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Crypto VM Competition Comes to an End
From the previous cycle of wasm, svm, MoveVM, etc., to this cycle's risc-v and others. In the previous cycle, many EVM-compatible platforms were visible, along with challengers. For example, @cosmoshub ecosystem was wavering between wasm and EVM compatibility, and @polkadot was also primarily pushing wasm in the last cycle. Recently, both teams have focused on EVM compatibility. In the financial scenario, with liquidity being paramount, it's difficult for anyone to challenge ETH's entire developer infrastructure, effectively becoming the standard, leaving small market shares to svm (Solana) and movevm (Aptos, Sui) systems. The new spark, risc-v, is still too early (including some emerging public chains layout with risc-v and some zk projects primarily based on risc-v, but most are EVM-compatible systems).
Cosmos' decision is:
- EVM as the core development support, with wasm delegated to a chain team in the ecosystem, providing partial financial support.
@Polkadot's decision is:
- 100% EVM compatibility through REVM, with PVM (risc-v vm) releasing a preview version (this is the future, not the present, a relatively pragmatic strategy. PVM's greater value, besides performance and architectural advantages, will be realized in the future if web3 non-financial scenarios flourish, not currently)
- Polkadot Hub will support 100% EVM compatibility by mid-December! Enhancing Ethereum developers' and third-party services' access to Polkadot
- Simultaneously continuing to build PVM preview support.
Main Decisions and Changes:
- Full focus on EVM compatibility based on widely used and audited REVM implementation, balancing speed and safety goals to deliver complete EVM compatibility and PVM preview support by mid-December 2025 (dual-stack compatibility with Hardhat/Foundry toolchain)
- REVM + pallet-revive: Supporting dual-stack EVM and PVM compatibility with Hardhat/Foundry toolchain
- Developers can natively deploy Solidity contracts supporting Anvil development nodes, XCM pre-compilation, cross-contract calls, and other advanced features
Roadmap:
- PVM preview first stage (Kusama) is already online
- September: Kusama launches PVM preview second stage, including ERC20 & basic XCM
- Late October: Kusama Hub launches 100% EVM-compatible REVM
- Mid-December: Polkadot Hub launches REVM and PVM preview
Partial @Polkadot information From @alice_und_bob @polkaworld_org
Propose an airdrop for Astros's detainees. Restore good order in Cosmos.
Where to propose. 🤣
Can I submit a proposal or something?
I think the new CEO is suggesting support. If they support a new chain, they'll give back Atoms, though they haven't specified whether it will be an airdrop. But the process is lengthy, and even if a proposal is submitted, I don't think it'll have immediate impact.
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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