EOS Network Foundation CEO claims the launch of the EOS EVM mainnet represents the company's "commitment to a multi-chain future."
The EOS Network Foundation (ENF), a technology firm specializing in the growth and development of the EOS Network, has launched a beta version of its EOS EVM mainnet.
Based on the ENF, once fully launched, the EOS EVM mainnet will improve the interoperability between Ethereum and EOS blockchain ecosystems while addressing Ethereum's scalability challenges.
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The EOS EVM is designed to emulate the Ethereum Virtual Machine (EVM), enabling the launch of decentralized applications (dApps) created using the programming language Solidity.
By integrating the strengths of the Ethereum community with the performance capabilities of the EOS Network, the ENF team aims to tackle the scalability issues that hinder the widespread deployment of dApps on the Ethereum platform.
When commenting on the launch, EOS Network Foundation founder and CEO Yves La Rose noted that EOS EVM allows developers to take advantage of the EOS network's lower fees and faster transactions. On top of that, the man added:
EOS EVM is a significant milestone and represents our commitment to a multi-chain future.
In recent days, following the launch of the Shanghai hard fork, numerous projects have prioritized incorporating EVM compatibility within their networks.
One of them is Astar Network, which rolled out smart contracts supporting both EVM and the WebAssembly Virtual Machine. On April 3rd, Sota Watanabe, Astar Network founder, noted that the launch of new smart contracts would allow the development of new multichain applications.
In a related development, on March 27th, Polygon introduced the beta version of its zkEVM, a zero-knowledge scaling solution. This innovative technology simulates the Ethereum mainnet transaction environment, allowing dApps to achieve higher performance and scalability.
The Ethereum Shanghai upgrade has been successfully launched on April 12th, following a boom in Ether (ETH) prices. In the last 24 hours, the ETH price increased by almost 10%.
