The EOS Network Foundation (ENF) has announced the beta launch of its EOS EVM mainnet, an important step toward interoperability for blockchain networks. EOS EVM is “an emulation of the Ethereum Virtual Machine”, implemented as a smart contract on the EOS blockchain.
By providing support for decentralized applications (dApps) written in Solidity, the predominant programming language of Ethereum, EOS EVM aims to combine the vast resources of the Ethereum community with the high-performance capabilities of the EOS Network.
Despite the numerous resources, tools, and tutorials available for Solidity and Ethereum, developers have faced issues related to scalability, as was explained by the team in the press announcement.
Notably, slow transaction speeds and high fees associated with Ethereum have hindered the deployment of large-scale dApps on the platform. The introduction of EOS EVM seeks to overcome these challenges and promote the mass adoption of the EOS Network while complementing Ethereum.
Developed over a period of 12 months with input from various stakeholders within the EOS ecosystem, the EOS EVM is designed to be the most efficient and compatible EVM available. It boasts one-second block intervals and can handle over 800 swaps per second at extremely low gas fees.
Significantly, the launch of EOS EVM is expected to usher in a new era of web3 innovation, as Solidity developers can now leverage EOS’s scalable network infrastructure and generous developer funding programs.
Yves La Rose, Founder and CEO of the EOS Network Foundation, emphasized the importance of interoperability in the blockchain space. He stated that the EOS EVM would significantly ease the process for Ethereum developers and end-users to benefit from the low fees, ultra-fast speeds, and reliability of the EOS Network.
