Neon-EVM revolutionizes decentralized applications: New solution closes the gap between Ethereum and Solana

Von Krypto News Österreich

neon-EVM starts in Solana Minnes and closes the gap between Ethereum and Solana

During the ETHCC23 conference, Neon-EVM started in the Solana Mainnet to close the gap between the various programming, computer and memory models from Ethereum and Solana. Neon-EVM offers a smooth solution that enables EVM-Dapps to settle at Solana.

The Neon EVM program is a smart contract on the Solana blockchain. It packs Ethereum-like transactions and wraps them on Solana.

So far, EVM-Dapps that wanted to use inexpensive solutions had to use a rollup or a side cechain. By using Solana as a layer, an EVM is well positioned to exceed such L2 solutions.

In the Ethereum network, the average transaction fee for sending ETH is about $ 2. In comparison, L2 solutions offer a saving of $ 0.5–0.1 per transaction, i.e. 4 to 20 times.

The average transaction fees of Solana, on the other hand, are only about 0.00001 SOL (0.0002 USD) per transaction, which corresponds to a saving of 10,000 times. Initial tests from Neon EVM in Devnet show that the protocol puts these optimizations into practice.

"We are very happy to see Neon EVM Live Live in Solana Mainnet," says Marina Guryeva, director of the Neon Foundation. "As soon as we repeat these tests in production, we will present the numbers based on real data."

With the introduction of Neon EVM in Solana Mainnet, the Neon Dao is activated to take part in Neon EVM and influence its future development.

neon EVM is an Ethereum virtual machine that acts as a smart contract on Solana. It enables developers to provide directly Ethereum Dapps with minimal new configuration of the code and at the same time benefit from the technical advantages of Solana. The main motifs of Neon EVM are security, decentralization and sustainability.

Further information on Neon EVM and future updates can be found at neonevm.org and network with the community on Twitter or Discord.