Ethereum layer 2 AventusNetwork is prepping for a launch on Polkadot with a funding boost from ScytaleVentures. IanAllison123 reports
late last year, much of it from community-based crowdloans that staked tokens behind a slew of startups.
As well as exploring decentralized finance and more, Ethereum bridges and connectivity solutions already exist within the Polkadot system; one of the first and most high-value parachain auctions was won by Moonbeam, for instance, which brings Ethereum Virtual Machine compatibility to Polkadot. There’s an important distinction between the two projects, said Aventus CEO Alan Vey, since Moonbeam is more focused on general-purpose computing, while Aventus is “a bit more of a walled garden, a more performant environment, but less general-purpose.” It may be one of Polkadot’s first takes on “enterprise blockchain.”
Moonbeam allows users to write smart contracts and deploy the same kind of code that runs on Ethereum. “With Aventus, you can’t do that, you need to build what are called ‘pallets,’ which are essentially code that the whole network has to approve before it’s deployed,” said Vey. “So it’s two different technical ways of coming at the same solution.”
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