Tether USDt comes to the Cosmos ecosystem! Tether has chosen to deploy USDt on KAVA chain, the gateway to the Cosmos ecosystem. USDt on KAVA is launching on July 3rd.

Kava is a Layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum.

Kava Network uses a developer-optimized co-chain architecture. The Ethereum Co-Chain enables support for EVM smart contracts while the Cosmos Co-Chain enables the lightning-fast Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC).

The two co-chains are connected by a translator module that enables them to interoperate seamlessly, bringing the two most used blockchain development environments together in a single, scalable network.

The Kava Network features a native governance and utility token, KAVA, that can be staked by validators or delegated to validator nodes. Stakers and delegators earn 37.5% of all KAVA emissions as a reward for securing the network. Kava stakers also have voting rights in network governance proposals.

Kava

Cosmos is an ecosystem of independent parallel chains and tools for creating interoperable blockchains.

In 2014, computer scientist Jae Kwon developed Tendermint, an open-source blockchain launching software. The Cosmos network was launched through the Interchain Foundation (ICF) support with the core of the Tendermint consensus algorithm.

Cosmos blockchain was developed to enable communication between distributed blockchains without relying on a centralized server. Its whitepaper was published in 2016, and the network was soon called the Internet of Blockchains by its founders. 

Cosmos network functions using BFT consensus algorithms along with Tendermint consensus, which powers each blockchain in the Cosmos. Tendermint BFT is a proof-of-stake (PoS) consensus algorithm that powers Cosmos SDK (software development kit) and Cosmos Hub. BFT (Byzantine fault tolerance) is a consensus algorithm of a distributed network that reaches consensus even when some of the network’s nodes fail to respond. 

KAVAKava

USDt on KAVA chain to be launched

Cosmos