Calgary, Alberta--(Newsfile Corp. - April 22, 2022) - The EOS Network Foundation (ENF), a community-led entity that took the reins of the EOS project from Block.One, has completed the work required to bring the Ethereum Virtual Machine into the EOS network, allowing developers to use familiar blockchain tools and code on the high performance blockchain.
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The Trust EVM, which was announced during a recent launch event on Twitter Spaces, is the name of the new virtual machine that runs as a smart contract on the EOS protocol. This allows it to be significantly faster than the other EVMs with 0.5 second block times and 10,000+ TPS. In addition, the EVM runtime maintains full compatibility with the rest of the EOS dApp ecosystem, allowing tokens to be trustlessly moved between the environments.
The extremely fast block times and low latency enabled by EOS can completely revolutionize the EVM dApp ecosystem. GameFi apps based on micro-transactions built using Solidity can finally thrive on EOS, as its extremely high throughput enables micro-cent gas fees. DeFi apps can also benefit tremendously from the ultra low latency, enabling high frequency trading cases for regular EVM smart contracts.
The EOS network has proven its ability to process over 120 million daily transactions during periods of high usage, the equivalent of almost 4000 TPS of...
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