AppLayer Unveils Fastest EVM Network and $1.5 Million Network Incentive Program – Blockchain News, Opinion, TV and Careers

adminMay 2, 2024

Panama City, Panama, May 2, 2024, Chainwire

AppLayer has unveiled the fastest and most powerful infrastructure for scaling applications based on Ethereum, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds, but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers. .

AppLayer provides an EVM network that is 10x faster than standard Golang-based EVM networks, and delivers an even more impressive 65x execution speedup with C++ stateful pre-compilation. Imagine having both the fastest EVM in the game and the best tools to build on top of it. This is what AppLayer offers!

Game Changer: Precompiled Stateful Smart Contracts

Not only does AppLayer deliver powerful speed, but it also allows for comprehensive composability through groundbreaking stateful pre-compilation, the cornerstone of this release, giving you the unparalleled ability to process complex smart contracts at unprecedented speeds.

But what does this mean for regular users and developers? It’s simple. AppLayer’s network puts the power of advanced blockchain technology at users’ fingertips. Developers can now create their own stateful precompilations with smart contracts that use the same functionality and syntax as Solidity, but with added C++ performance.

The real excitement comes from the complex operation of the AppLayer network using this stateful pre-compilation. Solidity smart contracts no longer operate independently, but interact with and build on top of these ultra-fast precompilations. This brings significant changes to the decentralized environment by increasing the sophistication, performance, and efficiency of blockchain applications.

The best part for developers is that the transition to this high-performance environment is easy. AppLayer allows developers to easily convert existing Solidity code to C++ using nearly identical syntax to unlock the potential of more complex and scalable dApps. This feature is especially important for blockchain projects that face performance limitations in traditional EVM environments.

AppLayer takes this further with rdPoS (Randomized Deterministic Proof of Stake), a unique consensus mechanism that ensures highly efficient transaction processing while enhancing network security. The unique combination of stateful precompilation and rdPoS makes AppLayer a powerful platform perfect for handling large-scale, complex applications.

Itamar Carvalho, CTO of AppLayer, said at ETHDenver 2024: “AppLayer is not just an upgrade. It is a revolution. “We are pushing the boundaries of blockchain application development by enabling developers to build without boundaries.”

AppLayer is a testament to innovation, redefining the standards of blockchain development and breaking new ground in the gaming sector, decentralized finance, and more. With its combination of speed, efficiency, and developer-friendly features, AppLayer is poised to become a leader in the blockchain space.

Expanding EVM horizons with testnet launch

The next exciting step for AppLayer is testnet deployment, with the front-end user portal completed in June and now eligible for up to $1.5 million in incentives. This step pushes developers to extend the boundaries of their existing Solidity code into a more robust and scalable environment. The more unique and complex the transaction, the greater the reward, creating a creative and efficient ecosystem.

AppLayer is now inviting developers to its incentivized testnet. AppLayer fosters a vibrant and innovative developer community through a unique rewards system based on user activity and creativity.

“We’re excited to see what developers build on AppLayer. This is an opportunity to change the landscape of blockchain applications,” Carvalho said.

The AppLayer testnet is not only a pivotal moment in blockchain innovation, but also presents a unique opportunity for cryptocurrency enthusiasts and developers alike. Whether you want to explore cutting-edge projects on the fastest EVM, or you are a developer looking to build on this innovative platform, AppLayer’s testnet is your gateway to opportunity and rewards.

Unlock grants by building on the AppLayer testnet

Developers, on the other hand, are invited to bring their creativity and technical skills to the forefront. Build on AppLayer, the fastest EVM network, and receive $APPL token grants in recognition of your innovative contributions.

With up to 100,000,000 $APPL tokens available for project allocation, the reward potential is significant. Additionally, for every $APPL token a project distributes to its users, an equal amount will be granted back to the project, creating a cycle of innovation and rewards that will continue until mainnet launch.

The most engaging and interactive projects are eligible for additional allocations, encouraging user participation as well as development. This is a testnet that rewards utility and creativity to drive more unique and complex smart contracts.

For more information about the grant program and how to participate, users can fill out an application to participate in this innovative phase of blockchain development. Users can discover, build, and profit through AppLayer, where the future of blockchain is being shaped today.

Introduction to AppLayer:

AppLayer (formerly SparqNet) is a C++-based Ethereum extension solution that allows developers to deploy Solidity smart contracts and C++ programmed stateful pre-compilations as smart contracts. In AppLayer, Solidity smart contracts are 10x faster than competing networks based on Golang, and stateful pre-compilation is 65x faster.

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