Ethereum EVM Compatibility
QANplatform, the Ethereum EVM compatible blockchain
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.
By 2021, 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.
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.