IOTA

Shimmer

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<a href="https://twitter.com/shimmernet/status/1699724236447740149" rel="noopener noreferrer nofollow">Shimmer</a>, the network built to advance major <a href="https://u.today/iota-miota-reveals-result-of-shimmer-governance-vote-details" rel="noopener noreferrer nofollow">IOTA</a> innovations, is nearing a key milestone, bringing IOTA one step closer to Ethereum compatibility. &nbsp;According to an X post, the Shimmer EVM launch could be imminent. 
Shimmer provides an update on its EVM development, stating that its smart contracts team is hard at work testing and fixing bugs that are critical for a successful launch. 
<blockquote> 
 📢 <a href="https://twitter.com/hashtag/ShimmerEVM?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShimmerEVM</a> Development Update. Thank you for your patience - in this time, our Smart Contracts team has been hard at work testing and fixing bugs – crucial for a smooth launch 🧵⬇️ <a href="https://t.co/f2ch7zsfI2" rel="noopener noreferrer nofollow">pic.twitter.com/f2ch7zsfI2</a>— Shimmer (@shimmernet) <a href="https://twitter.com/shimmernet/status/1699724236447740149?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 7, 2023</a> 
</blockquote> 
The Shimmer EVM team reflects on how things have gone up to this point, stating that before the summer, ecosystem projects were asked to test their dApps on the Shimmer EVM testnet. 
Though it took longer than intended, most issues have now been fixed, and most projects are pleased with the current status. 
Various tests (individually and under congested conditions) were successful. Tests in congested circumstances offered valuable insights into app behavior, which the team says boosted confidence in the EVM launch. That said, adjustments and testing for a closed Shimmer EVM<a href="https://u.today/iota-miota-shares-exciting-growth-updates-in-first-2023-report-details" rel="noopener noreferrer nofollow"> launch</a> are being finalized. 
According to a <a href="https://twitter.com/shimmer_academy/status/1698999991379931372" rel="noopener noreferrer nofollow">previous post</a>, the team stated that it was conducting final tweaks and tests while planning to initiate a closed launch of Shimmer EVM shortly. 
This will allow the infrastructure, explorer and indexing services to be set up and the launching projects to begin their deployments and final tests. 
The public launch is to be expected once everything is ready, and it might follow a few weeks later. 
The Shimmer EVM launch remains a highly anticipated event for the IOTA community. Already, the Shimmer EVM testnet has topped 1.4 million transactions, suggesting demand for the innovation. 
Currently, the <a href="https://explorer.evm.testnet.shimmer.network/" rel="noopener noreferrer nofollow">Shimmer EVM testnet</a> boasts 1,415,518 total transactions; 653,417 total blocks; 29,462 wallet addresses and an average block time of 727 milliseconds.

IOTA closer to ETH compatibility as Shimmer nears key milestone

U_Today

Other articles published on Sep 7, 2023

Shiba Inu's BONE Gains 130% More Traders After Shibarium Launch

Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment

Even with Their Keys, Users Don't Control Their Crypto. Here's Why

FLOKI Price Analysis: With A Cool-Off In Breakdown Rally, Will FLOKI Price Revamp By 30%?

Celsius files adversary complaint against EquitiesFirst

IMF, FSB release joint policy recommendations for crypto assets

Join our free newsletter for daily crypto updates!