• EOS has launched a testnet for its Ethereum Virtual Machine (EVM) compatibility in preparation for the protocol’s mainnet launch in mid-April.
• The EOS EVM is designed to offer unmatched speed, performance, and compatibility with other protocols.
• To foster development on the platform, EOS has announced a $20 million Grant to developers that are looking to build solutions on the EOS EVM tool.
EOS Launches Testnet Ahead of Mainnet Launch
EOS is taking steps towards launching the mainnet of its Ethereum Virtual Machine (EVM) compatibility on April 14 with the launch of a new testnet alongside its security audit. This will be one of the final steps before mainnet launch.
Features and Benefits of EOS EVM
The EOS EVM offers unmatched speed, performance, and compatibility with other protocols. Smart contract functionality is embedded within the parent protocol’s smart contract which takes advantage of both the security features from both Ethereum and EOS.
$20 Million Grant for Developers
To encourage development on its platform, EOS has announced a $20 million grant program to developers that are building new solutions on top of their EVM tool. In addition to this grant program there are also other funding options available such as those from Pomelo and ENF Grants Framework.
Interoperability Between Protocols
One major benefit for developers building applications using any network is interoperability between different protocols regardless if they are based on Ethereum or not. With this robust liquidity potential projects can build upon an enhanced user experience when working with these various networks at once.
In conclusion, it appears that with the launch of its testnet ahead of mainnet launch in April, and its generous grant programs to bootstrap development on their platform; we should expect great things from the upcoming release date in just over two weeks time!