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
Canada extends crypto compliance deadline to the end of 2024, giving exchanges more time to…
This article will explore which cryptos are considered securities, and how you can navigate the…
Score a 50% bonus on BDAG purchases! Explore how BlockDAG's presale exceeded $77M, delve into…
This is the most thrilling time for every crypto enthusiast, and for good reason, there…
Spot Bitcoin ETF inflows hit $494 million on September 27 with over $1 billion this…
Binance founder CZ marked his return to social media with a tweet greeting the crypto…
This website uses cookies.
