EOS EVM Officially Launched To Increase Interoperability On Ethereum

Key Points:

• EOS EVM has officially launched the Ethereum Virtual Machine emulation beta.
• The Beta version aims to improve interoperability between two blockchain ecosystems, Ethereum and EOS.
• According to its CEO, Yves La Rose, this new development demonstrates its commitment to building a multi-chain future.

After more than a year of development, the EOS Network Foundation is releasing a beta version of the EOS EVM emulation of the Ethereum Virtual Machine on its mainnet. It will be made available as a smart contract today.

The beta came out after the testnet rollout late last month. It aims to improve interoperability between two blockchain ecosystems, Ethereum and EOS.

The difficulty of scaling Ethereum, which poses problems for extensive DApp installations, gave rise to the concept. The introduction of the EOS EVM is intended to close this gap, and the team intends to do this by fusing the performance of the EOS Network with the resources of the Ethereum community.

Most web3 developers utilize Solidity as their primary programming language, and the EOS EVM mimics the Ethereum Virtual Machine (EVM) to allow the deployment of decentralized apps (DApps) written in that language.

Yves La Rose, founder, and CEO of the EOS Network Foundation says that this is a significant milestone for the network and paves the way for an interoperable future. “EOS EVM is an important milestone and demonstrates our commitment to a multi-chain future,” La Rose explained.

The EOS EVM Virtual Machine aims to be the most compatible and efficient EVM in the industry – one-second block time predictions, low fees, and over 800 swaps per second.

“With EOS EVM, it is now significantly easier for Ethereum developers and end users to take advantage of the low fees, ultimate-fast speeds, and reliability of the EOS Network. EOS EVM is a significant milestone and represents our commitment to a multi-chain future,”

Projects have prioritized integrating EVM compatibility onto their networks since the Ethereum network anticipates increased usage with the most recent Shapella update. Astar Network introduced smart contracts on April 3 that support EVM and WebAssembly Virtual Machine, two virtual machines. Sota Watanabe, the founder of Astar Network, claims that this will allow new multi-chain apps to be developed for their network.

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