2023-09-20 14:23:59
Injective, a revolutionary blockchain platform designed for ultra-fast cross-chain compatibility, has announced the debut of inEVM. This development marks the birth of the first Ethereum Virtual Machine (EVM) with the ability to achieve true compactness between two prominent blockchain ecosystems, Cosmos and Solana.
According to the protocol, the emergence of inEVM as a beacon of innovation in blockchain technology is a testament to the joint effort between Injective and Caldera, a roll-up platform that enables the launch of dedicated blockchains backed by Sequoia and Dragonfly. The introduction of inEVM reaffirms Injective’s commitment to fostering seamless interoperability and empowering developers to build the future of decentralized finance (DeFi).
inEVM Ushers in an Era of Unlimited Possibilities
In a world where blockchain ecosystems often operate in isolation, inEVM is set to break down these barriers. By harnessing the power of Injective composability, developers can now leverage the capabilities of the EVM while seamlessly integrating with the Cosmos and Solana networks.
Composability, the ability of smart contracts and decentralized applications (dApps) to interact seamlessly across different blockchains, has long been a challenge. Traditional EVMs were confined to their respective networks, limiting the potential for cross-chain collaboration.
On the contrary, developers who use the inEVM protocol can take advantage of the vast Ethereum (ETH) ecosystem, accessing its extensive library of smart contracts and dApps, while enjoying the scalability and performance advantage of Cosmos and Solana. Interestingly, this amalgamation of technologies opens up a myriad of opportunities for DeFi applications, decentralized exchanges (DEX), decentralized autonomous organizations (DAO), and more.
Of note, Injective’s commitment to pushing the boundaries of blockchain technology is evident in the introduction of inEVM. With its unparalleled ability to connect ETH, Cosmos, and Solana, the protocol has set a new standard for interoperability, inviting developers and enthusiasts alike to experience a new dawn.
Injective Launches Cascade Interoperability Solutions
Let us remember that in April, Injective introduced the SVM (Solana Virtual Machine), formerly known as Cascade, in the Inter-Blockchain Communication (IBC) ecosystem. This innovation allowed Solana developers to migrate their applications to Injective seamlessly.
Also in May, The blockchain network announced the activation of the Avalon update on its mainnet, leading to a wave of new use cases in the crypto community.. A key aspect of the Avalon update is its impact on the Proof-of-Stake (PoS) delegation mechanism, which empowers users with greater control over their staked assets.
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