Findora Adds Ethereum Compatibility

September 22, 2021 inDeFi Spotlight, News, Technical Updateby Findora

Developers can now deploy smart contracts on Findora Devnet via the Ethereum Virtual Machine (EVM) 

Developers can now deploy smart contracts via the Ethereum Virtual Machine (EVM) on the Findora Developer Network (Devnet), which is running Findora v0.3.0. This EVM compatibility marks a major milestone towards introducing privacy for EVM smart contracts using the Findora open-source cryptographic library of zero-knowledge proofs, multi-party computation, and related privacy systems.

Smart Contracts, DApps, ERC-20 Tokens, and ERC-721 NFTs on Findora

With the v0.3.0-beta release on Findora Devnet, developers can now deploy smart contracts on Devnet via the Ethereum Virtual Machine (EVM) and build trustless bridges between Findora and Ethereum compatible networks. Findora Devnet is a public staging network that runs the latest upcoming beta releases for developers to test before deployment on Anvil Testnet and Mainnet Beta. 

The Findora EVM is based on the Frontier Ethereum compatibility layer — part of Polkadot’s Substrate framework. Therefore, smart contract programming languages such as Solidity, tools such as Remix IDE & Truffle, as well as token specifications such as ERC-20 & ERC-721 found in the EVM platform are all compatible with the Findora EVM. 

Findora EVM compatibility means that developers can use Findora to: 

  • Deploy Ethereum pre-compiled smart contracts using Solidity
  • Build and deploy DApps using Ethereum tools, such as Truffle
  • Issue and transact with ERC-20 compatible tokens
  • Build trustless bridges with Ethereum and ERC-20 compatible networks
  • Create Non-Fungible Tokens (NFTs) using the ERC-721 standard

With the v0.3.0-beta release on Devnet, Findora’s native FRA token will also be compatible with the ERC-20 standard, which means FRA can be used in MetaMask to access the growing Ethereum DeFi ecosystem of DApps, Automated Market Makers (AMMs), and DecentralizedExchanges (DEXs).

The Findora EVM implementation not only signals a formal entry point for Findora into the DeFi market, but a long-term commitment to layer-one cross-chain interoperability with other ecosystems through trustless bridges. 

Looking Ahead

The next major milestone for Findora, which will be a major advancement for the entire crypto industry, is to introduce privacy for EVM smart contracts using the Findora open-source cryptographic library of zero-knowledge proofs, multi-party computation, and related privacy systems. 

As institutions continue to build out their DeFi strategy, there will be a growing need to make smart contracts more private using zero-knowledge proofs, which can protect user privacy and competitive intelligence.

Get Involved

Developers are invited to start building DeFi projects on Findora Devnet, and contributing to the various open source repositories available on GitHub. Grants are also available to developers via the Findora Foundation.

If you are a developer that is interested in building on, or contributing to Findora, then read the documentation, and join the Discord channel for more information.