What is Neon EVM?
Acting as a bridge, Neon EVM seamlessly connects Ethereum applications to operate on Solana's structure, bridging a critical divide.
With Neon EVM, Ethereum's developers can leverage Solana's benefits, which include its low-cost transactions, rapid processing times, and capability to manage multiple transactions concurrently.
Despite Solana's status as one of the swiftest evolving blockchains, its previous lack of EVM compatibility meant that it was missing out on substantial assets and users—until now.
Neon EVM's innovative approach represents a much-needed enhancement within Solana's ecosystem, making it a practical choice for developers building across multiple chains while maintaining transaction settlements on Solana.
What is Neon EVM closed beta?
Unveiling its closed beta iteration, Neon EVM comes in with a game-changing feature: transaction processing with zero fees.βEvery transaction gets reliably finalized onto Solana's L1, adhering to the network's procedures. In this test phase, NEON tokens aren't necessary for Proxy Operators to confirm and finalize transaction requests.
Neon EVMβThe Neon EVM framework encompasses numerous components, like DAOs, oracles, indexers, and more. This collaborative ecosystem encourages thorough testing before the full rollout on Solana's Mainnet.
Choosing a direct mainnet launch over a forked shadow mainnet allows contracts to maintain their addresses, streamlining and benefiting the testing process significantly. require payment in Sol The closed beta’s phased launch approach allows Neon EVM to carefully manage resources and verify services incrementally, from infrastructure to applications and wallet connectivity.
Why launch in beta?
Limiting access to invitees only helps in managing the budget, even as Solana charges fees despite the Proxy Operators' fee waivers. It also mitigates unpredictable costs that an open beta might incur.βPost testing and market introduction of NEON tokens, Neon EVM will transition to its regular function. Proxy Operators like P2P and Everstake will handle transaction processing once more.
Currently deployed on Solana's Mainnet at address NeonVMyRX5GbCrsAHnUwx1nYYoJAtskU1bWUo6JGNyG, its usage remains restricted to invitees during this closed beta period.
Why launch in closed beta?
To connect with us and engage with supporters, visit our platforms to meet our steadfast community members. For an in-depth understanding, access our whitepaper or follow network activities through settled transactions.
Oliver Dale, the Editor-in-Chief of Blockonomi and founder of Kooc Media, champions open-source and blockchain, enjoys vast recognition in financial and tech publications. Reach out at [email protected].
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All rights are reserved by the registered company under No.05695741. Twitter and join Neon EVM’s very active Discord Blockfresh is the hub for all things Crypto, NFT, and Metaverse-related updates. NeonEVM.org/whitepaper.pdf Navigate the site by typing your query and pressing Enter to search, or hit Esc to cancel. NeonScan dashboard.
