Dymension, a blockchain development firm, announced it is working on an EVM-compatible Layer 2 rollup scaling solution that will integrate with Cosmos, an ecosystem of many Layer 1 blockchains.
While Cosmos generally lacks Layer 2 solutions, they are slowly emerging. Dymension’s Layer 2 rollup will be compatible with the Ethereum Virtual Machine (EVM), a computing environment used by Ethereum. The rollup aims to enable developers to write and deploy Ethereum applications, a task that is typically challenging due to differences in code between Cosmos and Ethereum.
Currently in the testing phase, Dymension’s rollup will be launched as a Layer 2 solution on Evmos, a blockchain within the Cosmos ecosystem, according to an announcement. The company cites close collaboration with the Evmos core team and a data availability protocol called Celestia.
“We’re excited to have worked closely with the Evmos team to achieve this milestone. With the world’s first IBC-enabled EVM rollup now deployed on the testnet, we’re one step closer to bringing scalable and interoperable blockchain solutions to the wider community,” Yishay Harel, Dymension Lab’s CEO and co-founder, said in the statement. IBC refers to the Inter-Blockchain Communication Protocol, which handles authentication and data transfer between two Cosmos blockchains.
Dymension’s EVM-compatible rollups
Adopting a modular approach, Dymension’s team plans to create multiple EVM-compatible rollups using a common software development kit, enabling them to operate on top of various Cosmos chains and communicate with those chains.
This is made possible by the IBC-enabled nature of Dymension’s rollups, allowing for native connections with the entire Cosmos ecosystem of IBC blockchains without the need for bridges.
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Source: https://www.theblock.co/post/228617/evm-rollup-dymension-evmos-cosmos?utm_source=rss&utm_medium=rss