EOS EVM Launches on Jungle Testnet with Full Ethereum and RPC Compatibility

Author

EOS Network Foundation

Date

Apr 14, 2022

EOS EVM Launch Event and AMA Planned for Tuesday, April 19

One of the most requested features by the EOS community over recent years has been to make it EVM compatible as a way to attract and onboard new developers, dApps, and end users to EOS by enabling all of the existing Solidity based contracts, tooling, SDKs, and code libraries to be interoperable with EOS.

The EOS Network Foundation (ENF) in partnership with the EVM+ working group are excited to announce that the EOS EVM is now live on the Jungle Testnet! To celebrate this monumental milestone, the ENF will be hosting an EOS EVM Launch Event + AMA on Twitter Spaces on April 19 at 13:00 UTC featuring keynotes from the ENF and core EVM+ contributors.

Keynote Speakers

Yves La Rose — Executive Director, ENF
Matias Romeo — EVM+ Technical Lead, EOS Argentina
Dr. Who — EVM+ Product Team, Trust EVM

During the EOS EVM launch event, ENF and the EVM+ working group will provide community members and developers with detailed information regarding the future development of EOS, as well as details about the EVM and its technological advantages of compared to competitors, plans for attracting DeFi and GameFi, ecosystem development timeline, product range, network architecture, technical features, performance statistics, and much more. Additional details of the EOS EVM testnet will also be announced as well as the incentive structure for EOS ecosystem developers. The event will also close out with an AMA that will allow the EOS and wider blockchain community to ask questions about the most performant EVM on the market and its plans for the rest of 2022 and beyond.

The EVM+ initiative is part of the ENF’s 9 core working groups, which have been focused on a different component or fundamental development direction for EOS that includes API+, Core+, Wallet+, Audit+, Market+, Yield+, Recover+, and EOSIO+. Within these working groups, members are responsible for providing technical and market research, developing and maintaining data interfaces, EOS software integrations, providing security analysis tools and contract auditing frameworks, establishing crisis management framework, and other important business developments. Moving forward, this working group framework will continue to be the primary method of promoting DeFi, GameFi, and other key developments for EOS, as well as business and service support in the implementation of the EOS roadmap. The launch of the EOS EVM is due to the efforts of the EVM+ working group in achieving EVM compatibility at the smart contract level on EOS.

Since the invention of blockchain technology, its theoretical application across multiple industries and businesses has expanded exponentially. Despite this, however, interoperability between different blockchains, the process of connecting and switching between different application layers, and trust between on-chain and off-chain data interactions remain fundamental challenges to future usability. These challenges greatly restrict the application scope of the technology and continue to prove a hindrance to mass adoption.

As a high-performance public chain, EOS utilizes a delegated proof of stake (DPoS) consensus mechanism to resolve issues of network delay and data throughput bottlenecks. EOS currently possesses the world’s most efficient transaction processing technology, capable of 10,000+ TPS with high concurrency and secondary confirmation. This means EOS can support larger numbers of users and a wider variety of applications than other leading blockchains such as Ethereum. Until now, however, EOS has been limited due to EVM incompatibility which has greatly hindered ecosystem expansion and development.

The goal of the EVM+ working group is to make EOS a fully compatible EVM platform for users and developers. By helping developers working on other public chains to deploy, migrate, or clone projects to EOS through a simple and painless process, the value of the entire EOS ecosystem is being greatly enhanced for the long-term.

The EOS EVM features full RPC compatibility and deterministic gas usage and billing that allows for transactions to be made at a fraction of the cost compared to Ethereum and its most popular layer 2 solutions such as Optimistic Rollups and Arbitrum as well as other EVM chains like Matic or Binance Smart Chain. The EOS EVM will be the most performant Ethereum Virtual Machine on the market with unmatched scalability and throughput built on top of the solid foundations of the EOS protocol. For EOS, achieving EVM compatibility will play a vital role in future development, helping unlock the potential of the entire ecosystem. The EOS EVM will open the door for attracting next-gen DeFi and GameFi to build on EOS by enabling EVM-based applications that just aren’t possible to execute on other EVM platforms due to transaction costs and/or scalability.

The release of the EOS EVM platform is a key milestone for the ENF to showcase its capabilities since becoming stewards of the EOS Network. It is also the first step in a number of planned upgrades to revitalize the EOS ecosystem. Moving forward, the EOS Network Foundation will be overseeing many more updates with lots of exciting things to come!

Join us on April 19 at 13:00 UTC for the EOS EVM Launch Event + AMA!

EOS Network

The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal web3 user and developer experiences. EOS is the flagship blockchain and financial center of the EOSIO protocol, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).

EOS Network Foundation

The EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.