BTC

$66794.868

0.55%

ETH

$3104.32

0.63%

BNB

$576.356

-0.72%

XRP

$0.521

-0.22%

Blockchain

Neon Labs Plans To Release EVM On Solana On December 12

November 7, 2022 - Around 2 mins mins to read
On December 12, Neon Labs intends to introduce a layer of Ethereum-based smart contracts onto the Solana blockchain.
Neon Labs Plans To Release EVM On Solana On December 12

Neon Labs’s implementation will be a Solana-based smart contract platform that enables the deployment of Ethereum-based apps, which has not previously been available on the network. The current Solana smart contract framework is incompatible with the EVM.

Therefore, it is not viable to create Ethereum applications on Solana. Neon hopes to alter that by leveraging the computational layer and development tools already existing on Ethereum, hence lowering the barrier to entry for Ethereum developers interested in expanding to Solana.

The Neon EVM solution, which enables programmers to create Ethereum applications on top of Solana, seeks to add support for the Ethereum Virtual Machine (EVM).

Neon Labs raised $40 million from investors, including Jump Capital, IDEO CoLab Ventures, and Solana Capital last year.

Aave, Curve, and Sobal, three well-known Ethereum-based applications, are getting ready to launch on Neon EVM once its mainnet launch goes live.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

EVM

Neon evm

Neon Labs

Solana

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Neon Labs Plans To Release EVM On Solana On December 12

On December 12, Neon Labs intends to introduce a layer of Ethereum-based smart contracts onto the Solana blockchain.
Neon Labs Plans To Release EVM On Solana On December 12

Neon Labs’s implementation will be a Solana-based smart contract platform that enables the deployment of Ethereum-based apps, which has not previously been available on the network. The current Solana smart contract framework is incompatible with the EVM.

Therefore, it is not viable to create Ethereum applications on Solana. Neon hopes to alter that by leveraging the computational layer and development tools already existing on Ethereum, hence lowering the barrier to entry for Ethereum developers interested in expanding to Solana.

The Neon EVM solution, which enables programmers to create Ethereum applications on top of Solana, seeks to add support for the Ethereum Virtual Machine (EVM).

Neon Labs raised $40 million from investors, including Jump Capital, IDEO CoLab Ventures, and Solana Capital last year.

Aave, Curve, and Sobal, three well-known Ethereum-based applications, are getting ready to launch on Neon EVM once its mainnet launch goes live.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Visited 84 times, 4 visit(s) today