IELE Virtual Machine

Cardano’s smart contract virtual machine

From the website:

"IELE is a virtual machine based on the research behind KEVM. As a low-level platform, IELE enables the translation and execution of smart contracts from higher-level languages with a uniform gas model across languages. As a compile target for Solidity code or integrated directly into Cardano, this can facilitate smart contract interoperability and may provide a high-assurance pathway to delivering Ethereum integration. After significant contribution to the project, IOHK has paused its collaboration on IELE to focus on other priorities for the time being , but is enthusiastic about potentially returning to the project in the future."