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+# Backward Compatibility
+The current approach to achieving backwards compatibility with EVM1 is to
+support both of the instruction sets with the option to transcompiling EVM1 to 
+EVM2. This approach gives clients optionality when dealing with EVM1 code.
+A client can either implement only a WASM VM and transcompile all of the EVM1
+code. Or a client can implement a wasm VM and EVM1 VM and leave the old code as
+is.
+
+## Gas Prices
+In eWASM we will introduce sub-gas units so that each EVM1 opcode's
+transcompiled equivalent ewasm's gas cost is less then the original EM1 opcode's
+cost. The fee schedule for eWASM is yet to be specified.
+
+## Identification of code
+We assume there is some sort of code handler function that all clients have 
+implemented. The code handler identifies the instruction Set type by whether it
+starts with WASM's magic number (0x6d736100) or not.
+
+## Solidity
+Support of compiling to eWASM can be accompilshed by adding a new backend to
+the solidity compile. eWASM support for Solidity is part of the MVP.
+
+## Transcompiler
+A post-MVP goal is to have the transcompiler it self become a contract by
+compiling it to wasm. Once this is accomplished, EVM1 contracts created by 
+the CREATE op will be transcompiled to eWASM. This will also allow us to assume
+that all EVM1 code is now transcompiled eWASM code, which should be reflected
+in the state root since the has of the code is stored in the Merkle trie. Note:
+this should still allow clients to fallback to EVM1 VMs if running EVM1 code.