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On July 17, 2023, throughout ETHCC23, Neon EVM launched on the Solana mainnet to assist shut the hole between the completely different programming, computing and reminiscence fashions of Ethereum and Solana, bringing a low-friction resolution to permit EVM DApps to settle to Solana.
The Neon EVM program is a brilliant contract on the Solana blockchain. It accepts wrapped Ethereum-like transactions and processes them on Solana.
Beforehand, when EVM DApps wished to leverage low-cost options, that they had to make use of a rollup or sidechain. Through the use of Solana because the settlement layer, an EVM is well-placed to outcompete such layer two options.
The common transaction charge for sending ETH on the Ethereum community is roughly $2.00. The layer twos supply between $0.1 and $0.5 a saving of 4 to twenty instances.
As compared, Solana’s common transaction charges are roughly $0.0002 (0.00001 SOL) per transaction 10,000 instances saving.
Preliminary exams of Neon EVM in Devnet exhibit that the protocol interprets these optimizations in follow.
Marina Guryeva, director of Neon Basis, mentioned,
“We’re very excited to see Neon EVM stay on Solana mainnet. As soon as we repeat these exams in manufacturing, we are going to current the figures based mostly on the real-world information.”
With the launch of Neon EVM on the Solana mainnet, the Neon DAO is activated to start collaborating in and influencing the long run improvement of Neon EVM.
About Neon EVM
Neon EVM is an Ethereum digital machine working as a wise contract on Solana.
It provides builders the facility to straight deploy Ethereum DApps with minimal reconfiguration to the code, whereas benefiting from Solana’s technical benefits.
It’s constructed with safety, decentralization and sustainability as core tenets.
For extra details about Neon EVM and future updates, go to NeonEVM.org, and join with the neighborhood on Twitter or Discord.
Hyperlinks and sources
- Discover the Neon EVM neighborhood on Twitter or Discord
- To decide on a public RPC endpoint, see ChainList
- For a high-level overview of the technical structure and options of Neon EVM, the whitepaper is offered right here
- View Neon EVM transactions settled to Solana with the NeonScan or BlockScout explorers
- IRL Epic Layer Two Day, an occasion for researchers, builders and fans devoted to Ethereum layer two scaling ee extra right here
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