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Home » Exploring the Future with Blockscout: IOTA’s Smart Contracts on ShimmerEVM
IOTA

Exploring the Future with Blockscout: IOTA’s Smart Contracts on ShimmerEVM

By adminSep. 30, 2023No Comments2 Mins Read
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Exploring the Future with Blockscout: IOTA's Smart Contracts on ShimmerEVM
Exploring the Future with Blockscout: IOTA's Smart Contracts on ShimmerEVM
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Shimmer, a blockchain platform, has formed a partnership with Blockscout, an open-source tool that allows users to explore and verify transactions on the Ethereum Virtual Machine (EVM). This collaboration aims to provide transparency, contract validation, and comprehensive API access for developers within the Shimmer ecosystem.

Earlier this week, on September 28, the IOTA network introduced ShimmerEVM, which acts as a bridge connecting Ethereum applications with the IOTA Network. Shortly after this announcement, Shimmer revealed its collaboration with Blockscout.

Blockscout is a powerful open-source tool designed to facilitate the exploration, verification, and examination of transactions on any blockchain operating on the EVM. The partnership between Shimmer and Blockscout ensures a reliable and fast explorer for ShimmerEVM, enhancing transparency across blocks, transactions, tokens, and more.

Blockscout’s transaction insights provide a comprehensive view of internal transactions, complete logs, state modifications, and any binary data integrated into the transaction. The tool also simplifies the process for developers to validate, read, and interact directly with contracts via Blockscout. Additionally, a comprehensive API is readily available, giving projects immediate access to the most up-to-date Shimmer data.

As users navigate between different blockchain ecosystems more frequently, cross-chain tools like Blockscout have become increasingly important to maintain uniformity. Shimmer and Blockscout recognize this need and are delivering essential EVM and exploration tools to enhance users’ interaction with the blockchain.

With the integration of EVM-compatible smart contract execution into the Shimmer ecosystem, the launch of ShimmerEVM opens up new possibilities for smart contract developers to create and deploy applications seamlessly. ShimmerEVM stands out with its distinctive attributes, including innate randomness and direct interaction with elements outside of the EVM scope, such as Shimmer’s native assets. This advancement, coupled with high throughput and cost-effectiveness, aims to unlock exciting opportunities for developers engaging with smart contracts on the Shimmer network.

After the successful launch of ShimmerEVM, attention now turns to the IOTA Stardust upgrade. The highly anticipated upgrade by the IOTA Foundation will introduce a range of new features and enhancements to the IOTA Tangle, enhancing its flexibility and resilience. The introduction of multi-asset support is at the heart of the Stardust upgrade, allowing users to create, tokenize, and trade native assets directly on the Tangle. This upgrade marks a significant milestone in the evolution of the IOTA network.

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