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The last testnet for the EOS EVM goes live

Written byMaxwell Mutuma
Edited by Niharika Deshpande
March 28, 2023
in Blockchain News
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The last testnet regarding the EOS EVM, has gone live. This will be followed by the launch of the mainnet, which is slated for April 14, 2023. This will be an absolute landmark where the EOS community is concerned. There is only the matter of an awaited security audit between the present moment in time and when the EOS EVM Mainnet Beta will be launched.

The EOS EVM happens to be a copy of the Ethereum EVM. It is positioned inside an EOS smart contract. It happens to be providing feature likeness to various EVMs. However, it is extremely speedy, with above-par functionalities and adaptability capabilities. This is entirely due to the framework of the design.

A very short while back, EOS Network Ventures carried out a formal announcement mentioning that it would be contributing an amount of $20 million regarding the EOS EVM and the GameFi-related projects. The whole aim and intention behind this contribution are for the speedy setting up and positioning of the EOS EVM as an absolute top-of-the-line entity, which will, in turn, be instrumental in roping in some of the very finest developers, as well as entire teams, to create within the ecosystem. This happens other than the fact that there are already various options for funding, with names like Pomelo, as well as the ENF Grant Framework.

It happened to be only the previous week when ENF came out with its official declaration that it had forged a collaboration with Multichain, which happens to be an absolute leader in cross-chain protocol globally. Multichain, on its own, will provide the opportunity for absolutely smooth cross-chain swaps, in the case of a multitude of tokens, widening the connectivity to the EOS EVM ecosystem. ENF, for its part, happens to be a hub for the EOS Network.

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Maxwell Mutuma

Maxwell Mutuma

Maxwell Mutuma is a crypto journalist at NameCoinNews, with over five years of experience in digital media and Web3 reporting. Since turning his focus to crypto in 2020, he has covered articles around blockchain infrastructure, DeFi protocols, exchange developments, and the broader decentralization movement. Maxwell's work is driven by a long-held conviction that decentralised technology represents a genuinely transformative force. He brings that perspective to his coverage of on-chain developments, regulatory shifts, and the global adoption of Bitcoin and digital assets.

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