Zilliqa will launch the first fully compatible version of EVM on the main network on April 25th

According to reports, the official blog of the Layer1 blockchain Zilliqa announced that the first fully compatible version of EVM will be launched on the main website on April 25. Users will be able to transfer native ZIL using wallets such as MetaMask, and deploy Solidity smart contracts using tools such as Truffle and Hardhat. It is reported that Zilliqa launched the EVM compatibility testing network in December 2022, aiming to introduce a broader blockchain developer community for Zilliqa.

Interpretation of this information:

The official blog of Layer1 blockchain Zilliqa has announced the launch of the first fully compatible version of Ethereum Virtual Machine (EVM) on its main website on April 25. This development will allow users to transfer native ZIL using wallets such as MetaMask, and also deploy Solidity smart contracts using tools like Truffle and Hardhat. Zilliqa had launched the EVM compatibility testing network in December 2022, with the goal of attracting a larger blockchain developer community to Zilliqa.

The EVM is a virtual machine designed for executing smart contracts on the Ethereum blockchain. It enables developers to create decentralized applications (dApps) and execute smart contracts in a secure and deterministic manner. Zilliqa’s decision to integrate EVM compatibility will put it on par with Ethereum, which has been the dominant blockchain platform for smart contracts and dApp development. With the integration, Zilliqa aims to attract developers who are already familiar with the EVM environment, enabling them to easily move their existing projects to Zilliqa’s blockchain.

Zilliqa also offers other advantages over Ethereum, with higher transaction processing speeds (1000 times faster than Ethereum) and significantly lower gas fees, enabling developers to build decentralized applications more cost-effectively. The introduction of EVM compatibility on the Zilliqa blockchain will open up a world of possibilities for developers, who will now be able to leverage the best of both worlds – Ethereum’s established ecosystem and Zilliqa’s faster and cheaper infrastructure.

Zilliqa’s move towards EVM compatibility is another example of the growing trend of blockchain interoperability, which refers to the ability of different blockchain networks to communicate with each other. Interoperability is key to unlocking the full potential of blockchain technology, as it allows for seamless integration of solutions and enables developers to leverage the unique features of different blockchains to build more diverse and robust applications.

In summary, Zilliqa’s integration of EVM compatibility demonstrates its commitment to attracting a diverse community of developers to its blockchain network. The move also reflects the growing trend towards blockchain interoperability and offers developers the unique advantages of both Ethereum’s established ecosystem and Zilliqa’s faster and cheaper infrastructure. The three keywords that best summarize this message are EVM compatibility, blockchain interoperability, and developer community.