IRISHUB 2.0 Upgrade: Get Ready for EVM Integration
— As we gear up for the significant IRISHUB 2.0 milestone, we want to take you on an exhilarating tour of the most thrilling feature — EVM integration!
Dear IRISgardians,
The much-anticipated IRISHUB 2.0 mainnet upgrade is just around the corner! As we gear up for this significant milestone, we want to take you on an exhilarating tour of the most thrilling feature in this upgrade — EVM integration. In this blog post, we’ll explore what the EVM integration means for the IRISHUB ecosystem, why it’s a game-changer, and how it promises to bring IRISHUB to a new era of innovation and dApp diversity. Buckle up and let’s embark on this exciting journey together!
EVM Integration: Supercharging the IRISHUB DApp Ecosystem
In our quest to nurture a thriving dApp ecosystem and empower IRISHUB developers with a rich set of tools, we’ve made the crucial decision to integrate EVM (Ethereum Virtual Machine), the heart of Ethereum’s smart contract capabilities, into the IRISHUB 2.0 mainnet upgrade.
By incorporating EVM, IRISHUB 2.0 will be compatible with Ethereum, enabling developers to seamlessly deploy EVM-based smart contracts and dApps on IRISHUB. Furthermore, EVM’s mature, well-established ecosystem and rich resources will open up a world of diverse use cases, attracting developers and users alike to build and explore the ever-growing IRISHUB landscape. Get ready to embrace a world of possibilities!
Along with the smart contract capability, IRISHUB 2.0 also introduces ERIS for EVM transactions.
The IRISHUB 2.0 EVM has been customized to fully support EIP-1559, which means that a significant portion of gas fees consumed by smart contracts in the EVM will be burned, while the rest will be distributed as revenue to IRISHUB delegators and validators. This community-oriented approach also implies that $IRIS could enter into deflation in the event of large consumption of EVM gas (the deflation can be remedied by increasing the governance-controlled inflation parameter — 4% since genesis — one of the lowest in Cosmos), promoting mutual benefits and shared interests among all IRISHUB community members.
A Brighter Interchain Future: Enhancing IBC-based NFT Interoperability
As the Cosmos Game of NFTs unfolds, IRISHUB is poised to become one of the first mainnets to enable Interchain NFTs. This groundbreaking feature will boost NFT interoperability and unlock fresh opportunities for NFT-centric use cases and dApps. The upcoming EVM integration will pave the way toward an even broader range of application scenarios for IBC-based NFT interoperability through IRISHUB.
In the next blog post, we’ll cover more details of the IRISHUB 2.0 upgrade, including the timeline, upgrade path, precautions, and more. As always, we encourage all IRISgardians to actively build and engage with our ecosystem for a brighter Interchain future!
