EOS Pursuing Compatibility With Ethereum Smart Contracts

EOS Pursuing Compatibility With Ethereum Smart Contracts

Block.one has announced a contest that aims to integrate Ethereum smart contract code with its own EOS blockchain. The challenge requires contestants to “create an EOSIO smart contract that stores and invokes EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment.”

Presumably, this would allow developers to port existing Ethereum DApps to EOS more easily. This means that it may be some time before Ethereum compatibility becomes a reality.

Wikipedia explained EOS as a blockchain protocol powered by the native cryptocurrency EOS which claims to eliminate transaction fees and also conduct millions of transactions per second.

The initial release date is 31 January 2018 and the original authors are Daniel Larimer and Brendan Blumer.



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