Cryptocurrency News: EOS Launches Ethereum Virtual Machine for Solidity Developers
EOS Network aims to accelerate its growth by taking advantage of the massive number of open source code libraries and tools already available in the Ethereum ecosystem.
Calgary, Alberta - April 14, 2023 (Newsfile Corp.) (Investorideas.com Newswire) The EOS Network Foundation (ENF), stewards and lead developers of the EOS Network, has announced the beta launch of the EOS EVM Mainnet, enabling interoperability between two of the world's most prominent blockchain ecosystems.
The EOS EVM is an emulation of the Ethereum Virtual Machine, deployed as a smart contract on the EOS blockchain. The EOS EVM runs decentralized applications written in Solidity, the native programming language of Ethereum. Solidity is used by the vast majority of web3 developers, and is supported by an extensive number of open-source code libraries, tools, resources, and tutorials.
With the launch of EOS EVM, it bridges the best of both worlds, combining the accessible resources of the Ethereum community with the powerful performance of the EOS Network. In this way, EOS EVM is designed to complement Ethereum and aims to accelerate mass adoption of the EOS Network.
The EOS EVM is a major accomplishment, with its development spanning more than 12 months and contributions from across the EOS ecosystem. A new generation of web3 innovation will form as Solidity developers can now take advantage of EOS's scalable network infrastructure and generous developer funding programs.
"Our goal is to create an interoperable future where the gaps between blockchains, developers and end users are bridged. EOS EVM does just that," said Yves La Rose, Founder and CEO of the EOS Network Foundation. "EOS EVM is a significant milestone and represents our commitment to a multi-chain future."
The launch of the EOS EVM mainnet beta coincides with a recent announcement of the EOS Network Ventures' public commitment to invest $20 million in GameFi and EOS EVM projects to further the growth and adoption of EOS. These investments will add significant resources to the ecosystem's already well funded grant programs.
About EOS Network Foundation
The EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. EOS is the native token of the EOS Network, which launched in 2018. The EOS Network provides a world-class, robust, smart contract functionality that enables developers to build the best-in-class decentralized applications (dApps) easily, facilitating the open web of the future and, in so doing, powering the Web3 economy. The ENF is the hub of the EOS Network, uniquely suited for NFT, GameFi, DeFi, and enterprise applications. The organization is committed to unlocking the full potential of the EOS blockchain to drive innovation, create new possibilities, and empower individuals and communities.
Zack Gall, EOS Network Foundation
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