Telos to Support Ethereum-Compatible Smart Contracts on Its Network

Telos, currently ranked the second-most active blockchain worldwide, is set to enable developers to create and run Ethereum-compatible smart contracts without transaction fees.

Telos is a smart contract platform that supports the creation of decentralized applications and decentralized autonomous organizations running on EOSIO, the software underlying the EOS blockchain.

As of June 18, the network has launched an Ethereum Virtual Machine (EVM) on its testnet, in what is apparently the first implementation of EVM on an EOSIO blockchain.