The IOTA Foundation proudly announces that a security check was passed with top marks as part of the integration of the Ethereum Virtual Machine. However, this has been known for weeks. Other details are still open.
IOTA wants to generate attention for the planned integration of the Ethereum Virtual Machine (EVM) and published a progress report via X and a blog post yesterday (Wednesday). According to the report, the security firm Tokyo has extensively tested the EVM and smart contracts on IOTA for bugs and practicality and subsequently awarded the top score of 100 out of 100 points.
The catch is that the linked report by Zokyo dates back to March and had already been praised by IOTA Foundation CEO Dominik Schiener, among others. According to the information available, what IOTA wants to sell as news and progress is just a rehashing of an old story.
When Schiener posted about the IOTA security check of Zokyo on X in March, this was interpreted as the last piece of the puzzle before the EVM was activated. After all, Schiener had promised this for the 1st quarter. As is well known, nothing came of this and now, at the end of May, there is still no new target date for the public EVM debut on IOTA. Investors and the community are eagerly awaiting IOTA’s EVM because they hope it will provide fresh impetus for the ecosystem. The Ethereum Virtual Machine is a standard module in the crypto industry and enables use cases ranging from decentralized finance (DeFi) to blockchain gaming.
The EVM has been active in the IOTA side project Shimmer (SMR) since last fall, but has found few users and little interest. Skeptics also see the planned IOTA EVM as potentially overrated – after all, more than 150 other crypto projects and currencies, some of them very large, have already integrated the EVM.
Conclusion: IOTA does not learn from its mistakes – EVM is the latest example
Our archive contains a number of texts on IOTA and misleading promises, botched schedules and poor communication policies. The IOTA Foundation’s elegantly packaged recent report on the EVM security check fits in here, as it attempts to sell old wine in new bottles. However, the crucial question of when the IOTA EVM will finally be activated and with which partners remains unanswered. Behind the scenes, the IOTA Foundation is probably worried about a false start for the EVM, as the technological requirements for the launch have long since been met.
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