(PARIS) – 2023 July 17 Throughout ETHCC23, Neon EVM launched the Solana Mainnet to assist bridge the hole between Ethereum and Solana’s totally different programming, compute, and reminiscence fashions, in addition to offering a low-friction resolution for EVM dApps to reside on Solana.
The Neon EVM software is a great contract on the Solana blockchain. It accepts packaged Ethereum-like transactions and processes them in Solana.
Previously, when EVM dApps needed to make use of low-cost options, they’d to make use of pooling or sidechaining. Utilizing Solana as a settlement layer, EVM is properly positioned to compete in opposition to such L2 options. The common transaction charge for sending ETH on the Ethereum community is ~$2. L2 presents inter 0.5-0.1 USD, saving 4-20 occasions. As compared, Solana averages transaction charges of ~0.00001 SOL ($0.0002) per transaction, a financial savings of 10,000x. Preliminary testing of Neon EVM on Devnet exhibits that the protocol turns these optimizations into follow.
“We’re very excited to see Neon EVM stay on Solana Mainnet,” says Marina Guryeva, director of the Neon Basis. “Once we repeat these exams in manufacturing, we are going to present numbers primarily based on real-world knowledge.”
The launch of Neon EVM on the Solana Mainnet prompts the Neon DAO to start out collaborating and influencing the longer term improvement of Neon EVM.
About Neon EVM
Neon EVM is an Ethereum digital machine that acts as a Solana good contract. This provides builders the ability to instantly implement Ethereum dApps with minimal code reconfiguration whereas profiting from Solana’s technical benefits. It’s designed with safety, decentralization and sustainability as the principle tenants. For extra details about Neon EVM and upcoming updates, please go to NeonEVM.org and join with the neighborhood Twitter or Discord.
Hyperlinks and sources:
- Discover the Neon EVM neighborhood Twitter or Discord
- To pick a public RPC endpoint, see Chained record
- For a high-level overview of Neon EVM’s technical structure and options, the white paper is accessible at NeonEVM.org/whitepaper.pdf
- Watch neon EVM transactions made with Solana with NeonScan or BlockScout researchers.
- IRL: Epic Layer 2 Day – An occasion for researchers, builders and fans devoted to Ethereum L2 Scaling, see lu.ma/l2paris
