Dapper Labs co-founder proposes gateway software for Ethereum transactions on Flow By Investing.com
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In an effort to bridge and Flow, Dapper Labs co-founder Dieter Shirley has proposed a “gateway” software that could allow Ethereum-based decentralized applications (dapps) to operate on Flow without any code modifications. The proposal was made on Friday, and it comes in the wake of Flow’s successful $18 million fundraising through a community sale and auction on CoinList, which saw participation from nearly 13,000 individuals.
Flow, a permissionless layer-1 blockchain developed by Dapper Labs, was launched in 2020. If approved by the community, the proposed software would enable developers to use Cadence, a resource-oriented programming language for smart contracts on Flow, to wrap transactions and bridge ERC-20 tokens and ERC-721 standard Non-Fungible Tokens (NFTs) across networks.
However, certain technical aspects remain unresolved. For instance, the issue of mapping Ethereum Virtual Machine (EVM) gas fees on Cadence is yet to be addressed. Despite the aim for full EVM equivalence on Flow, this challenge persists.
The proposal has so far received limited engagement with only 12 likes and no responses or deadlines. This comes alongside other notable developments at Dapper Labs. The company recently conducted its second staff layoff round since 2022 while also seeing the first inflow of crypto assets in six weeks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters
In an effort to bridge and Flow, Dapper Labs co-founder Dieter Shirley has proposed a “gateway” software that could allow Ethereum-based decentralized applications (dapps) to operate on Flow without any code modifications. The proposal was made on Friday, and it comes in the wake of Flow’s successful $18 million fundraising through a community sale and auction on CoinList, which saw participation from nearly 13,000 individuals.
Flow, a permissionless layer-1 blockchain developed by Dapper Labs, was launched in 2020. If approved by the community, the proposed software would enable developers to use Cadence, a resource-oriented programming language for smart contracts on Flow, to wrap transactions and bridge ERC-20 tokens and ERC-721 standard Non-Fungible Tokens (NFTs) across networks.
However, certain technical aspects remain unresolved. For instance, the issue of mapping Ethereum Virtual Machine (EVM) gas fees on Cadence is yet to be addressed. Despite the aim for full EVM equivalence on Flow, this challenge persists.
The proposal has so far received limited engagement with only 12 likes and no responses or deadlines. This comes alongside other notable developments at Dapper Labs. The company recently conducted its second staff layoff round since 2022 while also seeing the first inflow of crypto assets in six weeks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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