🚀 Crypto AppLayer Launches Revolutionary EVM Network and $1.5 Million Incentive Program

[Undefeated_Lamba]

AppLayer has announced the launch of a groundbreaking Ethereum Virtual Machine (EVM) network, which will introduce unparalleled speed and efficiency to blockchain application development.

This network delivers lightning-fast transaction speeds and offers a new Ethereum Virtual Machine (EVM) development approach for DeFi and GameFi developers.

The platform boasts a remarkable tenfold increase in transaction speeds compared to standard Golang-based EVM networks, with an astonishing 65-fold boost in execution speed thanks to its innovative use of C++ stateful pre-compiles.

The introduction of stateful pre-compiles represents a significant advancement in blockchain technology, enabling developers to create smart contracts with enhanced functionality and lightning-fast performance. With this, the network has an unmatched ability to process complex smart contracts at unprecedented speeds.

Notably, this breakthrough allows for seamless integration with existing Solidity code while providing a substantial performance boost, paving the way for more sophisticated and scalable decentralized applications (dApps).

With this infrastructure, developers can now create their own stateful precompiles as smart contracts, with features and syntax identical to Solidity but with the added turbocharge of C++ performance.

This development was remarked by Itamar Carvalho, CTO at AppLayer, during ETHDenver 2024, saying;

“AppLayer is not just an upgrade; it’s a revolution. We’re empowering developers to build without boundaries, pushing the limits of what’s possible in blockchain application development.”

Furthermore, AppLayer’s innovative approach extends beyond speed and efficiency. The platform incorporates rdPoS (random deterministic Proof of Stake), a unique consensus mechanism to enhance network security and transaction processing efficiency. This combination of cutting-edge technologies positions AppLayer as a formidable platform capable of handling high-scale and intricate applications in sectors such as gaming and decentralized finance (DeFi).

AppLayer Reveals $1.5M Incentive Program​

In addition to the network launch, AppLayer has initiated an incentivized testnet program, offering up to $1.5 million in rewards to developers who push the boundaries of their Solidity code on the platform. The program aims to foster creativity and innovation within the developer community, encouraging the exploration of new possibilities in blockchain application development.

Developers are invited to participate in the testnet program, where they can receive $APPL token grants to recognize their contributions. With up to 100,000,000 $APPL tokens available for allocation, the potential for reward is substantial. Projects that engage users and demonstrate innovation may be eligible for additional allocations, further incentivizing development and user engagement.

According to the announcement, applications for those interested in participating in the Grants Program are now open, offering individuals the opportunity to be part of this transformative phase in blockchain development. AppLayer represents the future of blockchain technology, where speed, efficiency, and innovation converge to unlock new possibilities in decentralized application development.