The EOS EVM v0.6.0 Is Now Live On EOS Mainnet

TL;DR

• The ENF has announced that the EOS EVM v0.6.0 has launched on the EOS mainnet.

• The upgrade comes with certain features such as Trustless Bridge Support for ERC20 Tokens and USDT (EOS Native) Added to Trustless Bridge.

EOS EVM v0.6.0 Launches On The EOS Mainnet

The EOS Network Foundation (ENF) announced in a blog post over the weekend that the EOS EVM v0.6.0 is now live on the EOS mainnet. 

According to the team, the new update, EOS EVM v0.6.0, enhances the trustless bridge’s functionalities while keeping the platform fully EVM-compatible. Prior to this update, only EOS could traverse the trustless bridge.

Thanks to this latest development, there are smart contracts deployed on both EOS EVM and EOS Native to support two-way token bridging of altcoins. This widens the horizon to the EOS Native version of USDT, which will be represented by an ERC-20 Token on the EOS EVM.

This new feature allows users on EOS EVM access to USDT (EOS) without relying on any trust assumptions or 3rd party bridges, the ENF added.

Furthermore, smart contracts on EOS EVM and EOS Native can now call smart contracts on the opposite virtual machine, enabling new use cases that extend the functionality of EOS EVM that leverage the strengths of both Ethereum and EOS virtual machines.

The ENF also explained that depositing USDT to the EOS EVM can be done by initiating a token transfer for USDT (tether) to the ‘eosio.evmin’ EOS account with the receiving EVM public key in the memo field.

In addition to this, USDT can now be deposited and withdrawn to and from any centralized exchange that supports Tether for EOS Native. These exchanges include Binance, Bitfinex, Kucoin, MEXC, and GateIO.

Finally, users can now withdraw USDT (EOS) from EOS EVM to EOS Native using the trustless bridge frontend.