Trust EVM —The Official EVM on DPoS blockchain EOS.
For a better acquaintance with Trust EVM, we have answers to top 8 frequently questions updated. This is Q&A part II. Please refer this link for Trust EVM Q&A (Part I). Ask questions in our community any time if you have any question.
The questions include:
- When will Trust EVM be launched?
- What are the differences between Trust EVM and Telos EVM?
- How do the EOS token holders benefit?
- How can I start my Trust journey?
Question#5
When will Trust EVM be launched?
- Stage 1: March 28th ~ Apr 18th.
Preview version for developers and professional users has been launched.
- Stage 2: Jun 27th ~ July 11th.
Jungle testnet version for regular users will be launched.
- Stage 3: Sep ～ Oct.
Trust EVM will be deployed on mainnet, and token will be launched on Launchpad.
- Stage 4: Oct ～ Nov.
More ecosystem DApps will be launched on mainnet, and Hackthon program will start.
Question#6
What are the differences between Trust EVM and Telos EVM?
Although Telos EVM was launched much earlier, it did not work with full RPC compatibility. Trust EVM will be more advantaged for its fully RPC compatibility at launch.
Telos core developer group has been actually working hand-in-hand with Matias (EVM+ technical lead) and his team. The architectures of Trust EVM and Telos EVM are similar. We share a lot of resources, technologies and experiences in some respects, such as the same core protocol.
Question#7
How do the EOS token holders benefit?
- The barriers on register account will be reduced for higher adoption rate.
Users are allowed to hold and transfer token by using Ethereum public keys and Metamask. They don’t have to register EOS accounts which seemed complex. Metamask can be interoperable with EOS network contract and EVM contract written in Solidity so that EOS network adoption rate will be enhanced.
- Trust EVM ecosystem growth can be healthy.
It will have its own ecosystem funding and developer incentives that do not rely on EOS inflation for its own ecosystem growth.
- Trust EVM will contribute to increase ecosystem diversity.
As the largest blockchain developing system, Solidity has a large amount of tools, open source codes, code libraries and SDKs which can be used on Trust EVM with full RPC compatibility. Trust EVM developers will have chances to get funding of Pomelo and EOS Network Foundation Grant Framework which were built on EOS. More users and developers will be onboard, and more DApps will be deployed on EOS network.
The Yield+ group seeks to find solutions for EOS network on liquidity. The group will offer incentives to existing DeFi projects and open-source codes in Solidity. Those projects and codes can be cloned, then forked or expanded to EOS network with lowest costs. So we can deploy new projects quickly. Most of the budget can be used on marketing and community rather than building costs of projects.
- Millions of daily transactions will be added to the EOS network.
All transactions that happened on Trust EVM require EOS for the underlying CPU resources, which increases overall network activity/demand and the amount of EOS flowing into REX.
- EOS TVL will increase by DeFi stimulation
With increases in market value and adoption rate of Trust EVM (token: EVM), shared liquidity between EVM token and EOS will be locked in AMM.
Question#8
How can I start my Trust journey?
Trust EVM testnet is currently under preview version for developers. There are still a lot of improvements on the way but the entire system is mostly working. To try everything on Trust EVM:
• Connect to the network with your favorite wallets.
• Get some test tokens from the faucet.
• Make some transfers.
• Set up IDEs to play with smart contracts.
Thanks to the high API compatibility of Trust EVM, most popular wallets and IDEs could work on Trust EVM seamlessly.
Necessary information for connecting to testnet such as Endpoints and Block Explorer can be found here.
To explore the Trust EVM possibility better, we need help from you, the community. If you have great ideas, solutions to some long standing problems, or just a small utility suggestion, you are welcome to join us for a better metaverse!
Website of Trust: https://trust.one/
Twitter of Trust: https://twitter.com/trustevm
Discord of Trust: https://discord.com/invite/v6ewc37FaK
Telegram of Trust: https://t.me/TrustEVMDev
