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EOS has launched a testnet for its Ethereum Virtual Machine (EVM) feature ahead of its scheduled April release. The EVM is integrated within an EOS smart contract to provide users and developers with high-speed transactions at low fees.
EOS price has dropped by almost 5% despite positive development about EOS launching its EOS Ethereum Virtual Machine (EVM) feature on the testnet. EOS token price has been sea sawing since mid-March after the drastic fall between March 3 and March 11.
The fully operational emulation of Ethereum EVM housed within an EOS smart contract is available for blockchain enthusiasts as EOS EVM developers rolled out a public testnet.
Ahead of the mainnet launch in April, EOS Network launched its EOS Ethereum Virtual Machine (EVM) feature on the testnet on 28 March.
The network is the final testnet before a mainnet deployment in April as part of a broader revival plan for EOS.
EOS price started a downside correction from the $1.200 resistance against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours).
Ahead of the launch of its Ethereum Virtual Machine (EVM) on 14 April, EOS Network Ventures has pledged to invest $20 million to support the growth of EOS-based decentralized applications and gaming platforms.
EOS Network has promised to fund developers with the sum of $100 million.
Over the last 24 hours, several china-related cryptocurrencies have shown significant growth, highlighting their names among the highest gainers of the top 100 crypto coins by market cap. The recent surge in these coins may not have a clear-cut explanation, but it could coincide with the increasing adoption of cryptocurrencies amid the U.S. Bank crisis.
The commitment comes ahead of next month's launch of EOS Ethereum Virtual Machine (EVM).
Yves La Rose, creator and CEO of the EOS Network Foundation, has announced a large investment in the EOS EVM and GameFi projects.
EOS price started a fresh decline from the $1.15 resistance zone against the US Dollar. The price is now trading below $1.15 and the 55 simple moving average (4-hours).
The native token of the EOS Network [EOS] suffered a great loss in value following the crypto market tumble. Many altcoins experienced the same fate.
Amid the major liquidity crisis, Silvergate Bank (NYSE: SI) decided to wind down operations and move into liquidation. This is one of the first and major high-profile blow up in the traditional banking space driven by the crypto turmoil.
EOS price started a fresh decline from the $1.35 resistance zone against the US Dollar. The price is now trading below $1.25 and the 55 simple moving average (4-hours).
EOS blockchain recently announced plans to incentivize its developer community in anticipation of the launch of the Ethereum Virtual Machine (EVM), scheduled for next month.
The EOS Network Foundation is leading plans for a consensus mechanism upgrade, an Ethereum Virtual Machine system (EVM), as well as an overall renewed growth strategy.
Layer-1 blockchain protocol, EOS has unveiled plans to incentivize its developer community as it looks to welcome its long-awaited Ethereum Virtual Machine (EVM) integration.
These past few days went by with devastating losses across the cryptocurrency market as top coins surrendered gains amid rapid volatility. It wasn't surprising as the market sentiment was under pressure due to fear and uncertainty plaguing investors about the Fed's interest rate hikes and CPI data.
The EOS blockchain is opening up to the world. That is the clear message from Yves La Rose, Co-founder and CEO of the EOS Network Foundation (ENF), the nonprofit organization that has taken over the network's management since its messy divorce from Block.one.
Key Points: Before the EVM is released in April, the EOS Foundation intends to give financing and other support for EOS-based applications.
The EOS Foundation will grant funds to EOS-based applications, among other steps, as the platform gears for a “new life.”
EOS has performed well in the markets and maintained its upward trajectory despite uncertainty across the market. Even though Bitcoin has retraced a good portion of its gains over the past two weeks, EOS was quick to rebound.
BTC price is attempting to stage a recovery, while EOS, STX, IMX and MKR are beginning to flash bullish signals.
