Kava recently announced a successful Ethereum co-chain alpha launch that added support for EVM developers to the network.
Open source layer 1 blockchain launched with a bang in 2019 by winning the Binance Launchpad Project of the Year award for its potential to stimulate the blockchain industry.
More than 15 protocols will be implemented in the closed testnet
The successful Kava 9 update, which went live in January, laid the groundwork for the massive growth of the ecosystem in 2022, leveraging a number of key infrastructure changes, including newly added EVM support.
#KAVA 9 mainnet has been successfully launched!
— Red Kava (@kava_platform) January 19, 2022
The co-chain alpha release and additional EVM support allow developers to deploy their dapps from the Ethereum ecosystem on Kava.
Per the announcement, more than 15 protocols, including Beefy Finance, AutoFarm, and RenVM, will be implemented on the closed-chain co-chain testnet as part of the Kava Pioneer program.
The main goal of these projects is to test interoperability between Kava’s Ethereum and Cosmos co-chains before the launch of its mainnet.
“Ethereum is still where the vast majority of developers and protocols are, but Cosmos is growing rapidly and offers much more in terms of scalability and interoperability,” said Scott Stuart, CEO of Kava Labs.
The goal of the network is to add 100 protocols this year
The reach of the network ecosystem has remained limited thus far, with TVL primarily supported by Kava protocols.
However, Kava’s architecture allows the developers of Ethereum and Cosmos to build a chain to attract users and assets from both ecosystems.
Thanks to its co-chain design, Kava is poised to converge the developer strength of Ethereum with the speed and interoperability of Cosmos into a single scalable network.
The Ethereum Co-Chain Alpha is LIVE!
— Red Kava (@kava_platform) March 8, 2022
“Bringing the best of both ecosystems together in Kava makes sense for our goal of adding 100 protocols this year,” Stuart added, revealing ambitious plans for 2022 that aim to drive the Kava ecosystem forward.
Once the mainnet goes live, protocols starting on the network will be able to take advantage of Kava’s exclusive $750 million developer incentive program called Kava Rise.designed to make Kava the first “builder-owned” blockchain.
That said, thanks to the program’s distribution model, 62.5% of all block rewards will be distributed to developers building on Kava’s Ethereum and Cosmos co-chains.
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This post Kava adds EVM support to the network with Ethereum co-chain alpha launch
was published first on https://cryptoslate.com/kava-adds-evm-support-to-the-network-with-ethereum-co-chain-alpha-launch/