The issue can be solved by a new standard based on WebAssembly (Wasm) that addresses this bottleneck in rolling out decentralized apps (dApps). But Wasm isn’t recognized by Ethereum.
In addition, Ethereum-flavored Wasm, better known as Ewasm, is a standard that is already on the Ethereum 2.0 roadmap. But while it is improving above, what options do we have to ensure compatibility between EVM and Wasm in the thousands of applications of the blockchain ecosystem?
Projects like ParaState allow the migration of non-Ethereum projects to the EVM, so compatibility with the gigantic Ethereum blockchain ecosystem is guaranteed without sacrificing the performance and speed offered by Wasm.
It is also backward compatible for developers meaning existing smart contracts built in Solidity on the Ethereum network can be implemented without alteration.
Learn more about ParaState
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.
Source: Read Full Article