{"id":342335,"date":"2021-09-21T22:00:00","date_gmt":"2021-09-21T19:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sommelier-partners-with-mysten-labs-to-launch-cosmos-smart-contracts\/"},"modified":"2021-09-21T22:00:00","modified_gmt":"2021-09-21T19:00:00","slug":"sommelier-partners-with-mysten-labs-to-launch-cosmos-smart-contracts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sommelier-partners-with-mysten-labs-to-launch-cosmos-smart-contracts\/","title":{"rendered":"# Sommelier partners with Mysten Labs to launch Cosmos smart contracts"},"content":{"rendered":"<p>&#8220;<strong># Sommelier partners with Mysten Labs to launch Cosmos smart contracts  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvZTRjM2JjN2MtMTBmOS00NTU2LTk3ZGYtZmRlMmE4YzI4YzVmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Sommelier, a co-processing protocol to the Ethereum Virtual Machine, or EVM, has today announced a research and development partnership with Mysten Labs to increase liquidity transaction speeds and launch smart contract <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications on the Cosmos blockchain.<\/p>\n<p>Founded in 2020 by Zaki Manian, a core developer on the Cosmos protocol, 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.<\/p>\n<p>The blockchain, which combines the Tendermint consensus layer, Cosmos Stargate SDK, and dual-way Ethereum bridge, will work with Mysten to implement Move smart contract programming to provide the entire ecosystem of Cosmos developers, as well as those on its Ethereum Gravity Bridge, with smart contract capabilities. <\/p>\n<p>Mysten Labs is a Web 3.0 infrastructure platform founded this year by a team of cryptographical programme engineers responsible for the blockchain architecture of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>\u2019s crypto-payments platform Diem and its respective mobile wallet Novi.<\/p>\n<p>Mysten\u2019s experience in the field will reportedly support the scaling of the Sommelier blockchain to 100,000 transactions per second, or TPS.<\/p>\n<p><strong><em>Related:\u00a0Data shows parabolic-style growth in layer-two-based DeFi and DEX platforms<\/em><\/strong><\/p>\n<p>Sommelier co-founder Zaki Manian commented on the positive impact of the partnership:<\/p>\n<blockquote><p>\u201cWhat we are doing with this partnership is completing the work of unleashing Tendermint&#8217;s potential to be the fastest blockchain network in datacenter class environments.<\/p><\/blockquote>\n<p>We are excited to partner with the best expertise from Facebook&#8217;s former team of leading cryptography and distributed computing engineers who brought Diem and Novi to life.&#8221;<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sommelier-partners-with-mysten-labs-to-launch-cosmos-smart-contracts\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Sommelier partners with Mysten Labs to launch Cosmos smart contracts &#8221; Sommelier, a co-processing protocol to the Ethereum Virtual Machine, or EVM, has today announced a research and development partnership with Mysten Labs to increase liquidity transaction speeds and launch smart contract applications on the Cosmos blockchain. Founded in 2020 by Zaki Manian, a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":342336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvZTRjM2JjN2MtMTBmOS00NTU2LTk3ZGYtZmRlMmE4YzI4YzVmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74868,107545,93653,93542,20093],"class_list":["post-342335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-defi","tag-liquidity","tag-tendermint","tag-web3","tag-cosmos"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/342335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=342335"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/342335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/342336"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=342335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=342335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=342335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}