EOS EVM to allow interoperability across Ethereum, EOS

The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM mainnet, which aims to improve interoperability between two blockchain ecosystems, Ethereum and EOS.

EOS EVM emulates the Ethereum Virtual Machine (EVM) and allows the implementation of decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers.

Launching April 14 – The next generation of EVM is almost here.

At more than 800 exchanges per second, $EOS EVM is BY FAR the highest performing EVM, compared to 25 times faster than Avax and 3 times faster than Solana.

If you are a Solidity developer or interested in EVM, this thread is for you:
pic.twitter.com/McL4616nPa

— Yves La Rose (@BigBeardSamurai) April 10, 2023

The ENF team said that Ethereum's scalability issues create challenges for large-scale DApp deployment. The launch of EOS EVM aims to close this gap. The team plans to do this by combining the resources of the Ethereum community with the performance of the EOS Network offerings.

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

La Rose also said that this allows developers to have access to lower fees and faster transactions from the EOS network offerings.

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With the Ethereum network expecting more adoption after the most recent Shapella update, the projects prioritized the implementation of EVM support within their networks. On April 3, Astar Network launched smart contracts that supports two virtual machines, including EVM and WebAssembly Virtual Machine. Astar Network founder Sota Watanabe said this would allow the creation of new multi-chain applications within his network.

Meanwhile, Polygon's zkEVM beta version, a zero-knowledge cumulative scaling solution, was released on March 27. This technology mimics the Ethereum mainnet transaction execution environment. According to Polygon, this will allow DApps to scale with higher performance.

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