IOTA, the open, feeless, and highly scalable distributed ledger technology (DLT) for the digital economy, has announced the launch of the ShimmerEVM test chain.
According to the press release recently shared with Times Tabloid, this marks an important step forward for the company in developing a full decentralized finance (DeFi) ecosystem.
Following the launch of Shimmer last September, IOTA’s incentivized staging network is now in its testing period to improve its resilience, performance, and security ahead of the full ShimmerEVM smart contract launch.
The launch of this new test chain will expand the reach of the Shimmer protocol to a wider community of blockchain developers who build EVM-compatible smart contracts, and build the foundation for the bridgeless and seamless interoperability nature of ShimmerEVM.
Multiple validators and dozens of decentralized applications (dApps) will contribute to this testing phase, providing IOTA with ongoing feedback to improve the network.
Follow us on Twitter, Facebook, Telegram, and Google News
If you missed the 3,000% gains on popular meme coins like Popcat (POPCAT) and Goatseus…
The WallitIQ (WLTQ) platform merges crypto and artificial intelligence (AI) to present new opportunities for…
In the rapidly evolving world of crypto, ETFSwap (ETFS) is attracting significant attention, with industry…
Recent analyses from cryptocurrency market experts suggest a specific timeframe for XRP's next significant price…
With the rapid evolution of the cryptocurrency space, investors constantly find new opportunities to tap…
A few years back, in 2021, two crypto investors opened the doors of news to…