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Introduction to IOTA EVM: Empowering the Future of Smart Contracts

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by Giorgi Kostiuk

a year ago


IOTA EVM: Transforming the Landscape of Smart Contracts

A groundbreaking achievement unfolds as IOTA introduces its cutting-edge Layer 2 solution, IOTA EVM, which revolutionizes smart contract capabilities within the network. The long-anticipated release comes after a series of enhancements, rigorous testing, and meticulous audits that have been ongoing since the initial EVM launch on Shimmer in September 2023.

By leveraging the native Layer 1 Asset Framework, IOTA EVM not only achieves complete EVM compatibility but also propels innovation by offering novel features.

Celebrating the Launch

Step into the future by commemorating the launch of IOTA EVM. Join the community for an eventful celebration slated for Wednesday, June 5, showcasing the immense potential of this groundbreaking release. Dive into engaging activities, interactive sessions, and unique insights into the world of projects utilizing IOTA EVM.

Key Features of IOTA EVM

Unlocking Possibilities with Unique Features:

  • Parallel Processing: The architecture allows parallel transaction processing, paving the way for horizontal scalability across diverse chains.

  • Seamless Interoperability: Deploying Solidity smart contracts facilitates seamless interactions between EVM and non-EVM chains.

  • Fairness and Security: Enhanced fairness is ensured through native randomness implementation and resistance to Miner Extractable Value (MEV), aligning with regulatory requirements for market integrity and equal access.

Experience a fully EVM-compatible smart contract environment that empowers entrepreneurial ventures and innovators to carve a path towards a fairer and more accessible ecosystem bridging DeFi and tangible real-world assets.

Realizing Real-World Adoption

Demonstrating Commitment to Adoption:

Embracing real-world adoption, IOTA continues to redefine industry standards by merging traditional sectors with crypto-native applications. With a pioneering presence in the Abu Dhabi Global Market (ADGM) as the first registered DLT foundation, IOTA lays the groundwork for a regulatory-friendly environment to nurture the evolution of RWA-centric DeFi ecosystems.

Getting Started with IOTA EVM

Embark on Your Journey with IOTA EVM:

  • JSON-RPC Endpoint: Connect via https://json-rpc.evm.iotaledger.net or wss://ws.json-rpc.evm.iotaledger.net
  • EVM ChainID: 8822
  • Explorer URL: Explore the network at https://explorer.evm.iota.org/
  • wIOTA Contract: Access at https://explorer.evm.iota.org/address/0x6e47f8d48a01b44DF3fFF35d258A10A3AEdC114c
  • L1 Chain Address: iota1pzt3mstq6khgc3tl0mwuzk3eqddkryqnpdxmk4nr25re2466uxwm28qqxu5

To kickstart your journey, install MetaMask or a similar Web3 wallet, visit the Explorer Website, and connect to the IOTA EVM chain via the Firefly Wallet to engage in the network's diverse activities.

Facilitating Innovation

The launch of IOTA EVM marks a significant milestone in fueling innovation and adoption both in the cryptocurrency space and beyond. Acknowledge the vital role played by our esteemed infrastructure providers in bringing this vision to life.

Opportunities Await Builders

Builders looking for funding can explore the IOTA Grants Program, which actively supports burgeoning projects in the Web3 domain. For those interested in building on IOTA EVM, detailed guidance is available through the IOTA EVM Quick Start Guide to initiate their projects successfully.

Stay Tuned for Innovations

Stay informed about exciting updates and upcoming integrations with our array of partner applications set to launch on IOTA EVM. Embrace the dynamic evolution taking place within our ecosystem.

This transformative journey sets a new standard in the realm of smart contracts, showcasing the endless possibilities that IOTA EVM unlocks for a forward-thinking community eager to shape the future.

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