The EOS Network Foundation launched an Ethereum virtual machine (EVM) emulator on the main network to implement interoperability between blockchains.
The moment you’ve been waiting for: $EOS EVM is officially live!
EOS EVM is by far the industry’s most performant, 25x faster than AVAX and 3x faster than Solana or Polygon.
And with $35M+ available for #EOS EVM projects, why wouldn’t you build on the industry-leading EVM? https://t.co/r01jPd3dia
— Yves La Rose (@BigBeardSamurai) April 14, 2023
Implemented as a smart contract, the EOS EVM solution allows you to deploy decentralized applications for Ethereum and other compatible ecosystems on the network.
Creators of dapps in the EOS environment got the opportunity to use one of the most common programming languages in the Web3 industry, Solidity. On the other hand, Ethereum developers have access to a network with higher bandwidth and lower transactions.
According to EOS Network Foundation CEO Yves Lo Rose, EOS EVM is 25 times faster than Avalanche and three times faster than Solana or Polygon.
The organization previously announced $20 million in grants to support application projects and gaming products based on the EOS EVM.
Source: bitcoinlinux.com
