ShimmerEVM and Blockscout partner to get the project closer to Ethereum compatibility. 
The collaboration is expected to ensure that users have the required exploration tools when interacting with a chain. 

The introduction of ShimmerEVM has been well accepted by the entire IOTA ecosystem as smart contract developers flock into the Shimmer ecosystem to build and deploy applications, thanks to the EVM-compatible smart contract execution.

Following this introduction, the team on several occasions stated that they would create more opportunities for developers to work with smart contracts on the Shimmer network. For now, features like built-in native randomness and “direct interaction through magic contracts with elements” are not part of EVM.

To offset some of the gaps and support the robust and fast nature of ShimmerEVM, Blockscout has come on board. According to reports, Blockscout is known for the provision of transaction details which include internal transaction state updates, full logs, and binary data which include transactions. 

[ICYMI] #ShimmerEVM launched with a brand new explorer in collaboration with @blockscoutcom – equipped with advanced exploration tools, incl. contract verification and a comprehensive API. Check it out yourselfhttps://t.co/aV6wHqvMYc

— Shimmer (@shimmernet) October 5, 2023

The collaboration will provide EVM and relevant exploration tools needed by users when interacting with a chain. According to experts, contract verification is very important in this project as it enables developers to easily verify, read, and interact with contracts in Blockscout directly. In addition to that, a comprehensive API is said to be required for instant access to the latest shimmer data. 

More About the ShimmerEVM and Blockscout Collaboration

The press release explains that users easily get into the unique offerings of the chain once a base layer infrastructure is in the right place. 

It is important to note that Shimmer is a parallelized Directed Acyclic Graph (DAG) and zero fee ledger meant to enhance the security of the smart contracts network.

Its robust tokenization framework assures seamless interoperability, composability, and feeless value transfers across smart contract networks, aspiring to transform Shimmer into a highly scalable multi-chain ecosystem. The native currency of the Shimmer network is known as SMR.

It was recently reported that Shimmer was getting closer to getting IOTA compatible with Ethereum as the smart contract team worked on testing and fixing bugs. According to reports, various tests were successful. Test in congested circumstances was reported to have offered a boost to the EVM launch by providing valuable insights into app behavior. 

Before the summer, ecosystem projects were asked to test their #dApps on the #ShimmerEVM Testnet. Though it took longer than expected, most issues are resolved, and most projects have expressed their satisfaction with the current state…Currently, adjustments & testing for a closed #ShimmerEVM launch are being finalized. A public launch is to be expected once everything is confirmed ready and set up on that closed instance.

As of press time, Shimmer (SMR) was trading at $0.045515 after falling by 11 percent in the last seven days. In the last 24 hours, the asset has surged by 2.9 percent with a 24-hour trading volume of $31,245. 

IOTA (MIOTA) is also trading at $0.154875 and has surged by 2.4 percent in the last seven days and 1.6 percent in the last 24 hours. According to market data, IOTA has a 24-hour trading volume of $4,066,747 and a market cap of $430,445,171. Analysts predict that the price could go as high as $0.278776 before the year-end. In addition, it may not finish the year with a price below $0.18585. 

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Filed under: Bitcoin - @ October 8, 2023 12:20 pm