Sommelier, an Ethereum Virtual Machine (EVM) co-processing protocol, has announced a research and development partnership with Mysten Labs to launch smart contract applications on the Cosmos blockchain.
Sommelier is a test-net protocol designed to deliver enterprise-grade automated financial transactions such as limit orders, batched orders, and portfolio rebalancing to decentralized finance, or DeFi, traders and liquidity providers, or LPs. It was founded in 2020 by Zaki Manian, a core developer on the Cosmos protocol.
The blockchain, which combines the Tendermint consensus layer, Cosmos Stargate SDK, and dual-way Ethereum bridge, will collaborate with Mysten to implement Move smart contract programming, which will provide smart contract capabilities to the entire Cosmos ecosystem, as well as those on its Ethereum Gravity Bridge.
Mysten Labs is a Web 3.0 infrastructure platform that was formed this year by a group of cryptographic program developers who were responsible for the blockchain architecture of Facebook’s crypto-payments platform Diem and its mobile wallet Novi.
Mysten’s expertise in the subject is said to let the Sommelier blockchain scale to 100,000 transactions per second (TPS).
Zaki Manian, co-founder of Sommelier, commented on the partnership’s good impact:
“What we are doing with this partnership is completing the work of unleashing Tendermint’s potential to be the fastest blockchain network in datacenter class environments.
We’re ecstatic to work with the top talent from Facebook’s old team of encryption and distributed computing experts, who created Diem and Novi.”
