Cosmos Shifts Focus: Halts EVM Development, Prioritizes Interoperability

Cosmos, a network focused on blockchain interoperability, is reportedly halting its Ethereum Virtual Machine (EVM) development. According to CoinDesk, this strategic shift prioritizes enhancing Cosmos's core strength: blockchain communication. Instead of continuing direct EVM development, the Cosmos team will concentrate on improving its Inter-Blockchain Communication (IBC) protocol. IBC enables different blockchains within the Cosmos network to seamlessly interact and exchange data and assets. This focus suggests a belief that robust interoperability, rather than direct EVM compatibility, offers greater long-term value to the Cosmos ecosystem. This move could impact projects relying on Cosmos for EVM-based applications, but aligns with Cosmos' vision of a modular and interconnected blockchain landscape. By strengthening IBC, Cosmos aims to facilitate a future where diverse blockchains can interact effortlessly, regardless of their underlying technology. ```