Neon EVM Unleashes on Solana Mainnet: Bridging the Gap between Ethereum and Solana
Exciting News as Neon EVM Provides Low-Friction Solutions for EVM dApps Settlement on Solana
During ETHCC23 (The Ethereum Community Conference, 2023), the highly anticipated Neon EVM was launched on the Solana Mainnet, marking a significant milestone in the world of blockchain technology. Neon EVM has successfully bridged the gap between the programming, computing, and memory models of Ethereum and Solana, offering a seamless and cost-effective solution for EVM (Ethereum Virtual Machine) dApps to settle on the Solana blockchain. This groundbreaking launch introduces a new era of efficiency and possibilities for the decentralized application ecosystem.
Let's delve into the details of this remarkable development.
Neon EVM is now live on the Solana Mainnet, offering a smart contract program that accepts wrapped Ethereum-like transactions. This revolutionary integration enables seamless and cost-effective settlement of EVM dApps on Solana, opening up new avenues for innovation in the blockchain space.
About Neon EVM
Neon EVM operates as the Ethereum Virtual Machine on Solana, providing developers with the power to deploy Ethereum dApps on Solana's platform with minimal code reconfiguration. Ensuring security, decentralization, and sustainability, Neon EVM stands as a cutting-edge solution at the forefront of blockchain technology.
One of the key highlights of Neon EVM's integration with Solana is its leverage of Solana as a settlement layer, which outcompetes expensive Layer 2 (L2) solutions. With average transaction fees of ~0.00001 SOL ($0.0002), Solana offers a remarkable 10,000 times cost-saving compared to Ethereum's ~$2 fees. This cost efficiency fosters an environment for sustainable growth and mass adoption of dApps.
Neon EVM's practicality shines through initial tests on Devnet, where its cost optimizations have been successfully validated. As Neon EVM transitions to production, users can anticipate even more impressive results based on real-world data. This tangible impact reaffirms Neon EVM's potential as a game-changer in the blockchain landscape.
Excitement for the Future
Marina Guryeva, the Director of Neon Foundation, shares her excitement for Neon EVM's launch on Solana Mainnet. This technological milestone represents a giant leap towards shaping the future of blockchain innovation and presents endless possibilities for the development of groundbreaking applications.
Neon DAO Activation & Empowerment of the Community:
With Neon EVM's launch on Solana Mainnet, the Neon DAO is activated, inviting community members to participate actively in shaping the future development of Neon EVM. This community-driven approach ensures inclusivity and collective growth in the decentralized ecosystem.
The launch of Neon EVM on the Solana Mainnet is a significant step towards bridging the gap between Ethereum and Solana, offering developers and users an array of exciting possibilities. As this revolutionary technology continues to gain traction, the future holds immense promise for blockchain innovation, making the world of decentralized applications more accessible, efficient, and sustainable than ever before.
For those eager to explore further, NeonEVM.org serves as the central hub for information and future updates about Neon EVM. Join the vibrant EVM Community on Twitter or Discord to connect with like-minded enthusiasts and stay engaged in the latest discussions and developments.
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