 260 projects currently building on the Cosmos SDK. Reports suggest that the combined TVL of these two ecosystems is in excess of $647 billion.

The EVM and Cosmos Co-Chain Public Beta Testnet launches on April 5th, 2022. Participants are set to gain rewards for testing the architecture and will gain hands-on experience of Kava Network’s dApps. The ETH Bridge will launch on the same day, unlocking ERC-20 and ERC-1155 assets. May 3rd will see the full launch of the Kava Network, complete with Ethereum and Cosmos cross-chain architecture.

About Kava Wire

The website’s mission is to provide users with up-to-the-minute news, analysis, and commentary on the innovations and lucrative opportunities of the KavaDAO DeFi space. In the increasingly complex world of cryptocurrency, Kava Wire aims to simplify and offer insight for crypto beginners and more experienced traders alike.

A spokesperson says, “The Co-Chain packages the industry’s two most-used execution environments within a single network. Ethereum meets Cosmos via the Kava Network’s robust, developer-optimized L-1 architecture.”

With the launch of its report on the Kava Network’s cross-chain development hub, Kava Wire continues to educate and enlighten its readers with KavaDAO blockchain analysis.

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Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.

Contact Info:
Name: Milo Culbert
Email: Send Email
Organization: KAVA Wire
Address: 11923 NE Sumner St STE 312525, Portland, Oregon 97220, United States
Website: https://kavawire.com

Source: NewsNetwork

Release ID: 89071699