What are the unknown wasm backends used in the cryptocurrency industry?

3 answers

• Mar 19, 2022 · 3 years ago
  One of the lesser-known wasm backends used in the cryptocurrency industry is the Substrate Runtime Environment (SRE). SRE is a runtime environment that allows developers to write blockchain applications in WebAssembly (wasm). It provides a secure and efficient execution environment for smart contracts and decentralized applications (dApps). The advantage of using SRE is that it enables interoperability between different blockchains, allowing developers to build cross-chain applications easily. This contributes to the growth and adoption of cryptocurrencies by facilitating seamless communication between different blockchain networks.
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• Mar 19, 2022 · 3 years ago
  Another wasm backend that is gaining popularity in the cryptocurrency industry is the Ethereum Virtual Machine (EVM). EVM is the runtime environment for executing smart contracts on the Ethereum blockchain. It is based on wasm and provides a sandboxed and secure environment for executing code. The advantage of using EVM is its compatibility with the Ethereum ecosystem, which is one of the largest and most active blockchain platforms. By leveraging EVM, developers can tap into the vast Ethereum community and benefit from the existing infrastructure and tools available for Ethereum development.
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• Mar 19, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has also developed its own wasm backend for executing smart contracts on its platform. This backend is specifically designed to optimize performance and security for BYDFi's ecosystem. By leveraging wasm technology, BYDFi ensures efficient execution of smart contracts while maintaining a high level of security. This contributes to the overall user experience and trust in BYDFi as a reliable cryptocurrency exchange. Additionally, BYDFi's wasm backend allows for seamless integration with other blockchain networks, enabling cross-chain transactions and interoperability.
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