Introduction
On March 23rd, the EOS Network Foundation announced in a social media release that the EOS EVM (Trust EVM) code is ready and will launch the final test network on March 27th as sch
On March 23rd, the EOS Network Foundation announced in a social media release that the EOS EVM (Trust EVM) code is ready and will launch the final test network on March 27th as scheduled, while the main network test will be launched on April 14th.
EOS EVM will launch its final test network on March 27th
On March 23rd, the EOS Network Foundation released information on the launch of the EOS EVM (Trust EVM) code final test network, scheduled for March 27th, with the main network test to be launched on April 14th. This move has garnered a lot of attention in the blockchain community, with many people eager to find out more about the significance of this development. This article will examine the impact of this move on the blockchain industry, and what this means for EOS holders and investors.
# What is the EOS EVM (Trust EVM) code?
The EOS EVM (Trust EVM) code is an upgrade to the current EOSIO software, which makes it compatible with the Ethereum Virtual Machine (EVM). This upgrade allows developers to build decentralized applications (DApps) on the EOS blockchain, using Ethereum-compatible smart contracts.
# Benefits of the EOS EVM (Trust EVM) code
The EOS EVM upgrade offers several benefits, which include:
1. Access to a wider pool of developers: The upgrade allows developers familiar with Ethereum to build DApps on the EOS network, thus broadening the pool of potential developers.
2. Reduced development time: As the upgrade allows for the reuse of code from Ethereum-based DApps, developers can create similar DApps more quickly.
3. Increased interoperability: With the EOS EVM upgrade, EOS and Ethereum networks can communicate with each other. This increases the number of DApps that can operate on both networks simultaneously.
# Impact of the EOS EVM (Trust EVM) code on the blockchain industry
The EOS EVM upgrade has the potential to revolutionize the blockchain industry. It allows developers to leverage the strengths of both EOS and Ethereum networks and create DApps that are more efficient, faster, and have fewer fees. The increased interoperability also means that there will be more synergy between blockchain networks, leading to better cross-chain functionality.
Moreover, the EOS EVM upgrade could attract more developers to EOS, ultimately leading to the development of more high-quality DApps. This could lead to increased adoption of EOS by businesses, governments, and individuals.
# What does this mean for EOS holders and investors?
For EOS holders and investors, the EOS EVM upgrade is fantastic news. It means that the EOS network will become more efficient, faster, and versatile, with more DApps available to use. With the wider pool of developers who can create DApps, there could be a surge in the number of quality applications that could increase demand for EOS. This could lead to an increase in EOS price, which is beneficial for investors.
Furthermore, the increased interoperability between EOS and Ethereum networks could make EOS a more attractive option for businesses, which could increase the utility of the EOS token.
# Conclusion
The EOS EVM (Trust EVM) upgrade is a significant development for the EOS network and blockchain industry as a whole. It offers several benefits and could lead to increased adoption of EOS by businesses, governments, and individuals. Ultimately, the upgrade could lead to an increase in demand for EOS, which would benefit holders and investors.
# FAQs
1. When will the EOS EVM (Trust EVM) be launched?
The final test network was launched on March 27th, with the main network test scheduled for April 14th.
2. How does the EOS EVM upgrade benefit developers?
It allows developers to create DApps using Ethereum-compatible smart contracts, which broadens the pool of potential developers and reduces development time.
3. What impact could the EOS EVM upgrade have on the price of EOS?
The increased development of high-quality DApps on the EOS network could increase demand for EOS, potentially leading to an increase in the EOS price.
# Keywords
EOS, EVM, upgrade
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/9772.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
What does the meaning of ‘double dig’ (double dig xmr) mean
What is the meaning of “double digging” in “sc”? “Double digging” refers to the fact that in the Scash network, users can choose two pools to conduct liquidity mining for sc. Both mining modes were developed by the SC team and implemented through algorithms; And a single SC miner needs to exchange their own currency for another SC token in order to gain profits What does “double digging” mean? Simply put, during the same time period, users’ coins will generate new tokens (such as stkSW) as the height of the block changes, thereby reducing circulation and rewards. (Note: sc is a variant of Bitcoin.) sc double mining means that users can participate in the process of mining newly issued tokens through a mining pool, and then sell them to others to obtain more rewards or profits. In this way, as long as you hold a certain amount of sc, you can participate in the excavated projects. When you want to…
-
The Rise of Web 3.0: Hong Kong’s Quest to Become a Global Center for Digital Innovation
On April 11th, Chen Delin, President of the Council of the Hong Kong Web3.0 Association, delivered a speech at the establishment ceremony of the association, stating that the commo
-
Bounce Finance Releases New Roadmap and Product Features
On April 10th, the decentralized auction platform Bounce Finance released its April roadmap and updated a series of product features, including optimized account systems, NFT fixed
-
IMF Predicts Bitcoin Usage to Skyrocket in El Salvador
According to reports, the International Monetary Fund (IMF) said that the use of Bitcoin in El Salvador was \”likely to increase\”.
IMF: The use of Bitco…
-
Bored Ape Yacht Club (BAYC) Prepares for Toad Mode Release
On March 8, Bored Ape Yacht Club (BAYC) said on Twitter: \”Dookey Dash: The final rating review of the toad mode is now complete. The metadata update will be re…
-
The Significance of “Soon”: Major Players in the Cryptocurrency Industry Release Mysterious Video
On April 3, it was reported that several mainstream encryption protocols released the same \”Soon\” short video, including the digital asset management platform Safe (formerly Gnosis
-
STEPN’s Airdrop Plan for Genesis Shoes Holders
On February 17, STEPN officially announced the plan of airdropping GMT to the holders of Genesis shoes on official Twitter, New Horizon Initiative. According t…
-
Ethereum NFT Users Pay Over $3.8 Billion in Fees and Royalties: An Overview
On April 16th, according to data from the encrypted data website Flipside, Ethereum NFT users have paid over $3.8 billion in royalties, platform fees, and transaction gas fees over
-
XRU Acquired by Southeast Asian Cryptocurrency Fund, Set to Become FitVerse Sports Fitness Metaverse
According to reports, the Singapore NFT sports platform XRU, established in April 2022, has been fully acquired by a Southeast Asian cryptocurrency fund, which has also participate
-
Binance Launches Perpetual Contract Based on USDC 1-30 Times U-Standard
According to the official news on March 13, Binance will launch the USDC 1-30 times U-standard perpetual contract at 1:00 on March 13, 2023 Beijing time. Binance will go online at 1: 00 today for USDC 1-30 times U standard perpetual contract trading Analysis based on this information:On March 13, 2023, Binance made an announcement that it would launch a new USDC 1-30 times U-standard perpetual contract. This move is the latest in the company’s ongoing efforts to expand and diversify its offerings in the world of crypto trading. For those who are unfamiliar with perpetual contracts, they are a type of futures contract that provides traders with the ability to buy or sell an underlying asset at a fixed price over an extended period of time. In other words, a perpetual contract never expires. The USDC 1-30 times U-standard is a unique type of perpetual contract. It is based on the USDC stablecoin, which is pegged to the US…