Topic: First Cardano smart contracts testnet launches today, the KEVM testnet (Read 134 times)

"First Cardano smart contracts testnet launches today, the KEVM testnet" added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/300
great for ADA ?

The first Cardano smart contracts testnet launches today, the KEVM testnet, a correct by construction version of the Ethereum Virtual Machine (EVM) specified in the K framework. This technology, produced by Runtime Verification with the support of IOHK, is the first time that a complete formal semantics of the EVM have been produced. This is an important first in cryptocurrency that is a necessary step towards the promise of third-generation blockchains.

A smart contract allows you to exchange something of value - money, property, shares - by means of a software protocol. The terms of exchange are agreed upon by the parties involved in the same way as a traditional contract, and the contract is executed automatically on the blockchain.

Developers will be able to take any application that runs on the EVM and execute it on the KEVM, which can also be used to rigorously prove that smart contracts work correctly. This is done by formally specifying a contract’s desired properties in K, combining the contract with the KEVM specification, and then using the K framework to verify those properties.

Our second Cardano testnet to launch will be IELE, which is a new virtual machine for Cardano. IELE will be launched in July and is a register-based virtual machine similar to LLVM with an unbounded number of registers, that supports unbounded integers. With IELE, developers can write, compile and execute smart contracts, with improved security and performance compared to the KEVM testnet.