Blockchain
After a long wait, the Ethereum Virtual Machine (EVM) has been integrated into the mainnet of Zilliqa, a powerful blockchain platform. For Zilliqa and its ecosystem, this integration represents a major step forward as it improves scalability, interoperability, and developer adoption.
Simply put, the EVM is a runtime environment for the Ethereum blockchain that enables the execution of smart contracts. It has powered a robust ecosystem of dApps, tokens, DeFi protocols and NFTs on Ethereum and has been instrumental in the development and widespread adoption of the platform.
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While several Layer-2 blockchains have implemented EVM compatibility, Zilliqa has taken this a step further by integrating EVM directly into their ecosystem. This approach allows tokens to be transferred between applications without any problems, including address space incompatibilities.
Zilliqa can leverage the robust ecosystem of the Ethereum network, including its tools, developer community, and infrastructure, by leveraging the Ethereum Virtual Machine (EVM). Zilliqa and the Ethereum network are integrated thanks to the “Ethereum Bridge”, which provides a secure channel for data exchange between the two platforms. Using this bridge, developers can easily move their Ethereum-based smart contracts to the Zilliqa mainnet without making any changes or rewriting them. Thanks to this interoperability, Scilla’s smart contract language and Zilliqa’s sharding capabilities, among others, are now more accessible to developers.
What are the advantages?
Bringing the EVM to Zilliqa’s mainnet has a number of benefits. Zilliqa’s sharding capabilities and EVM’s transaction processing skills work together to increase scalability. Increased transaction throughput is a boon to developers without sacrificing Ethereum’s decentralization or security. The strength of Zilliqa is that it lowers transaction costs, so developers can take advantage of faster, cheaper transactions without having to rewrite their Ethereum contracts.
Third, Zilliqa’s features, including the design-secured Scilla smart contract language and sharding for improved network performance, will be available to developers. Last but not least, the connection improves the interoperability of Zilliqa and Ethereum by facilitating the movement of assets and data without any friction.
Integrating the EVM is a deliberate move by Zilliqa to help Ethereum developers learn more about and create for the platform. Developers looking for solutions to Ethereum’s scaling issues may find Zilliqa attractive as it provides a familiar programming environment and lowers barriers to entry. To encourage creativity within the Zilliqa ecosystem, the platform has also introduced programs and initiatives including awards, hackathons, and training tools to help developers make the transition from Ethereum.
Both Zilliqa and Ethereum will greatly benefit from the introduction of the EVM on their respective mainnets. It leverages Ethereum’s large development community and infrastructure while maintaining Zilliqa’s scalability and cheap transaction fees, resulting in a mutually beneficial partnership that benefits the entire blockchain industry.
Zilliqa’s ability to entice Ethereum programmers bodes well for the future of the platform, which should be full of groundbreaking dApps, DeFi protocols, and NFT efforts. The industry as a whole benefits from this increased innovation and mainstream blockchain adoption as separate blockchain ecosystems are combined.
