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DeFi News

EOS EVM v0.6.0 is Live on EOS Mainnet

This new feature is only available for EOS and USDT at the moment; more EOS native tokens are planned to be added in later updates.

Written By Jalpa Bhavsar Jalpa Bhavsar
Published October 16, 2023 1:12 PM·Updated 9 months ago
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EOS EVM v0.6.0 is Live on EOS Mainnet

The EOS network foundation has announced that EOS EVM v0.6.0 is now live, bringing several seamless interactions between EOS Native and EOS EVM.

#EOS EVM v0.6.0 is now LIVE on the EOS Network mainnet!

✅ Trustless Bridge ERC20 Support
✅ $USDT (EOS) Added to Bridge
✅ EOS EVM ↔️ $EOS Native Cross-VM Messaging and Smart Contract Execution

➡️https://t.co/m9drrhQVoC⬅️ pic.twitter.com/xyz6UhGbGK

— Vaulta (@Vaulta_) October 16, 2023

EOS EVM v0.6.0 has new features, including trustless bridge support for ERC20 tokens, USDT (EOS Native) added to the trustless bridge, and Cross Virtual Machine (VM) communication.

EOS EVM v0.6.0 maintains the platform’s full EVM compatibility while improving the trustless bridge’s functionality. The upgrade to EOS EVM 0.6.0 will open doors to USDT’s EOS Native version, which will be represented on the EOS EVM by an ERC-20 token.

Users on EOS EVM can now access USDT (EOS) without depending on third-party bridges or trust assumptions, thanks to this new feature. While this new feature is only available for EOS and USDT at the moment, more EOS native tokens are planned to be added in later updates.

One can deposit USDT to the EOS EVM by starting a token transfer for USDT to the ‘eosio.evmin’ EOS account and entering the receiving EVM public key in the memo field. Now, USDT can be added to or removed from any centralized exchange that accepts Tether for EOS Native. Binance, Bitfinex, Kucoin, MEXC, and GateIO are a few of these exchanges.

Also Read: EOS Community Urged to Reject $22M Block.one Settlement

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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