This new development, according to EOS Network Foundation CEO Yves La Rose, demonstrates the company’s commitment to creating a multi-chain future.
The EOS Network Foundation (ENF) has announced the beta release of the EOS EVM mainnet in order to improve interoperability between the Ethereum and EOS blockchain ecosystems.
EOS EVM is a virtual machine that emulates the Ethereum Virtual Machine (EVM) and enables the deployment of decentralized applications (DApps) written in Solidity, the programming language utilized by the vast majority of web3 developers.
According to the ENF team, Ethereum’s scalability issues make mass-scale DApp deployment difficult. The introduction of EOS EVM aims to close this gap. The team intends to achieve this by combining the Ethereum community’s resources with the EOS Network’s performance.
According to the ENF team, Ethereum’s scalability issues make large-scale DApp deployment difficult. The launch of EOS EVM aims to close this gap. The team intends to accomplish this by combining the Ethereum community’s resources with the EOS Network’s performance.
As the Ethereum network anticipates increased adoption following the most recent Shapella upgrade, projects have prioritized EVM compatibility within their networks.
Astar Network launched smart contracts on April 3 that supported two virtual machines: EVM and the WebAssembly Virtual Machine. Sota Watanabe, the founder of Astar Network, stated that this would enable the development of new multichain applications within their network.
Meanwhile, on March 27, Polygon’s zkEVM, a zero-knowledge rollup scaling solution, released a beta version. This technology simulates the Ethereum mainnet’s transaction execution environment. According to Polygon, this will allow DApps to scale more efficiently.