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Sommelier is a collaborative processing protocol for the Ethereum Virtual Machine (EVM). Today, it announced the establishment of a R&D partnership with Mysten Labs to increase the speed of liquid transactions and launch smart contract applications on the Cosmos blockchain.
Sommelier was founded in 2020 by Zaki Manian, the core developer of the Cosmos protocol. It is a testnet protocol designed to provide limit orders, bulk orders and portfolio rebalancing for decentralized finance or DeFi, traders and traders, etc. Enterprise-level automated financial transactions. Liquidity provider or LP.
The blockchain combines the Tendermint consensus layer, the Cosmos Stargate SDK and the two-way Ethereum bridge, and will cooperate with Mysten to implement Move smart contract programming to provide the entire ecosystem of Cosmos developers and the ecosystem on the Ethereum gravity bridge. With smart contract function.
Mysten Labs is a Web 3.0 infrastructure platform, founded this year by a team of encryption program engineers, responsible for the blockchain architecture of Facebook’s encrypted payment platform Diem and its respective mobile wallet Novi.
According to reports, Mysten’s experience in this field will support the expansion of the Sommelier blockchain to 100,000 transactions per second or TPS.
Related: The data shows the parabolic growth of DeFi and DEX platforms based on the second layer
Zaki Manian, co-founder of Sommelier, commented on the positive impact of the partnership:
“What we are doing through this partnership is to complete the work of unlocking Tendermint’s potential to become the fastest blockchain network in a data center-level environment.
We are happy to work with the best expertise of Facebook’s leading team of cryptography and distributed computing engineers who brought Diem and Novi to life. “
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