IOTA, a popular blockchain platform, has released Shimmer, a new public test chain, ahead of the launch of its native Ethereum Virtual Machine (EVM). The release of Shimmer is designed to provide developers with a way to test and experiment with the new EVM, which is expected to improve the efficiency and functionality of the IOTA platform.

The release of Shimmer is part of a broader trend towards increased adoption and usage of blockchain technology and other emerging technologies in the financial sector. As more businesses and individuals seek to participate in the market, there is growing demand for effective and efficient blockchain solutions that provide users with greater flexibility and control over their assets.

The release of Shimmer is a positive development for the IOTA ecosystem, as it highlights the potential for innovation and growth in the market. The new EVM is expected to improve the speed and efficiency of transactions on the platform, and could help to attract new developers and users to the IOTA ecosystem.

(By Shaurya Malwa)