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Title: Breaking Data Silos, Statter Network Establishes Multi-chain Aggregation Ecosystem

 New York, United States, 22nd Jan 2024 - West Haverstraw, New York, Ethereum, the first blockchain to fully support programmable, decentralized applications(dApps) and smart contracts. As its network effects have continued to grow, it has driven the broad adoption of smart contracts. Smart contracts, initially implemented on Ethereum, have since given birth to decentralized applications(dApps) such as Compound, MakerDAO, Uniswap, and EtherDelta. The emergence of these dApps has pioneered a new approach to financial services based entirely on blockchain infrastructure.The Ethereum Virtual Machine(EVM), a powerful software ecosystem for implementing smart contracts on the Ethereum network, is a meticulously designed decentralized Turing-complete virtual machine and a core component of the Ethereum network. The primary task of the EVM is to process and execute smart contract transactions on the Ethereum network, ensuring their safe and efficient operation. In the list of top ten chains ranked by Total Value Locked(TVL), over half are compatible with the Ethereum Virtual Machine(EVM). The so-called "EVM compatibility" refers to a blockchain's ability to write and execute smart contract code and run the EVM. This characteristic allows developers to easily deploy existing smart contracts on EVM-compatible chains without the need to make any modifications to the code. Due to the ability of EVM-compatible chains to integrate with the Ethereum network, it provides a convenient platform for developers. This allows them to effortlessly develop and deploy their own decentralized applications not just on Ethereum but also on EVM-compatible networks. As the demand for Ethereum smart contracts continues to rise, the limitations of Ethereum in terms of computational per...

This press release is issued by King Newswire