The EOS Network Foundation (ENF) has announced the launch of the EOS EVM Mainnet Beta, which aims to improve interoperability between the two blockchain ecosystems, Ethereum and EOS.
EOS EVM emulates the Ethereum Virtual Machine (EVM) and supports the deployment of decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers.
Posted April 14th: The next generation of EVMs is coming.
more than 800 exchanges per second, $EOS The EVM is the highest performing EVM to date, benchmarked to be 25x faster than Avax and 3x faster than Solana.
If you’re a Solidity developer or interested in the EVM, this thread is for you:
👇🧵 pic.twitter.com/McL4616nPa— Yves Larose (@BigBeardSamurai) April 10, 2023
The ENF team stated that the scalability problem of Ethereum has brought challenges to large-scale DApp deployment. The launch of the EOS EVM aims to bridge this gap. The team plans to achieve this by combining the resources of the Ethereum community with the performance of EOS network products.
According to Yves La Rose, founder and CEO of the EOS Network Foundation, this is a very important milestone for the network, paving the way for an interoperable future.
“The EOS EVM is an important milestone demonstrating our commitment to a multi-chain future.”
La Rose also said this enables developers to benefit from lower fees and faster transactions from the EOS network’s incentives.
As the Ethereum network anticipates greater adoption following the recent Shapella upgrade, the project has prioritized implementing EVM compatibility in its network. On April 3, Astar Network launched smart contracts that support two types of virtual machines, including EVM and WebAssembly virtual machines. Astar Network founder Sota Watanabe stated that this will allow the creation of new multi-chain applications in their network.
Meanwhile, the beta release of Polygon’s zero-knowledge rollup scaling solution, zkEVM, was launched on March 27. The technology mimics the transaction execution environment of the Ethereum mainnet. According to Polygon, this will allow DApps to scale with higher performance.
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As reported by Cointelegraph
