The Bitfinity EVM is being developed for the Internet Computer to improve its capabilities and performance and to make the IC blockchain compatible with Ethereum and all other EVM-compatible blockchains.
Once the Bitfinity EVM has been implemented, the IC blockchain will be able to do things that, in the past, it could not. Features such as high speed and throughput of transactions, as well as high levels of scalability, will be put to even greater use when the Bitfinity EVM is live.
The present arrangement of the IC network is extremely supportive of dApp development and allows a large number of high-quality dApps to be created using several different programming languages through the innovative canister system. However, there is no denying that the implementation of the Bitfinity EVM will be crucial to the development of more dApps, of even better quality.
EVM Compatibility for the Internet Computer Means More Innovation
The Bitfinity EVM will allow the IC blockchain to integrate with Ethereum's EVM technology and become an "EVM compatible" chain.
In doing so, the IC will integrate with the second-largest protocol in the cryptocurrency space, the largest player in the smart contract game.
By becoming EVM compatible, the IC blockchain will be able to deploy solidity code. Ethereum dApps, which were previously incompatible with the IC network, will be usable on the IC blockchain, making it significantly easier to deploy extremely high-quality dApps on the IC network.
Being able to draw from the large amount of Solidity code that exists on Ethereum and other EVM-compatible blockchains will make developers more effective and will see better dApps coming to the IC blockchain in the future.
As the IC boasts many features that are not present on any other blockchains, developers can create dApps on the IC, knowing that they will have more innovative tools at their disposal.
Mass dApp Adoption is Coming to the IC
When the Bifinity EVM is deployed, we can expect to see some changes on the IC network. The development community using the blockchain is sure to grow, and over time new products will be shipped, which will change the landscape of the IC.
For a blockchain such as the IC, the dApps built on top of its infrastructure are extremely important to the success and popularity of the chain. Likewise, the chain's infrastructure is extremely important in facilitating the development of new and exciting dApps.
The Bitfinity EVM will be a key pillar of the IC blockchain, bringing many changes and improvements to the IC. It is difficult to fully quantify the scale of the potential impact until after the new technology has been launched.
The innovation is extremely exciting, and it will be very interesting to track the progress of the IC blockchain (and its dApp ecosystem) after the Bitfinity EVM is shipped.