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Home»Blockchain»Dymension and Evmos Core Teams Launch First IBC-Enabled EVM Rollup
Blockchain

Dymension and Evmos Core Teams Launch First IBC-Enabled EVM Rollup

2023-05-02No Comments2 Mins Read
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Blockchain


  • Dymension is a blockchain startup building a network of easily deployable modular blockchains called RollApps.
  • Dymension works together with Evmos Core Teams and Celestia.
  • The three have launched the world’s first-ever IBC-enabled EVM rollup on testnet.

Dymension has announced its partnership with Celestia and Evmos Core Teams to launch the world’s first-ever IBC-enabled EVM rollup on testnet.

Dymension has built-in rollups technology for scalability and it creates an ecosystem of easy to deploy and lightning fast RollApps that any developer can use to build and deploy to scale their decentralized applications.

IBC enabled EVM rollup

The IBC-enabled EVM RollApp will be deployed within Dymension’s initial testing area “35-C”, as part of its long-term plan to establish and launch a new ecosystem of IBC-enabled rollups. The implementation was made possible through close collaboration with the Evmos Core Development Team, as the RollApp uses Ethermint, an implementation of the Ethereum Virtual Machine built on top of Dymensions RollApp.

Commenting on the new RollApp, Dymension Lab CEO and co-founder Yishay Harel said:

“Excited to work closely with the Evmos team to reach this milestone. With the world’s first IBC-enabled EVM package now deployed on testnet, we are one step closer to bringing scalable and interoperable blockchain solutions to the wider community. This is just the beginning of our journey and we look forward to continuing to push the boundaries of what is possible with EVM-based technology.”

The new EVM RollApp uses the EVMOS token as a guest token and updates the state to the Dymension Hub and posts data to Celestia’s “Mocha” testnet.

See also  Chainlink partners with Chainalysis to launch onchain compliance monitoring

In addition, the new RollApp will include a Uniswap V2 fork and a custom frontend, as part of a proof-of-concept to demonstrate how anyone can deploy their own RollApp and host EVM dApps. Developers can split any EVM based dApp and deploy it to the RollApp using Dymension’s technology.

Additionally, since Dymension’s RollApp is IBC-enabled, it can natively connect to the Cosmos ecosystem of the IBC blockchain.


Source link

Core Dymension EVM Evmos IBCEnabled Launch rollup Teams
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