EOS EVM Launched: Marching Forward towards a Trustworthy Innovation
On March 23rd, the EOS Network Foundation announced in a social media release that the EOS EVM (Trust EVM) code is ready and will launch the final test network on March 27th as sch
On March 23rd, the EOS Network Foundation announced in a social media release that the EOS EVM (Trust EVM) code is ready and will launch the final test network on March 27th as scheduled, while the main network test will be launched on April 14th.
EOS EVM will launch its final test network on March 27th
Are you a blockchain enthusiast? Then you might be aware of the latest development in the world of blockchain technology. On March 23rd, the EOS Network Foundation announced in a social media release that the EOS EVM (Trust EVM) code is ready and will launch the final test network on March 27th as scheduled, while the main network test will be launched on April 14th. This development holds significant potential for the EOS ecosystem, as it enables the network to execute smart contracts beyond the conventional programming languages.
Understanding the EOS EVM
The EOS EVM, also known as Trust EVM, is a mechanism that allows Ethereum based smart contracts to run on the EOS blockchain network. It essentially provides a platform for developers to deploy Ethereum smart contracts on the EOS network. This significant innovation allows developers to leverage the EOS ecosystem without requiring any changes in the contract codes. Developers will now be able to migrate from the Ethereum blockchain to the EOS platform with ease, promising faster transactions and lower latency.
The Significance of the Launch
The launch date of the EOS EVM is right on schedule, which is good news for the EOS community worldwide. The launch marks a significant step towards achieving interoperability among the major blockchain solutions, which is expected to be the future of blockchain technology. With EOS EVM, the EOS blockchain is now poised to benefit from Ethereum developers’ large user base, talent pool, and robust infrastructure.
Benefits of EOS EVM
The launch of the EOS EVM promises some benefits for the EOS ecosystem. Firstly, it enables developers to write smart contracts in widely used programming languages like Solidity. The EOS EVM code will also be able to directly import Trust EVM-compatible Ethereum bytecode, making it easier to deploy Ethereum smart contracts.
Secondly, it solves the issue of ‘lock-in’ that Ethereum smart contract developers face due to programming language barriers. For instance, EOS smart contracts were written in C++ and had the added complexity of an entirely new set of syntax and computational models. However, with EOS EVM, the community of developers can now leverage the use of Solidity code without requiring any changes.
Thirdly, the launch of the EOS EVM is expected to increase the number of dApps on the EOS blockchain. The ease of migration from the Ethereum blockchain to the EOS platform will attract a more diverse group of developers and, in turn, increase the network’s adoption.
The Future of EOS
The launch of the EOS EVM holds significant potential for the future development of the EOS network, and the blockchain industry as a whole. The interoperability of blockchains is crucial for the blockchain ecosystem, considering blockchain’s limited adoption rate. The EOS network aims to provide developers with a user-friendly platform where they can build an entire decentralized ecosystem capable of sustaining emerging tech trends.
As the blockchain industry moves towards inter-blockchain communication, the EOS EVM has significant potential to drive the industry towards a future of a multi-chain universe.
Conclusion
The launch of the EOS EVM opens a new era for developers who want to deploy Ethereum smart contracts in the EOS ecosystem. It marks a step towards more interoperability across blockchains and promises to broaden the global community’s access to the EOS ecosystem. EOS is marching forward with innovation and promises to deliver with numerous benefits as a robust blockchain technology. The EOS EVM launch is a positive step towards achieving the fundamental goal of blockchain technology, to create a trustless, decentralized, open-source, and transparent world.
FAQs
Q. What is EOS EVM?
A. EOS EVM is a mechanism that allows Ethereum based smart contracts to run on the EOS blockchain network.
Q. What are the benefits of EOS EVM?
A. EOS EVM promises several benefits, including enabling developers to write smart contracts in widely used programming languages, the ease of migration from Ethereum blockchain to EOS platform, and solving the language ‘lock-in’ problem.
Q. Why is EOS EVM significant for the blockchain industry?
A. EOS EVM is significant as it provides interoperability between various blockchain solutions, which is considered the future of the blockchain industry. It will increase the number of dApps on the EOS blockchain, attracting a more diverse group of developers, and increasing the network’s adoption.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9744/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Circle joins the LOT Network to protect it from patent litigation
According to reports, stable currency issuer Circle has joined the LOT Network, a non-profit organization that aims to prevent patent hooligans, to protect it from patent lawsuits.
