IOTA: Smart contracts team improved Wasp node and ready to launch ShimmerEVM – Report

  • The Shimmer team is testing and improving the minor releases over the last few weeks thus gearing up for the launch of the ShimmerEVM testnet.
  • SoonLabs is excitement to test its BUILDAVERSE platform with the ShimmerEVM Beta.

Since the IOTA Foundation launched the Shimmer Network last year in September 2022, the team has been working on new developments in the Shimmer ecosystem. As per the recent development, the team has been working on the launch of ShimmerEVM which will be compatible with the Ethereum Virtual Machine (EVM).

Recently, Dave de Fitjer – the director of engineering and smart contracts at the IOTA Foundation – shared important updates regarding the launch of IOTA smart contracts as well as the launch of ShimmerEVM testnet.

Fitjer noted that the team behind IOTA smart contracts has been improving the Wasp node to get themselves into a comfortable situation where they can confidently launch the ShimmerEVM testnet. The IOTA executive further added that the team has spent a considerable amount of time testing and improving several minor releases over the last week.

Last Friday, they performed “a team-wide test running and maintaining a multi-validator cluster which we completed successfully”. From the findings of this test, the team will be working on a couple of fixes before launching the ShimmerEVM testnet. Later, with several community projects, the testnet will undergo major broad testing.

Fitjer added that with the stability of the network, they will open up the testnet for everyone to experiment. “Looking forward to all the new stuff that will be enabled by this and trying out all the nice community projects that have been under development for a while!” he added.

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SoonLab’s BUILDAVERSE gears up for ShimmerEVM

Several community projects built atop the IOTA network are also waiting for the launch of ShimmerEVM. ShimmerNet’s lead contributor Dominik Schiener recently stated that his team has been doing a lot of testing to make ShimmerEVm production ready.

Soon as Fitjer announced that they are working on the final fixes before the launch of ShimmerEVM testnet, SoonLabs which runs on IOTA’s decentralized Shimmer Network shared its excitement with the community. In its latest tweet, SoonLabs notes that after a brutal 2022, projects with strong foundations focused to build above and over the hype. Hinting at its major project BUILDAVERSE, SoonLabs noted that they are closely watching the developments of ShimmerEVM Beta.

BUILDAVERSE from SoonLabs is a modular Web3 platform operating system and an Ecosystem-as-a-Service that connects individuals, enterprises, corporations, NGOs, etc. It is a white-label platform of Soonaverse. The larger BUILDAVERSE platform will help users to build communities dubbed “Verse”.

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Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.

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