- The network will implement the Ethereum Virtual Machine (EVM)
- The beta version will be released on April 14
If you have been in the crypto industry for quite some time, you have probably heard of EOS. During the 2017-2018 bull market, this blockchain was considered a project that could “beat” Ethereum and become the largest smart contract platform. The project eventually died down. Now they are making a new attempt to return to the market and are preparing a major update.
The network will launch a new solution based on the Ethereum Virtual Machine (EVM). For now, it will be in beta.
EVM is a software layer designed to run on top of the Ethereum blockchain. This is the environment in which smart contracts are executed and DeFi applications run.
The integration of the EVM in combination with the speed of the EOS network creates a unique combination, says EOS Network Foundation CEO Yves La Rose:
“With over 800 swaps per second, the EOS EVM will be the fastest EVM. Three times faster than Solana and BNB and 25 times faster than Avalanche.”
There are several decentralized applications currently running on the EOS network. La Rose believes that there are huge opportunities for developers who want to make a name for themselves in this industry. After all, they will become a kind of pioneers.
The company is even preparing grants for these programmers.
Meanwhile, new details have emerged about another interesting project – Tornado Cash 2.0.