-
Lisk’s Accelerator Program: An Opportunity for Blockchain Startups
According to reports, the Web3 platform Lisk has launched an accelerator program aimed at providing up to 250000 Swiss francs (270000 US dollars) in grants to developers who wish t
-
Binance added ERNs and STPTs for full position leverage, and added OGs for each position leverage
On April 11th, it was announced that Binance\’s full position leverage added ERNs and STPTs, while the position by position leverage added OGs.
Binance added ERNs and STPTs for full -
An anonymous user gave a free “base. eth” domain name to Base
On April 6th, according to the official Twitter account of Base, an anonymous user presented the \”base. eth\” domain name to the project.
An anonymous user gave a free \”base. eth\” d -
Improving Transparency and Reducing Greenwashing in the Blockchain Industry
On April 29th, it was reported that Irish researcher Aisling Connolly is leading a new project aimed at improving the transparency of carbon use in the blockchain industry and redu
-
Someone sold 87 CryptoPunks on the Blur platform at a one-time price of 5261 ETH
According to reports, according to a social media message forwarded by \”Maji Big Brother\” Huang Licheng, someone sold 87 CryptoPunks on the Blur platform at a one-time price of 526
-
**7:00-12:00: Making Sense of Do Kwon’s zkSync Shanghai Upgrade and OpenAI**
7:00-12:00 Keyword: Do Kwon, zkSync, Shanghai Upgrade, OpenAI
Summary of important developments at noon on March 31
There\’s been a lot of buzz in the crypto world about Do Kwon\’s z -
Blockchain Data Analysis Platform Nansen Adds Support for zkSync Era Network
According to reports, the blockchain data analysis platform Nansen has added support for the zkSync Era network and will add protocols such as SyncSwap, Mute, and SpaceFi on zkSync
-
Matrixport Launches STBT: A Short-Term US Bond Token for Stable Currency Holders.
On March 9, Wu Jihan\’s digital asset financial service platform Matrixport issued a short-term US bond token STBT, which aims to provide US bond income for sta…
-
Kanpai Pandas Launches Dynamic Rarity System: Everything You Need to Know
According to reports, the NFT project Kanpai Pandas has announced the launch of the Dynamic Rarity System on social media. Users can use \”Panda Points\” to purchase new features to
-
Waves Chain Snapshot for Power Token Airdrop
It is reported that Sasha Ivanov, the founder of Waves, tweeted that a snapshot of Waves (and all locked Waves) on the Waves chain will be taken next Friday, M…
-
What Does Payment Token Mean (The Role of Payment Tokens)
Payment token refers to the functionality of a virtual commodity or service tha
-
South Dakota’s Attempt to Redefine Currency: Bitcoin Not Considered
On March 2, South Dakota, the United States, is taking action to try to redefine the composition of currency, and involves the classification of cryptocurrency…
-
What does Bitcoin metaphorically mean (Bitcoin is infinitely divisible)
What does Bitcoin metaphorically mean? What does Bitcoin metaphorically mean? Bitcoin is a new form of currency used to represent a digital asset. In the real world, Bitcoin is a combination of a variety of financial products such as value storage means, payment tools, exchange media and Electronic cash systems, which are traded or transferred through blockchain technology. But as more and more users use encryption technology and institutions accept this new form of asset class, people are becoming more interested in this new economic field and hoping to gain more wealth through it If Bitcoin is used as gold or an alternative “Hard currency” like oil, then a more liquid hedge investment market is needed, which will greatly reduce the large number of dollars in circulation in the market, thus driving its price further up, and making it one of the safest investment products in the world Bitcoin is infinitely divisibleAccording to Bitcoin, Bitcoin is a new form of…
-
Radiant Capital’s V2 Version Sets New Historical Highs in Daily Fee Revenues
On April 25th, Dune data showed that the daily fee revenue of the V2 version of the multi chain lending agreement Radiant Capital was about 96000 US dollars, setting a new historic
-
What does the mining pool accept (mining pool fpps)?
What does it mean for a mining pool to accept something? What does it mean for