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EOS EVM replicates the Ethereum Virtual Machine (EVM) and facilitates the deployment of decentralized applications (DApps) developed in Solidity, the programming language predominantly utilized by web3 developers.
The EOS Network Foundation (ENF) has declared the beta launch of the EOS EVM Mainnet, which seeks to enhance interoperability between the Ethereum and EOS blockchain ecosystems. This launch is anticipated to foster connectivity between these networks.
Launching April 14th: The next generation of EVMs is nearly here.
With over 800 swaps per second, $EOS EVM is FAR the most efficient EVM, benchmarked at 25 times quicker than Avax and three times faster than Solana.
If you’re a Solidity developer or have an interest in EVMs, this thread is for you:
pic.twitter.com/McL4616nPa— Yves La Rose (@BigBeardSamurai) April 10, 2023
The ENF team indicated that Ethereum’s scalability challenges pose obstacles for large-scale DApp deployment. The introduction of EOS EVM aims to address this issue. The team intends to achieve this by merging the resources of the Ethereum community with the performance capabilities of the EOS Network.
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Yves La Rose, the founder and CEO of the EOS Network Foundation, stated that this marks a significant milestone for the network and lays the groundwork for a future of interoperability. “EOS EVM is a crucial milestone and signifies our dedication to a multi-chain future,” La Rose elaborated.
La Rose further mentioned that this development provides developers with access to the lower fees and quicker transactions that the EOS network offers.
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As the Ethereum network anticipates increased adoption following the recent Shapella upgrade, projects have been focusing on integrating EVM compatibility within their infrastructures. On April 3, Astar Network introduced smart contracts that support two virtual machines, including EVM and the WebAssembly Virtual Machine. Astar Network founder Sota Watanabe noted that this will enable the development of new multichain applications within their ecosystem.
In the meantime, the beta version of Polygon’s zkEVM, a zero-knowledge rollup scaling solution, was launched on March 27. This technology replicates the transaction execution environment of the Ethereum mainnet. According to Polygon, this will enable DApps to scale with enhanced performance.
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