Back to the list

Zilliqa Revolutionizes Blockchain Ecosystem with Integration of Ethereum Virtual Machine (EVM)

source-logo  blockchainreporter.net 19 May 2023 12:24, UTC

After much anticipation, the Ethereum Virtual Machine (EVM) has been integrated into the mainnet of Zilliqa, a high-performance blockchain platform. For Zilliqa and its ecosystem, this integration marks a major step forward since it improves scalability, interoperability, and developer acceptance.

To put it simply, the EVM is a runtime environment for the Ethereum blockchain that allows for the execution of smart contracts. It has powered a robust ecosystem of dApps, tokens, DeFi protocols, and NFTs on Ethereum, and has been important in the platform’s development and widespread acceptance.

📚 Interested in learning more about the expanding ecosystem of @zilliqa through #EVM?

Check out our latest article to gain valuable insights on $ZIL and stay up-to-date! ⬇️

Read now: https://t.co/HYagcRCtaU pic.twitter.com/UOvSWnBztq

— Stakin (@StakinOfficial) May 19, 2023

While several layer-2 blockchains have implemented EVM compatibility, Zilliqa has taken this a step further by integrating EVM directly into their ecosystem. Tokens may be transferred across applications without any hitches, including address space incompatibilities, thanks to this approach.

Zilliqa can make use of the Ethereum network’s robust ecosystem, including its tools, developer community, and infrastructure, by using the Ethereum Virtual Machine (EVM). Zilliqa and the Ethereum network are integrated thanks to the “Ethereum Bridge,” which provides a safe channel for data to flow between the two platforms. Using this bridge, developers may easily move their Ethereum-based smart contracts to the Zilliqa mainnet without making any changes or rewriting them. The Scilla smart contract language and Zilliqa’s sharding capabilities, among other advantages, are now more accessible to developers thanks to this interoperability.

What are the benefits?

There are a number of benefits to bringing the EVM to Zilliqa’s mainnet. Zilliqa’s sharding features and the 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. Zilliqa’s strength is that it cuts transaction costs, so developers may take advantage of faster, cheaper transactions without having to rewrite their Ethereum contracts.

Third, Zilliqa’s features, including the secure-by-design Scilla smart contract language and sharding for improved network performance, become available to developers. Last but not least, the connection improves Zilliqa and Ethereum’s interoperability by facilitating the movement of assets and data without any friction.

Integrating the EVM is a deliberate move on Zilliqa’s part to get Ethereum developers to learn more about and create for the platform. Developers looking for solutions to Ethereum’s scaling issues may find Zilliqa appealing since it offers a familiar programming environment and lowers access barriers. To encourage creativity inside the Zilliqa ecosystem, the platform has also introduced programs and initiatives including awards, hackathons, and training tools to help developers make the switch from Ethereum.

Both Zilliqa and Ethereum will benefit greatly from the introduction of the EVM to their respective mainnets. It leverages Ethereum’s large development community and infrastructure while maintaining Zilliqa’s scalability and cheap transaction costs, resulting in a mutually beneficial partnership that benefits the whole blockchain industry.

Zilliqa’s ability to entice Ethereum programmers bodes well for the future of the platform, which should be brimming with ground-breaking dApps, DeFi protocols, and NFT endeavors. The industry as a whole benefit from this increased innovation and mainstream blockchain adoption as separate blockchain ecosystems combine.