HomeNewsIOTA EVM vs. Ethereum: Key Technological Distinctions Unveiled

IOTA EVM vs. Ethereum: Key Technological Distinctions Unveiled

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  • Ethereum faces scalability issues and high gas fees, but is transitioning to Ethereum 2.0 for solutions.
  • IOTA prioritizes scalability, offering feeless transactions and enhanced speed, beneficial for microtransaction-heavy applications.

The IOTA Smart Contract framework, known as IOTAevm, aims to provide an advanced experience for users seeking smart contract functionality. It offers features comparable to the best Ethereum Virtual Machine (EVM) experiences available in the cryptocurrency sphere.

At its core, IOTAevm operates on a base layer (DAG) that eliminates fees for token holders, ensuring cost-effective transactions. This framework also supports tokens and NFTs on its base layer, enhancing its utility for users. Additionally, it boasts high scalability, capable of handling up to 700 transactions per second (tps), making it suitable for a wide range of applications.

One of the standout features of IOTAevm is its support for appchains, which enables near-infinite scalability. These appchains can be deployed quickly and easily through @SPYCE_5, facilitating seamless integration into various platforms.

Furthermore, all assets on Layer 2 (L2), including NFTs and coins, can be transferred between different layers without the need for bridges or third-party intermediaries, minimizing risk.

Ethereum vs. IOTA: Technological Foundations

The comparison between the IOTA EVM and Ethereum focuses on the technological and operational disparities of both platforms:

Smart Contracts: A Comparative Analysis

In terms of underlying technology, Ethereum utilizes blockchain technology, appending each transaction to a block and linking them in a chain. It’s known for executing DApps via EVM.

In contrast, IOTA employs a different technology called Tangle, a type of directed acyclic graph (DAG), tailored for scalability and efficiency, particularly for the Internet of Things (IoT).

Regarding smart contracts, Ethereum’s EVM executes intricate smart contracts and is Turing-complete. Conversely, the IOTA EVM aims to support Ethereum’s smart contracts, allowing developers to deploy contracts written in Solidity on the IOTA network and Shimmer.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628