• Dymension, Evmos Core Teams and Celestia have launched the world’s first IBC-enabled EVM rollup on testnet.
• The new RollApp utilizes the EVMOS token as its gas token and updates its state to the Dymension Hub and posts data to Celestia’s “Mocha” testnet.
• Developers will be able to fork any EVM-based dApp and deploy it on the RollApp using Dymension’s technology.
Dymension, Evmos Core Teams, & Celestia Launch IBC-Enabled EVM Rollup
Dymension has announced a collaboration with Celestia and Evmos Core Teams to launch the world’s first IBC-enabled EVM rollup on testnet. This new RollApp utilizes the EVMOS token as its gas token and updates its state to the Dymension Hub and posts data to Celestia’s „Mocha“ testnet. With this achievement, developers can now fork any EVM-based dApp and deploy it on the RollApp using Dymension’s technology.
What is an IBC-Enabled EVM Rollup?
An IBC-enabled (Inter Blockchain Communication) EVM (Ethereum Virtual Machine) rollup is a blockchain startup built by Dymension that provides a network of easily deployable modular blockchains called RollApps. This allows developers to scale their decentralized applications quickly while also providing interoperability between different chains, enabling users of different chains to communicate with each other without having to go through intermediaries or use centralized services. The deployment of this new rollup was made possible due to close collaboration between Dymension, Evmos Core Development Team, Celestia, Ethermint (an implementation of Ethereum Virtual Machine), Uniswap V2 Fork, and bespoke frontend for proof of concept demonstration purposes.
Why is This Important?
This development is important because it opens up possibilities for developers who want to build scalable decentralized applications that can effortlessly connect between different blockchains without having to use intermediaries or centralized services. Additionally, from a user perspective, this makes it easier for users of different chains to interact with each other securely in an efficient manner due to improved scalability options enabled by this new development in blockchain technology.
What Does The Future Hold?
The future looks bright for blockchain technology as developments like these open up more opportunities for further innovation in this space. As more projects utilize these features provided by companies like Dymension Lab, we are likely going to see an increase in interoperable blockchains that will enable users from all around the world securely transact with each other faster than ever before!
The launch of this new IBC-enabled EVM rollup is an exciting development for both developers building decentralized applications as well as users who would benefit from enhanced scalability options enabled by such technology when interacting across different blockchains securely and efficiently!