The Cosmos team announced its decision to suspend the plan to launch an EVM platform on the Cosmos Hub and will re-evaluate the related path. The team stated that building a VM is costly, has a significant impact on the existing user experience, and is inconsistent with the core advantages of Cosmos' multi-chain interconnected ecosystem. In the future, it will focus on providing services through IBC and strengthen the Hub's role in the L1 service market. [Wu Blockchain]
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