- Canto’s significant strategic pivot in its development trajectory.
- Initially, Canto had announced plans to transition to an Ethereum layer-2 network powered by Polygon’s CDK.
In a strategic shift, the Cosmos-based layer-1 blockchain, Canto, has unveiled its ambitious “Cyclone Stack” roadmap, aimed at enhancing scalability and performance. Contrary to its earlier plans of migrating to an Ethereum layer-2 network utilizing Polygon’s Chain Development Kit (CDK), Canto has opted to maintain its status as a Cosmos-based layer-1 network.
This decision marks a significant pivot for the blockchain, emphasizing its commitment to the Cosmos ecosystem while introducing substantial upgrades to elevate its capabilities.
Canto’s journey took a notable turn in September when it initially announced its intentions to transition to an Ethereum layer-2 network, leveraging Polygon’s CDK. However, recent developments reveal a change in course, with Canto reaffirming its allegiance to the Cosmos ecosystem.
Through close collaboration with the Polygon team, Canto has decided to integrate Polygon’s type-1 prover, thereby retaining its position as a layer-1 blockchain. This decision, reached through consensus among major contributors, underscores Canto’s dedication to maximizing its potential within the Cosmos network.
The unveiling of Canto’s Cyclone Stack brings renewed vigor to the project, promising a series of transformative upgrades aimed at enhancing performance and scalability. Comprising three key upgrades – the Callisto Upgrade, the Kallichore Upgrade, and the Elara Upgrade – the Cyclone Stack sets the stage for accelerated block times, improved storage access speeds, and elevated execution standards.
Furthermore, Canto emphasizes the compatibility of its Cyclone stack with all Ethereum Virtual Machine (EVM) tooling and applications, ensuring seamless integration with existing Ethereum-compatible chains.
According to Canto’s press release, these upgrades represent a significant stride towards achieving high performance and scalability, benefiting both developers and users. By prioritizing innovation and scalability, Canto seeks to redefine the landscape of decentralized finance (DeFi) applications, positioning itself as a frontrunner in the blockchain realm.
The reversal of Canto’s Ethereum layer-2 migration plan underscores the dynamic nature of blockchain development, highlighting the importance of adaptability and collaboration within the ecosystem. As Canto embarks on this new chapter with its Cyclone Stack, it signals a renewed commitment to driving innovation and scalability while remaining rooted in the Cosmos network.
Revolutionizing DeFi: Exploring the Features and Tokenomics of Canto Blockchain
Canto stands as a groundbreaking Ethereum Virtual Machine (EVM) compatible layer-one blockchain, offering a permissionless environment for diverse applications. With a primary focus on decentralized finance (DeFi), Canto is dedicated to constructing an inclusive, transparent, and decentralized financial infrastructure.
As a fork of Evmos, another highly scalable blockchain operating on a proof-of-stake (PoS) consensus mechanism, Canto leverages the Cosmos software development kit (SDK) atop the Tendermint Core Byzantine Fault Tolerance (BFT) consensus methodology. This unique framework empowers developers to swiftly create new blockchains in a plug-and-play manner, thanks to Tendermint Core BFT.
Furthermore, Canto benefits from Cosmos’ inter-blockchain communication (IBC), facilitating horizontal scalability across various blockchains within the Cosmos ecosystem. This interoperability enables seamless interaction and data transfer between Canto and other compatible blockchains, enhancing its overall functionality and accessibility for developers and users alike.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
