xtlcd:Support for a multi-chain ecosystem

 Eventually, the ShimmerEVM will allow developers from other EVM-compliant networks to access the Shimmer network using other networks, thus creating support for a multi-chain ecosystem.


Another key feature of the Shimmer network is support for bridgeless native asset transfers across the entire Shimmer ecosystem. Bridges refer to blockchain-based tools that allow users to transfer tokens between different networks. Such tools have been highly susceptible to exploits in the past year, including a $600 million attack on Ronin, a $200 million attack on Nomad and other similar exploits.

The SMR tokens were distributed to anyone staking IOTA tokens over a three-month period, with some 1.4 billion SMR generated from users staking IOTA. Some 181 million SMR were voted on by the community to the Shimmer Community Treasury (DAO), a community-governed entity that would independently fund community projects.

The launch of the ShimmerEVM chain is expected in the coming weeks on the basis of successful and adequate security tests.

xtlcd:http://www.xtlcd.com


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