Why did we decide on a bridge to Ethereum?
As we build payment rails for trusted data (more on that below), we want to offer issuers, verifiers (the receivers of trusted data), and holders a choice on the means of settlement. We expect a preference for stablecoins to eliminate the volatility in either pricing or settling payments for trusted data.
More on this in our tokenomics for payment models.โ€‹
Whilst the Cosmos ecosystem has these, they arenโ€™t as widely adopted yet as either USDC or USDT, both of which are within the Ethereum ecosystem. Furthermore, as we want to work with fiat on and off-ramps to remove the need for end customers to worry about crypto, there are currently more of these available in the Ethereum ecosystem, although weโ€™re sure the Cosmos ecosystem will catch up with new companies joining the likes of Kado.
A nice byproduct of this is providing easier access to CHEQ, whether youโ€™re building upon the network, seeking to secure the network through staking or liquidity mining.
Ethereum was the first ecosystem we bridged to but it certainly wonโ€™t be the last.
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