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HomeCryptocurrenciesAstar Network Launches Smart Contracts with EVM and WASM VM Support

Astar Network Launches Smart Contracts with EVM and WASM VM Support

Astar Network, the multichain decentralized application (DApp) protocol, has announced the launch of its second iteration of smart contracts on its mainnet on April 6th. This latest iteration supports both Ethereum Virtual Machine (EVM) and WebAssembly Virtual Machine (WASM VM), offering an alternative solution for developers who want to utilize the benefits of both virtual machines.

The Importance of EVM and WASM VM Interaction

According to the Astar team, the ability to interact between EVM and WASM VM is a key factor in an emerging layer-1 blockchain’s success. Even though Ethereum brought about the Web3 revolution through smart contracts, the Astar team believes that the future of blockchain cannot be built on Ethereum alone. Therefore, Astar Network’s second iteration of smart contracts provides an alternative solution for developers who want to enjoy the advantages of both virtual machines.

Community Event to Discuss WASM Utilization

To celebrate the launch of its second iteration of smart contracts, Astar Network has invited community members to participate in a panel discussion led by its executives and various Polkadot developers. The discussion will focus on how WASM can be utilized, and the company will also meet with its infrastructure partners to build the foundations for the WASM environment.

Astar Network

Alternative Solutions for Ethereum Scaling

The announcement of Astar Network’s second iteration of smart contracts comes as Polygon, a layer-2 scaling solution for Ethereum, recently released its zkEVM beta to its mainnet, allowing developers to deploy smart contracts at lower costs. The release of Polygon’s zkEVM beta and Astar Network’s launch of its second iteration of smart contracts offer alternative solutions for developers who want to utilize the benefits of Ethereum scaling.

Polkadot Token is not a Security

The Web3 Foundation, the team behind Polkadot, has once again emphasized that the Polkadot (DOT) token is not a security. The foundation stated that the DOT token has already moved away from being a security and welcomed talks with the United States Securities and Exchange Commission.

As the blockchain industry continues to evolve, it is likely that we will see more alternative solutions and protocols emerge to meet the demands of developers and users alike. Astar Network’s launch of its second iteration of smart contracts that support both EVM and WASM VM provides an alternative solution for developers who want to utilize the benefits of both virtual machines. With the ability to interact between EVM and WASM VM, Astar Network’s smart contracts provide a promising solution for an emerging layer-1 blockchain.

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