📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

IOTA closer to ETH compatibility as Shimmer nears key milestone

Published 2023-09-07, 08:29 a/m
© Reuters IOTA closer to ETH compatibility as Shimmer nears key milestone

U.Today - , the network built to advance major innovations, is nearing a key milestone, bringing IOTA one step closer to Ethereum compatibility. According to an X post, the Shimmer EVM launch could be imminent.

Shimmer provides an update on its EVM development, stating that its smart contracts team is hard at work testing and fixing bugs that are critical for a successful launch.

The Shimmer EVM team reflects on how things have gone up to this point, stating that before the summer, ecosystem projects were asked to test their dApps on the Shimmer EVM testnet.

Though it took longer than intended, most issues have now been fixed, and most projects are pleased with the current status.

Various tests (individually and under congested conditions) were successful. Tests in congested circumstances offered valuable insights into app behavior, which the team says boosted confidence in the EVM launch. That said, adjustments and testing for a closed Shimmer EVM are being finalized.

According to a , the team stated that it was conducting final tweaks and tests while planning to initiate a closed launch of Shimmer EVM shortly.

This will allow the infrastructure, explorer and indexing services to be set up and the launching projects to begin their deployments and final tests.

The public launch is to be expected once everything is ready, and it might follow a few weeks later.

The Shimmer EVM launch remains a highly anticipated event for the IOTA community. Already, the Shimmer EVM testnet has topped 1.4 million transactions, suggesting demand for the innovation.

Currently, the boasts 1,415,518 total transactions; 653,417 total blocks; 29,462 wallet addresses and an average block time of 727 milliseconds.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.