Title sponsorship of Token 2049, EOS announces the upcoming launch of high-performance Trust EVM
As an Ethereum Virtual Machine based on the EOS network, Trust EVM allows developers to deploy projects on Ethereum-compatible chains and benefit from the high throughput, high scalability, high security, and low transaction costs brought by the EOS network.Author: Trust EVM
In 2022, Web3 is developing rapidly. With blockchain technology making its way into fintech transformation and business empowerment, Web3 is having an immeasurable impact on the world. Against the backdrop of significant turmoil in global capital markets, we see the profound business transformations that Web3 is about to bring, as well as the opportunities for business empowerment in the new blockchain era.
From September 28 to 29, the largest Web3 summit in Asia, TOKEN2049, was held in Singapore. As one of the most important events in the crypto space in 2022, Token2049 gathered countless entrepreneurs, investors, developers, industry enthusiasts, and global media from the crypto industry. Trust EVM, together with the EOS Network Foundation, became the Title Sponsor of Token2049, making it an unparalleled opportunity for Trust EVM to meet community members and various investment institutions and investors.
As an Ethereum Virtual Machine based on the EOS network, Trust EVM allows developers to deploy projects on Ethereum-compatible chains and benefit from the high throughput, high scalability, high security, and low transaction costs brought by the EOS network. The sub-second block speed and 600+ SPS performance of Trust EVM will make it the best-in-class and most powerful EVM on the market, and the EVM runtime is fully compatible with applications in the EOS ecosystem.
The following are highlights of Trust EVM at the TOKEN2049 summit, divided into four main themes:
- The EOS Network Foundation and Trust EVM booth was well-received by visitors.
- Yves La Rose, founder and CEO of the EOS Network Foundation, shared his strategic vision for future development.
- Trust EVM - an enterprise-level EVM based on Antelope.
- The official launch date of Trust EVM.
1. The EOS Network Foundation and Trust EVM booth was well-received by visitors
Our booth was located at P4, right in the center opposite the main stage. The booth was well-designed with a forward-thinking theme, featuring prominent black and white lines, and the logos of the EOS Network Foundation and Trust EVM were very visible.
Trust EVM booth location
On-site photos
An endless stream of visitors
A community member being interviewed
Yves La Rose, CEO of the EOS Network Foundation, was communicating with investors at the booth.
Meanwhile, we also designed exquisite custom gifts for users who completed tasks on-site.
Participants actively engaged in on-site activities
2. Yves La Rose was invited to participate in two discussions, delivering strategic speeches on future development
"We are actively embracing the future, allowing others to see the power of software and to have it within the ENF, just like EVM. I think this is very important, but this is just the first step of a long march. In the future, we will see the infinite power contained within this, and more people will realize that this is real, and everyone can access other resources for help, effectively opening the door to the future world."
------Yves La Rose
Yves La Rose, CEO of the EOS Network Foundation, introduced the new EOS and shared his insights on the future development of Web3 and crypto assets. Today, the EOS Network Foundation has reached a milestone on the path to the new EOS. Trust EVM is one of its core pillars, as it will bring endless diversity to EOS.
On September 28, Yves La Rose participated in the thematic sharing titled "Reclaiming Power: Community Takeover Brings EOS Independence."
On September 29, Yves La Rose participated in a roundtable discussion themed "Scaling Blockchain: Building a Decentralized Economy."
3. Trust EVM - an enterprise-level EVM based on Antelope
The sub-second block speed and 800+ SPS performance of Trust EVM will make it the best-in-class and most powerful EVM on the market, and the EVM runtime is fully compatible with applications in the EOS ecosystem. Thanks to its high compatibility, Ethereum native applications can also be seamlessly migrated to Trust EVM, allowing developers to deploy their Solidity smart contracts using the same Ethereum tools.
The inherent performance advantages of Trust EVM from EOS include: extremely low Gas costs, high performance, and high security. Its core value can be summarized in the following key points:
(1) High Performance - Trust EVM will maximize the performance advantages of EOS
In addition to having the high TPS characteristics of EOS, Trust EVM will also focus on SPS.
Trust EVM has already achieved over 800 SPS.
Low latency is essential for providing an excellent experience for Web3 users.
