Sunday, June 1, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability

October 10, 2023
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter


Flow blockchain, under the aegis of Dieter Shirley, co-creator of CryptoKitties and Chief Architect of Flow, has floated a proposal to integrate Ethereum Virtual Machine (EVM) on its platform, aiming for full EVM equivalence. This move is designed to bridge the existing Ethereum dApp ecosystem with Flow’s unique capabilities, offering a seamless transition for developers and users alike.

Flow has been engineered for large-scale decentralized applications, introducing a novel multirole architecture and its own smart contract language, Cadence. Despite the advantages Cadence offers, developers have faced hurdles leveraging existing Ethereum-based applications and tools. The proposal aims to mitigate these challenges by enabling EVM equivalence on Flow, allowing Ethereum dApps to operate on Flow without any code modifications. Notable Ethereum protocols like Uniswap, Opensea, Metamask, Chainlink Oracle, and others, are expected to function on Flow without hitches while maintaining the ability to build or extend on Solidity contracts using Cadence.

The core of this proposal lies in the seamless composability between EVM and Cadence environments through “bridged accounts”. These accounts facilitate interactions, including function calls and asset bridging between the two environments, allowing assets like ERC-20 and ERC-721 tokens to move effortlessly between them. This composability aims to extend the functionality of smart contracts across the two environments, enhancing the overall developer and user experience.

A critical component of this integration is the asset bridging functionality, enabling tokens to be bridged between Cadence and EVM environments. Anyone can request a token to be bridged, given it adheres to the stipulated interface requirements. Once bridged, assets can move between the environments through deposit and withdrawal methods, simplifying the asset interaction for users and developers.

Certain aspects like incentivization for gatekeepers, mapping EVM gas fees into Cadence execution, and managing balances among others still need to be ironed out. The proposal suggests a collaborative effort to address these challenges and further elucidate the implementation timeline, which is yet to be disclosed.

The integration of EVM on Flow is envisioned as a pathway for developers to tap into Flow’s distinctive features while building upon and extending the Ethereum ecosystem. This proposal, if realized, could significantly bolster the interoperability and composability across the blockchain space, aligning with Flow’s ethos of enabling robust smart contract functionality and mainstream user experiences.

Image source: Shutterstock



Source link

Tags: bitcoinBlockchainComposabilityEnhanceEquivalenceEVMFlowFullNewsProposesUsability
Previous Post

Automated Mentoring with ChatGPT – O’Reilly

Next Post

Business daily reveals KRA list of billionaire tax payers

Related Posts

5 SLA metrics you should be monitoring
Blockchain

5 SLA metrics you should be monitoring

June 10, 2024
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
Blockchain

10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India

June 9, 2024
Arkham: US Government Seizes $300M from Alameda Research Accounts
Blockchain

Arkham: US Government Seizes $300M from Alameda Research Accounts

June 8, 2024
Fake Musk Live Streams Flood YouTube During SpaceX Launch
Blockchain

Fake Musk Live Streams Flood YouTube During SpaceX Launch

June 7, 2024
How to Track Crypto Transactions for Taxes?
Blockchain

How to Track Crypto Transactions for Taxes?

June 7, 2024
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
Blockchain

NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release

June 7, 2024
Next Post
Business daily reveals KRA list of billionaire tax payers

Business daily reveals KRA list of billionaire tax payers

Blockchain Technology 🔥 What is BOSAGORA: A Sustainable and Scalable Blockchain Platform

Blockchain Technology 🔥 What is BOSAGORA: A Sustainable and Scalable Blockchain Platform

Keeping a Level Head during AI Implementation

Keeping a Level Head during AI Implementation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Is C.AI Down? Here Is What To Do Now

Is C.AI Down? Here Is What To Do Now

January 10, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
Turkish Airlines Marketing Strategy: Beyond “Globally Yours”

Turkish Airlines Marketing Strategy: Beyond “Globally Yours”

May 29, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In