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Zenith links Canton and Ethereum through atomic swaps

The Block
Zenith successfully completed atomic transactions between Canton and the Zenith EVM, enabling Ethereum smart contracts to interact with institutional finance.

Summary

Zenith, a blockchain execution layer for the Canton Network, has achieved a key milestone by successfully executing atomic transactions between Canton and its Ethereum Virtual Machine (EVM). This allows Ethereum-style smart contracts to work with Canton’s infrastructure, which currently processes over $9 trillion in monthly volume. The Canton Network is a Layer 1 blockchain designed for institutional finance, backed by major players like Goldman Sachs and BNP Paribas. Zenith addresses a limitation of Canton’s primary language, Daml, which is unfamiliar to most blockchain developers, by enabling the use of Solidity, the language of Ethereum. This aims to attract more Web3 developers and integrate tokenized assets from Canton into the DeFi ecosystem. Canton’s developers are also planning to integrate WebAssembly (Wasm) to support a wider range of programming languages, including Rust and Solidity, acknowledging the need for broader developer accessibility.

(Source:The Block)