• IOTA’s ShimmerEVM has been tested by Nakama Labs, withstanding a spam attack while achieving 700 transactions per second (TPS).
• ShimmerEVM offers efficient, fast, secure, and parallel processing of smart contracts on a scalable platform.
• Nakama Labs notes that Shimmer is a perfect fit for the Web3 ecosystem due to its unique features like L2 chains, L1-L2 connection boosting performance, and bridgeless asset transfer.
IOTA’s ShimmerEVM Tested By Nakama Labs
The IOTA Foundation has been working to bring the mainnet version of their Shimmer Ethereum Virtual Machine (EVM) to the market. To prepare for launch, the development team enlisted the help of Web3 Builder and Venture Fund Nakama Labs who conducted some tests on the beta version of the network. The test involved withstanding a spam attack which achieved peak performance of 700 transactions per second (TPS).
What is ShimmerEVM?
ShimmerEVM enables efficient, fast, secure, and parallel processing of smart contracts on a scalable platform. It utilizes L2 chains to tackle scalability issues and offer smart contract functions. Additionally it boosts network performance through anchoring between L1 and L2 allowing for more activity and enhancing decentralized app potential as well as enabling bridgeless asset transfer.
Nakama Lab’s Tweet
In its recent tweet , Nakama Labs stated that Shimmer’s capabilities are evident as it achieves a peak of 700 transactions per second (TPS), resulting in an impressive $250,000 per hour to sustain this attack on the mainnet: “We did it again: Another spam attack on #ShimmerEVM ! 👀 @shimmernet ’s prowess shines as we hit 700 TPS at its peak, translating to a staggering $250k per hour to keep up this attack on the mainnet. Devs join the battle to prep Shimme r# EVM for its launch!”
Unique Features Of Simmer
Shimer offers several unique features such as no roadblocks or limits when using their L1-L2 connections boosting network performance; support much greater L2 anchoring than standard blockchains for higher scalability; and enabling bridgeless asset transfers which makes them perfect for diverse dApps while ensuring smooth operation.
The IOTA development team has been diligently developing their Shimmer Ethereum Virtual Machine (EVM) which has already been launched as a testnet version in the market while preparing it for full launch. With these capabilities in mind, they have showcased impressive results during their testing phase proving how powerful their solution can be when dealing with scalability issues within DeFi space.