(PARIS) – July 17, 2023 – Throughout ETHCC23, Neon EVM launched on the Solana mainnet to assist bridge the hole between the completely different programming, compute, and reminiscence fashions of Ethereum and Solana, offering a low-friction resolution to allow EVM dApps to settle in Solana.

The Neon EVM program is a great contract on the Solana blockchain. It accepts enveloped Ethereum-like transactions and processes them on Solana.

Beforehand, when EVM dApps wished to benefit from low-cost options, that they had to make use of a rollup or sidechain. Through the use of Solana as a settlement layer, an EVM is properly positioned to outperform these L2 options. The typical transaction payment for sending ETH on the Ethereum community is round $2. The L2 provide between $0.5 to $0.1, a saving of 4 to twenty occasions. By comparability, Solana’s common transaction payment is round 0.00001 SOL ($0.0002) per transaction, which is 10,000 occasions the financial savings. The primary assessments of Neon EVM in Devnet display that the protocol interprets these optimizations into follow.

“We’re very excited to see Neon EVM stay on Solana Mainnet,” says Marina Guryeva, director of the Neon Basis. “As soon as we’ve got repeated these assessments in manufacturing, we’ll current the numbers primarily based on actual knowledge.”

With the launch of Neon EVM on the Solana mainnet, the Neon DAO is enabled to start taking part and influencing the long run improvement of Neon EVM.

About Neon EVM

Neon EVM is an Ethereum digital machine operating as a wise contract on Solana. It provides builders the ability to immediately deploy Ethereum dApps with minimal code reconfiguration, whereas having fun with the technical benefits of Solana. It’s constructed with safety, decentralization and sustainability as anchor tenants. For extra info on Neon EVM and future updates, go to NeonEVM.org and join with the neighborhood at Twitter Or Discord.

Hyperlinks and sources:

• Discover the Neon EVM neighborhood on Twitter Or Discord
• To decide on a public RPC endpoint, see StringList
• For a high-level overview of Neon EVM technical structure and performance, the white paper is offered at NeonEVM.org/whitepaper.pdf
• see neon EVM transactions settled at Solana with the NeonScan Or block scout explorers.
• IRL: Epic Layer 2 Day, an occasion for researchers, builders and fanatics devoted to Ethereum L2 Scaling, see: lu.ma/l2paris