AppLayer Announces Record-Breaking EVM Network Launch and a $1.5 Million Reward Initiative

Panama City, Panama, May 2nd, 2024, Chainwire

AppLayer The platform has introduced an advanced infrastructure aimed at scaling Ethereum-based applications, featuring not only rapid transaction speeds but also a revolutionary perspective on Ethereum Virtual Machine (EVM) development for developers in both the DeFi and GameFi sectors.

AppLayer has built an EVM network that operates 10 times quicker than conventional Golang-based EVM networks and boasts an astonishing 65-fold increase in execution speed through C++ stateful pre-compiles. Imagine having both the quickest EVM around and the finest tools available to build upon – that’s what AppLayer delivers!

A Revolutionary Development: Stateful Pre-compiled Smart Contracts

AppLayer isn't merely about speed; it presents comprehensive composability through its groundbreaking stateful pre-compiles, which form a key aspect of this launch, enabling unparalleled processing capabilities for complex smart contracts at incredible speeds.

What does all this entail for users and developers? It's straightforward: AppLayer's network brings advanced blockchain technology directly to users. Developers are now empowered to create their own stateful pre-compiles as smart contracts, maintaining a familiar syntax akin to Solidity but enhanced with the vigorous performance of C++.

The true excitement arises from the sophisticated interactions enabled by AppLayer's Stateful Pre-compiles. No longer do Solidity smart contracts function in a vacuum; they now seamlessly interact with and enhance these ultra-efficient pre-compiles. This transformation boosts the functionality, strength, and efficiency of blockchain applications, representing a pivotal change in decentralization.

One of the most attractive features for developers is the smooth transition into this high-efficiency environment. AppLayer facilitates an easy conversion of existing Solidity code into C++ with a syntax that closely mirrors the original, unleashing the potential for developing more complex and scalable decentralized applications (dApps). This feature is crucial for blockchain initiatives facing limitations within traditional EVM settings.

AppLayer goes above and beyond by introducing rdPoS (random deterministic Proof of Stake) – a unique consensus protocol that enhances network security while ensuring ultra-efficient transaction processing. This clever combination of stateful pre-compiles and rdPoS positions AppLayer as a robust platform adept at managing high-demand and intricate applications.

Itamar Carvalho, CTO of AppLayer, commented during ETHDenver 2024, \"AppLayer isn’t just an improvement; it’s a groundbreaking shift. We’re enabling developers to create without limits, extending the boundaries of blockchain application development.\"

AppLayer stands as a beacon of innovation, redefining blockchain development standards and unlocking new opportunities in gaming, decentralized finance, and more. With its impressive blend of speed, efficiency, and support for developers, AppLayer is set to become a significant player in the blockchain arena.

Expanding EVM Frontiers with the Testnet Introduction

The upcoming milestone for AppLayer is the launch of its testnet, complete with an interactive front-end user portal slated for release in June, along with an exciting reward pool of up to $1.5 million available now. This phase invites developers to extend their Solidity code into a more powerful, scalable environment. The more creative and intricate the transactions, the bigger the incentives, nurturing an innovative and efficient ecosystem. AppLayer warmly invites developers to engage in its incentivized testnet. By implementing a distinctive rewards scheme rooted in user activity and creativity, AppLayer is cultivating a lively and inventive developer community. \"We’re eager to see the innovative projects developers will create on AppLayer. This is a fantastic opportunity to reshape the blockchain applications landscape,\" Carvalho shared.

The AppLayer testnet signifies not only a crucial moment for blockchain innovation but also a rare chance for both crypto enthusiasts and developers. Whether users are excited to uncover top-tier projects on the fastest EVM or developers are keen to construct on this groundbreaking platform, AppLayer’s testnet is their portal to fresh possibilities and rewards.

Build on the AppLayer Testnet to Access Grants

Developers are encouraged to unleash their creativity and technical expertise. Work on AppLayer, the fastest EVM network, and earn $APPL token grants as recognition for your inventive efforts.

With a total of 100 million $APPL tokens available for project allocations, the potential for rewards is considerable. Moreover, for every $APPL token allocated to users by a project, a matching amount is granted back to the project, establishing a continuous cycle of innovation and reward that persists through to the mainnet launch.

The most engaging projects with high user interaction may qualify for additional funding, encouraging not just development but also active user participation. This testnet is designed to reward creative use and encourage the development of more complex smart contracts.

For further details on the Grants Program and information on how to get involved, users can connect with the resources provided, joining this transformative chapter in blockchain development. Users can explore, innovate, and earn with AppLayer – where the blockchain future is being crafted today.

(previously known as SparqNet) offers a C++ driven Ethereum scaling solution enabling developers to deploy Solidity smart contracts alongside C++ programmed stateful pre-compiles as smart contracts. Within AppLayer, Solidity smart contracts achieve speed levels that are 10 times faster than those on Golang-based competitors, while stateful pre-compiles are an incredible 65 times swifter.

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About AppLayer:

AppLayer Blum Celebrates One-Year Milestone with ‘Best GameFi App’ and ‘Best Trading App’ Accolades at Blockchain Forum 2025

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Michael Weinrub
AppLayer