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Is anyone aware of any languages targeting the Racket VM? Any thoughts on whether the Racket VM would be a more pleasant VM target than, say, the JVM or the .Net CLR?

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The VM itself without the "racket is a language for building languages" thing? Not that I know of. That being said, Racket has a LOT of languages built on it.

For example, this site (Hacker News) is built in Arc, which is built on an old version of Racket.

EDIT: Also worth noting that Racket will move to an even more performant runtime (Chez Scheme) at some point in the future.

The "Racket VM" is designed from the ground up for other languages to be built on top of it (hence the #lang line at the beginning of every file) so it would likely be much better. Hackett[1] is a Haskell-like lang built on top of racket, for a nontrivial example.

[1] https://github.com/lexi-lambda/hackett

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