(2) Fully Compatible with EVM
- For users: Easy to create and access accounts; users only need to use an EVM-compatible wallet without needing to create an EOS account.
- For developers: Familiar coding languages and tools ensure convenience and uniformity in development.
(3) The usability of EOS is unquestionable, so we will also trust EVM.
(4) EOS has a 0.5s block time advantage over other chains
Since 2018, optimizations have been made to address issues such as slow speeds and high miner fees in blockchain 2.0, achieving high concurrency and high scalability, marking a new era for blockchain, with EOS being the most representative. EOS has a block time of 0.5 seconds, meaning that a transaction can be recorded on the blockchain in just 0.5 seconds, not considering network conditions.
4. Official Launch Date of Trust EVM
It is worth noting that the Trust EVM mainnet, originally scheduled for release in the fourth quarter of 2022, will now be adjusted to launch in the first quarter of 2023. The main reason for this adjustment is that the Trust team aims to include more performance optimizations and an additional feature regarding block time in the first version of the mainnet. This decision has received unanimous support from the EOS Network Foundation, investors, nodes, and on-site community members.
As previously mentioned, since Trust EVM is based on Antelope, the transaction confirmation for Trust EVM will follow the block time of 0.5 seconds of the Antelope network. This sets an upper limit for the block time of the EVM system as viewed from the client side. Achieving a block time of 0.5 seconds is one of the goals of Trust EVM and is also an advantage of Trust EVM compared to other projects.
To achieve this goal, in addition to necessary performance optimizations, it is also essential to map Antelope blocks to EVM blocks. The most direct method of mapping is to generate one EVM block for every constant number of Antelope blocks. Trust EVM has implemented a 10:1 mapping in the testnet, which is why the testnet has a 5-second block time. However, this design has a significant issue: Ethereum timestamps only have a precision of 1 second. This means that Trust EVM must break Ethereum's timestamp rules (the timestamp of a block must be greater than the timestamp of its parent block). Although this violation may not cause significant issues in practical applications, it is still a major compatibility concern.
To address this issue, the new design of Trust EVM is to use timestamp mapping instead of block mapping. The main idea of the design is that the EVM chain produces one block per second. If Antelope produces more than two blocks within one second, all blocks will be used to assemble an EVM block. If no Antelope block is generated in the second process, an empty EVM block will be created. If unavailable elsewhere, the block height can be calculated from the timestamp.
This design has the following advantages:
- Using time as the basis for determining block height eliminates the need to store EVM block IDs somewhere or to expose Antelope block heights to the VM. The Antelope-VM needs to know the EVM block height to process EVM contracts. In the block mapping model, we either store this number somewhere or calculate it from Antelope's block height. The former introduces a lot of additional overhead and is clearly not a good approach. The latter seems good but violates Antelope's design philosophy: the VM should not be aware of block heights. At the strong suggestion of Antelope developers, we adopted the timestamp model to resolve these issues.
(2) It allows changes in the frequency of Antelope block production without worrying about disrupting the Trust EVM system. If Antelope optimizes and changes block production speed in the future, Trust EVM will be able to transition smoothly. The block mapping model could lead to many issues in this case.
- It allows us to easily adjust this model to accommodate other optimizations, such as using multiple blocks sharing the same timestamp to increase throughput.
After considering all the points mentioned above, Trust EVM decided to use the timestamp mapping model. Whether we ultimately decide on a 1-second block time or a 0.5-second block time, this new model is more flexible and more conducive to further performance optimizations. With the help of Antelope developers, Trust EVM is working to transition from the block mapping model to the timestamp mapping model.
The Trust EVM mainnet will officially launch in the first quarter of 2023, and this decision has received unanimous support from the EOS Network Foundation, investors, exchanges, key nodes, and many community members.
Finally, thank you to all members and friends for your efforts during this event.
A one-minute video takes you through the highlights of this exhibition.
About Trust EVM:
As the EVM layer of EOS, Trust EVM will directly connect the "meridians" of EOS, integrating high-performance, high-availability, and high-efficiency EOS with the vast development and user base of EVM ecosystem resources, including Ethereum and all EVM-compatible chains (such as Polygon, BSC, etc.). Through Trust EVM, all EVM-based digital assets and decentralized innovative applications will connect and thrive within the EOS ecosystem.
