Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum whale wallets rise as Bitcoin whales decline — Is the altcoin rotation underway?

02/08/2025

The Node: JPM’s BTC Lending Play

02/08/2025

Regulators Handed the Crypto Industry a 5-Year Head Start. Can Wall Street Catch Up?

02/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

    02/08/2025

    Coinbase’s $0.12 Million BTC Tweet Stuns Crypto Community: Details

    02/08/2025

    Two Bitcoin Whales Face Massive $190.61 Million Losses in Short Positions as BTC Climbs to New ATH of $122,838

    02/08/2025

    BTC Nearing Exhaustion or Gearing Up for $130K Next?

    02/08/2025

    Ethereum whale wallets rise as Bitcoin whales decline — Is the altcoin rotation underway?

    02/08/2025

    What Will Define the Next Decade?

    02/08/2025

    Ethereum Whale Activity Surges as Fresh Wallets Add $2.43B

    02/08/2025

    The Most Searched Cryptocurrencies of the Last Days Have Been Revealed! “Ethereum and These Five Altcoins Are at the Top!”

    02/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    02/08/2025

    Labubus have succeeded in every way that NFTs have failed

    01/08/2025

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    31/07/2025

    NFT sales surge to $574 million in July, second-highest in 2025

    31/07/2025

    Ethereum whale wallets rise as Bitcoin whales decline — Is the altcoin rotation underway?

    02/08/2025

    The Node: JPM’s BTC Lending Play

    02/08/2025

    Regulators Handed the Crypto Industry a 5-Year Head Start. Can Wall Street Catch Up?

    02/08/2025

    Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

    02/08/2025
  • Blockchain

    IONOS’ InternetX plans to tokenize 22M domains through Doma Protocol

    01/08/2025

    The Protocol of Agents: Web3’s MCP Potential

    01/08/2025

    EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

    01/08/2025

    Circle Wallet’s Strategic Leap for Web3 Developers

    01/08/2025

    Pyth Network brings Hong Kong stock prices onchain for global access

    01/08/2025
  • DeFi

    Strobe Finance Launches on Axelar Network to Power DeFi Capabilities, Cross-Chain Interoperability

    02/08/2025

    Chainlink introduces new pricing methodology for DEX-traded assets

    02/08/2025

    Why This DeFi Dip Might Be the Start of a Major Rotation?

    02/08/2025

    Lido cuts staff, Curve rethinks L2s

    02/08/2025

    Alchemy Pay Integrates into Solv Protocol to Bridge Fiat with Bitcoin DeFi

    02/08/2025
  • Metaverse

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025
  • Regulation

    The Node: JPM’s BTC Lending Play

    02/08/2025

    Opendoor’s 500% surge signals return of meme stock mania

    02/08/2025

    Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

    02/08/2025

    50% of non-investors don’t understand it well enough to buy

    02/08/2025

    JPMorgan Chase’s Plans for Charging Fintechs for Customer Account Data Raising Concerns With at Least One CFPB Official: Report

    02/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Sui DEX Momentum Teases Expansion Plans After Hitting $100 Million in Daily Volume

    31/07/2025

    $500,000,000 USDC Stun World’s Largest Crypto Exchange Amid Hourly Bloodbath

    31/07/2025

    Bithumb Temporarily Halts Celestia (TIA) Transactions!

    31/07/2025

    Coinbase in advanced talks to acquire India’s largest crypto exchange CoinDCX

    31/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    01/08/2025

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    31/07/2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    30/07/2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    30/07/2025

    Bitcoin Mining Profitability Last Month Hit Highest Level Since the Halving: JPMorgan

    01/08/2025

    Bitcoin mining faces surging power demands and record-low fees

    01/08/2025

    Auradine Shipped $73M Worth of Bitcoin Miners to MARA in H1 2025

    31/07/2025

    London Bitcoin Company Surpasses 1,000 Miners in North America

    31/07/2025

    Regulators Handed the Crypto Industry a 5-Year Head Start. Can Wall Street Catch Up?

