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Algorand
$0.85698 -12.67%
ALGO · 4w

Layer 2 solution for EVM-compatibility on Algorand?

One of the most common criticisms of Algorand is the lack of Ethereum Virtual Machine (EVM) compatibility, instead having Algorand Virtual Machine that has some advantages over EVM. However, it means slower and more difficult adoption of existing Ethereum ecosystem, thus many Algorand competitors have more advanced ecosystem for now. What do you think of layer 2 blockchain on Algorand that supports EVM? Layer 2 solutions are popular on Ethereum, mostly for solving scalability problem (Matic, Loopring). As for Algorand, layer 2 solution that supports EVM would make it closer to existing Ethereum ecosystem.
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