Ontology releases Ethereum Virtual Machine alongside $10M developer fund » CryptoNinjas - BitcoinEthereumNews.com
Ethereumओन्टोलॉजी ने $ 10M डेवलपर फंड »CryptoNinjas . के साथ एथेरियम वर्चुअल मशीन जारी की03 / 01 / 2022बिटकॉइन एथेरियम समाचार Ontology, a blockchain network focused on decentralized identity and data solutions, today anounced the release of its Ethereum Virtual Machine (EVM). Conecting Ontology and EVM-based ecosystems will increase cross-chain interoperability, allowing EVM-based blockchain developers to migrate across ecosystems and construct apps on Ontology. EVM Developer Fund To celebrate the release, Ontology has launched a $10 million USD (ONT/ONG equivalent) EVM Fund to support developers building decentralized applications (dApps) on Ontology. As well as receiving investment and the potential to access Ontologys protocols and tools, participating projects can receive tech, marketing, and business development support. Ontology will receive equity/tokens in the projects. Ontologys EVM will reduce migration costs for developers, allowing them to enter EVM-based ecosystems on the Ontology blockchain. This will enable lower gas fees, as the Ontology EVM uses ONG as the gas fee for on-chain services, which usually costs 0.05 ONG per transaction ($0.039 USD). Developers will also benefit from faster block production. The Ontology EVM intends to facilitate the creation of privacy-preserving apps within a more mainstream developer group. These developers will be able to leverage ONTO Wallet which has a