A New EVM Chain refers to a blockchain network that is compatible with the Ethereum Virtual Machine (EVM) and has recently been launched or is in development. EVM compatibility allows existing Ethereum smart contracts and decentralized applications to be deployed and operated on these new chains with minimal modifications. This facilitates interoperability and enables developers to leverage established tools and infrastructure. Such chains aim to offer enhanced scalability, lower transaction costs, or specialized functionalities.
Context
The emergence of new EVM chains is a constant development in the broader digital asset ecosystem, driven by the demand for more efficient and diverse blockchain environments. News frequently reports on the launch of these chains, their unique features, and their potential to attract users and developers from the Ethereum ecosystem. Competition among these chains centers on factors like transaction fees, processing speed, security, and developer support.
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