    02/08/2025

    SEC takes crypto roundtables nationwide, opens with Aug. 4 stop in Berkeley

    02/08/2025

    Fed Governor Kugler to step down on August 8, giving Trump chance to name replacement

    02/08/2025

    The SEC launches new project to engage small crypto startups

    02/08/2025

    Ethereum whale wallets rise as Bitcoin whales decline — Is the altcoin rotation underway?

    02/08/2025

    The Node: JPM’s BTC Lending Play

    02/08/2025

    Regulators Handed the Crypto Industry a 5-Year Head Start. Can Wall Street Catch Up?

    02/08/2025

    Satoshi Will Dethrone Elon Musk as World’s Richest at This Bitcoin Price

    02/08/2025
  • MarketCap
NBTC News
Home»Blockchain»Shimmer announces the launch of ShimmerEVM
Blockchain

Shimmer announces the launch of ShimmerEVM

NBTCBy NBTC03/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Shimmer has announced that it has launched ShimmerEVM, a smart contract software that will be an addition to the testnet. The objective here is to provide IOTA with a staging area for decentralized applications. The staging area is an area where dApps are battle-tested before they are fully deployed on the main network. This helps developers review the limitations of the project or the foundational grounds on which they have constructed their work.

It is only after they have perfected a dApp that it goes live on IOTA for the public.

Shimmer Network is a potential candidate for this development. It supports all the major upgrades through its constant endeavor to roll out new features. ShimmerEVM has been teased to the community as an inaugural ISC chain, with ISC referring to IOTA Smart Contracts.

However, participants have received an advisory from Shimmer warning them to exercise caution when using the software because it has not yet been developed. Meaning, developers will have to tweak their expectations along with their projects.

Some of the features of ShimmerEVM are:-

  • Compatibility with EVM
  • Extended EVM functionality
  • MEV protection
  • Node support
  • L1 native asset support

…plus every other positive aspect that ISC brings with it.

Starting with, EVM compatibility primarily refers to empowering users to run their contracts with other chains with minimal or no adjustments. This positively eliminates obstacles that they would otherwise face. Next, the extended EVM functionality facilitates the interaction with NFTs and assets native to L1. Moreover, users can communicate with chains anchored to Shimmer and access native randomness.

MEV Protection is powered by the random ordering of the transactions in a block. This protects members from MEV techniques, including sandwich attacks. It is fueled by the ideology that a leaderless consensus has set.

Node support goes beyond validator nodes, covering archive nodes and access nodes. This allows operators to run their nodes on demand per prevailing requests. ShimmerEVM helps send SMR tokens via Firefly to its own ecosystem. This means users no longer need a special bridge to execute the function. Shimmer has said it will also bring NFTs and custom native assets to the table.

ISC offers other features for ShimmerEVM: metadata functionality, a custom API, and governance functionality for the chain. This reflects the commitment of IOTA to continue working with Shimmer to make it a staging area. It is one of the 4 key decisions that were announced a few days ago.

Anyone can get started with ShimmerEVM, provided they have updated connection details. Per the announcement, users must mention ShimmerEVM as the network name and 148 as the Chain ID. Token Name must be set to SMR. More information about it is available on the official Shimmer announcement page.

Following establishing a successful connection, users can send SMR to the ShimmerEVM destination network through Firefly Wallet, with Shimmer Network as the original source.

Shimmer has said that it will next work on monitoring, improvement, developer experience, evaluation, and decentralization of the project.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

IONOS’ InternetX plans to tokenize 22M domains through Doma Protocol

01/08/2025

The Protocol of Agents: Web3’s MCP Potential

01/08/2025

EToro Plans to Tokenize U.S. Stocks on Ethereum in Blockchain Push

01/08/2025

Circle Wallet’s Strategic Leap for Web3 Developers

01/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum whale wallets rise as Bitcoin whales decline — Is the altcoin rotation underway?

02/08/2025

The Node: JPM’s BTC Lending Play

02/08/2025

Regulators Handed the Crypto Industry a 5-Year Head Start. Can Wall Street Catch Up?

02/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.