IOTA

Shimmer

Filecoin

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<li><strong>IOTA&#8217;s ShimmerEVM network experienced heavy congestion, causing an error accessing the protocol for users of the testnet.</strong></li>
<li><strong>The ShimmerEVM was designed to introduce smart contracts to IOTA and is currently lagging behind other protocols.</strong></li>
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<h2 id="iota-s-shimmer-testnet-records-temporary-setback-here-s-how">IOTA’s Shimmer Testnet Records Temporary Setback, Here’s How</h2>
<p>The IOTA ShimmerEVM network, which <a href="https://www.ethnews.com/iota-treasures-of-shimmer-airdrop-kicks-off-with-1-3m-smr-prize-pool-22k-daily-active-addresses-on-shimmer-network/">aims to introduce</a> smart contracts to IOTA, experienced a temporary setback on Sunday as users of the testnet encountered an error accessing the protocol. The ShimmerEVM Network disclosed that heavy congestion was challenging its chain limits, but the exact visitor count that overwhelmed the protocol was not revealed. The team <a href="https://www.ethnews.com/treasures-of-shimmer-iota-powered-testnet-campaign-offers-chance-to-earn-up-to-1-8-million-smr-tokens/">is working to resolve</a> the issue and strategize ways to improve performance in the long run.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">We surpassed 1million active adresses on the <a href="https://twitter.com/hashtag/Shimmer?src=hash&amp;ref_src=twsrc%5Etfw">#Shimmer</a> testnet and we have an exponentielly growth lately! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f973.png" alt="🥳" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/pHESOv2WHO">https://t.co/pHESOv2WHO</a> <a href="https://t.co/JKtUNd4iaI">pic.twitter.com/JKtUNd4iaI</a></p>
<p>&mdash; IOTA Vrom <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f98b.png" alt="🦋" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30a.png" alt="🌊" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f419.png" alt="🐙" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2620.png" alt="☠" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f916.png" alt="🤖" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91f.png" alt="🤟" class="wp-smiley" style="height: 1em; max-height: 1em;" /> soon (@Vrom14286662) <a href="https://twitter.com/Vrom14286662/status/1655093047489691648?ref_src=twsrc%5Etfw">May 7, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The community <a href="https://www.ethnews.com/with-massive-yield-farming-feature-upgrade-in-ecosystem-iota-enters-the-billion-dollar-defi-market/">has shown</a> support for the team during this period.</p>
<p>The ShimmerEVM was designed to bridge the gap for primary non-smart contract focused layer-1 protocols and <a href="https://www.ethnews.com/iota-reaches-massive-milestone-tangleswap-goes-live-with-defi-launch-trading-competition-and-rewards-galore/">has been deemed</a> necessary to stretch and test the limits of the protocol before the mainnet launch. It is better to encounter these challenges during the testnet campaign than when the mainnet is live, according to an IOTA community member.</p>
<h2 id="iota-shimmerevm-lagging-behind-in-evm-pivot">IOTA ShimmerEVM: Lagging Behind in EVM Pivot</h2>
<p>The ShimmerEVM testnet campaign is ongoing, and the protocol and the broader IOTA ecosystem <a href="https://www.ethnews.com/partnership-between-iota-and-the-eu-results-in-a-joint-position-paper-outlining-the-future-of-smart-contracts-digital-identity-and-supply-chain-management/">seem to be lagging</a> behind other core protocols like EOS and Filecoin, which recently made the move into smart contract support. The Filecoin Virtual Machine (FVM) went live in March after months of active development, and Binance supported the protocol at the time. EOS also <a href="https://www.ethnews.com/ripple-stellar-and-iota-set-to-dominate-trillion-dollar-market-as-iso-20022-regulation-brings-swift-into-play/">launched</a> its WebAssembly (WASM) protocol to pivot into the smart contract scene.</p>
<p>Despite coming late to the party, a solid protocol development and accompanying utility <a href="https://www.ethnews.com/iota-shifts-focus-from-mvp-to-iota-core-adding-mainnet-functionality-to-goshimmer-consensus/">can help</a> the ShimmerEVM compete with its peers.</p>
<div class="cryptoboxes" id="mcw-12336" data-realtime="on"><div class="mcw-chart mcw-chart-light" data-font = "inherit" data-chartcoin = "MIOTA" data-chartcurrency = "USD" data-chartrate = "1.000268" data-charttype = "chart" data-chartview = "day" data-charttheme = "light" data-chartsmooth = "true" data-chartareacolor = "" data-chartbgcolor = ""></div></div>
<p>The post <a rel="nofollow" href="https://www.ethnews.com/iotas-shimmer-network-booms-with-millions-of-transactions-development-team-puts-pedal-to-the-metal-to-expand-ecosystem/">IOTA&#8217;s Shimmer Network Booms with Millions of Transactions &#8211; Development Team Puts Pedal to the Metal to Expand Ecosystem</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

IOTA’s Shimmer Network Booms with Millions of Transactions – Development Team Puts Pedal to the Metal to Expand Ecosystem

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