- Shimmer has partnered with Blockscout, an open-source tool designed for blockchain exploration and transaction verification on the Ethereum Virtual Machine (EVM).
- This will ensure transparency, contract validation, and comprehensive API access for developers within the Shimmer ecosystem.
Earlier this week, September 28, the IOTA network unveiled the ShimmerEVM offering a bridge between Ethereum applications and the IOTA Network. Hours later, Shimmer announced its collaboration with Blockscout.
Blockscout serves as a powerful open-source tool designed to facilitate the exploration, verification, and examination of transactions within any blockchain operating on the Ethereum Virtual Machine (EVM).
Excited to collaborate with @blockscoutcom on our explorer, especially in light of today’s launch of the #ShimmerEVM✨! Explore the seamless functionality and check out the key features yourself ⬇️ https://t.co/Rt36Iz0Upa
— Shimmer (@shimmernet) September 28, 2023
The ShimmerEVM launch marks the integration of EVM-compatible smart contract execution into the Shimmer ecosystem. This advancement paves the way for smart contract developers to seamlessly create and deploy applications.
ShimmerEVM distinguishes itself with distinctive attributes, including innate randomness and direct interaction through “magic contracts” with elements outside of the EVM scope, such as Shimmer’s native assets. Along with its high throughput and cost-effectiveness, this development aims to unlock a realm of exciting possibilities for developers engaging with Smart Contracts on the Shimmer network.
Shimmer EVM and Blockscout
ShimmerEVM demands a reliable and swift explorer, and Blockscout serves the purpose by extending its support to Shimmer from day one. It will further ensure transparency across blocks, transactions, tokens, and beyond. Blockscout’s transaction insights provide a comprehensive view, encompassing internal transactions, complete logs, state modifications, and any binary data integrated into the transaction.
The contract verification feature simplifies the process for developers to validate, read, and interact directly with contracts via Blockscout. Furthermore, a comprehensive API is readily available, granting projects immediate access to the most up-to-date Shimmer data.
Maintaining uniformity, cross-chain tools have become progressively vital as users navigate between diverse blockchain ecosystems more frequently. Shimmer and Blockscout understand this necessity, and through our partnership, we are delivering the essential EVM and exploration tools that users both expect and require when engaging with a blockchain.
Once the foundational infrastructure is established, users have the flexibility to delve into the distinctive features of the chain. With Shimmer EVM and Blockscout, this encompasses the exploration of a pioneering tokenization framework and innovative methods for creating, transferring, and trading assets.
IOTA’s Startdust Upgrade
After the successful launch of ShimmerEVM, all eyes are on the IOTA Stardust upgrade. The highly anticipated Stardust upgrade by the IOTA Foundation is on the horizon, marking a significant milestone in the IOTA network’s evolution. This upgrade will usher in a new era for the IOTA Tangle, introducing a range of fresh features and enhancements aimed at enhancing its flexibility and resilience.
At the heart of the Stardust upgrade is the introduction of multi-asset support, which will enable users to create, tokenize, and trade native assets directly on the Tangle. This process involves the creation of a new coin type on the ledger, which can then be linked to a specific asset, such as a commodity, security, or loyalty point. Once established, these native assets can be generated and exchanged among users through the IOTA ledger.
Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Credit: Source link