Ethereum EVM Compatibility

QANplatform, the Ethereum EVM compatible blockchain

💡[Definition] Ethereum EVM

The Ethereum Virtual Machine (EVM) is a computation engine that acts like a decentralized computer with millions of executable applications called smart contracts. It is part of the Ethereum blockchain on which smart contracts can be deployed and executed.

[Market problem]: Most of the new blockchains are not Ethereum EVM compatible

Projects currently running on the Ethereum network can only leave Ethereum at significant compromises for a more reliable, cost-predictable, cost-efficient, and secure blockchain platform alternative, since they would need to rewrite all their smart contracts in a different programming language resulting in a re-audit requirement as well.

QANplatform will be Ethereum EVM compatible

The whole blockchain ecosystem owes a lot to the Ethereum team, as Ethereum was the first smart contract platform to run decentralized applications (DApps). As the smart contract pioneer, Ethereum took a market advantage which is still held, since most blockchain projects and solutions are running on Ethereum.

90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure, and avoid obsolescence, according to Gartner. There are signs that projects are already leaving first-generation blockchain platforms are already visible. Many projects are realising that Ethereum Layer 2 solutions are not the cure to all problems. However projects currently running on the Ethereum network could only leave Ethereum at significant compromises for a more reliable, cost-predictable, cost-efficient, and secure blockchain platform alternative.

Move your code from Ethereum to QANplatform

Thanks to QANplatform’s Ethereum EVM (Ethereum Virtual Machine) compatibility, developers can write, deploy, and run smart contracts as they would on Ethereum, but on top of that they and their users can enjoy all the benefits of QANplatform, such as the Quantum-resistant security, Proof-of-Randomness (PoR) consensus mechanism, Multi-language smart contract development, Developer Royalty Fees, Low and predictable transaction costs fixed in USD — to name a few.

Key Takeaways — [Ethereum EVM Compatibility]:

• QANplatform is Ethereum EVM compatible blockchain.

• Projects currently running on the Ethereum network can move their operation to QANplatform.

• Thanks to Ethereum EVM compatibility, the QANplatform can win market share from Ethereum.

• Also all tooling like wallets, SDKs, etc. people already use with Ethereum remain compatible not forcing users to leave their favored toolkit behind.