EOS is offering $200,000 to anyone who could make Ethereum Virtual Machine (EVM) run on EOS blockchain, NewsLogical can confirm.
Block.one, the parent company behind EOS opened the challenge to developers. The firm demanded that outstanding developers build the future of blockchain technology with an EOSIO Smart Contract.
Block.one wants interested professionals, hobbyists and developers to solve EOSIO Smart Contracts Challenge and win $200,000 by showcasing their potentials to reform technology.
The technological firm expects participants to create an EOSIO Smart Contract that has the power to “store and invoke EVM (Solidity) Smart Contracts” in an environment that resembles Ethereum’s.
“The challenge enables developers in the EOSIO, Ethereum, and wider blockchain communities to use their preferred development platforms while leveraging the benefits of EOSIO,” Block.one has indicated.
Block.one believes EOSIO has an unmatched means of processing smart contracts faster while also lowering the effect of a significant roadblock for developers.
Interested participants have a whole year to solve the challenge, however, the first to solve the problem wins the prize. The final submission date, according to the release, is February 3, 2021.
Ethereum and EOS are great competitors. Like TRON, EOS continues to hijack dapps on the Ethereum blockchain.