Home Altcoin Neon EVM Launches on Solana Mainnet

Neon EVM Launches on Solana Mainnet

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Neon EVM Launches on Solana Mainnet

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Paris, France


On July 17, 2023, throughout ETHCC23, Neon EVM launched on the Solana mainnet to assist shut the hole between the totally different programming, computing and reminiscence fashions of Ethereum and Solana, bringing a low-friction answer 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, they’d to make use of a rollup or sidechain. By utilizing 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 provide between $0.1 and $0.5 a saving of 4 to twenty occasions.

As compared, Solana’s common transaction charges are roughly $0.0002 (0.00001 SOL) per transaction 10,000 occasions saving.

Preliminary exams of Neon EVM in Devnet reveal that the protocol interprets these optimizations in follow.

Marina Guryeva, director of Neon Basis, stated,

“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 primarily based on the real-world information.”

With the launch of Neon EVM on the Solana mainnet, the Neon DAO is activated to start taking part in and influencing the longer term improvement of Neon EVM.

About Neon EVM

Neon EVM is an Ethereum digital machine working as a wise contract on Solana.

It offers builders the ability to instantly 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 group on Twitter or Discord.

Hyperlinks and assets
  • Discover the Neon EVM group 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 obtainable 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 lovers devoted to Ethereum layer two scaling – see extra right here
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