multichain decentralized application (DApp) Astar Network will launch the second iteration of its smart contracts supporting both Ethereum Virtual Machine (EVM) and WebAssembly Virtual Machine (WASM VM) on its mainnet on April 6.
In an announcement sent to Cointelegraph, Astar Network founder Sota Watanabe explained that the new update would enable the creation of WASM or EVM projects within his network and would enable new multi-chain applications to start. According to Watanabe, the new update will allow people to connect their Astar project to any ecosystem based on Polkadot or EVM.
The countdown to Wasm Release Day has begun!
Join @WatanabeSota @henskensm and @Moles on April 6 to launch Astar's Wasm Revolution with Polkadot ink. smart contracts!
โก๏ธ Sign up here: https://t.co/tHGApJmyyW pic.twitter.com/R9w4YeUHTR
โ Astar, Future of Multi-Chain Smart Contracts (@AstarNetwork) March 27, 2023
Within the announcement, the Astar Network team argued that simultaneously having two virtual machines and allowing interactions between the two is a โkey success factorโ in an emerging Layer 1 blockchain. The team claimed that although the Ethereum network sparked the Web3 revolution through smart contracts, it cannot build the future of blockchain on its own.
To celebrate its release, the Astar team invited community members to tune in to a panel discussion led by their executives and various Polkadot developers to discuss how WASM can be used. In addition, the company will meet with its infrastructure partners who will build the foundation for the WASM environment.
Related: ConsenSys zkEVM set up for public testnet to offer secure deals on Ethereum
In other news, Ethereum's Layer 2 scaling solution, Polygon, recently released your zkEVM beta to your mainnet, allowing developers to implement smart contracts at lower costs. On March 27, Polygon founder Sandeep Nailwal described zero-knowledge (ZK) proofs as the โholy grail of Ethereum scaling.โ
Meanwhile, the Web3 Foundation, the team behind Polkadot, has once again argued that Polkadot (SPOT) token is not a value. On January 26, the signature reaffirmed that DOT has already transformed to be a security and said the US Securities and Exchange Commission has welcomed discussions with the firm.
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