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EOS Ethereum Virtual Machine Testnet Goes Live Ahead of April Mainnet Deployment

A testnet for the EOS Ethereum Virtual Machine (EVM) feature has gone live ahead of an April rollout. The EVM is housed within an EOS smart contract and aims to offer high-speed transactions at low fees for users and developers, with the ultimate goal of bolstering decentralized finance (DeFi) development on the EOS network. EVMs provide the environment in which Ethereum accounts and smart contracts live, enabling developers to create decentralized applications and DeFi applications. The move is seen as part of EOS' plan to attract more Solidity developers and users to its platform. EOS' native tokens remained unchanged in the past 24 hours.

(By Shaurya Malwa)

EOS EOS $0.80
+0.14%
EVM
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