Neon Labs has announced the launch of the closed beta version of Neon EVMβ, an Ethereum Virtual Machine running on Solana that enables Ethereum developers to scale and access liquidity using Ethereum tools. This launch marks a significant milestone in the Neon EVM roadmap. #NEON #ETH #SOLANA
About Neon EVMβ:
Neon EVMβ is a fully functional Neon EVM that provides free transaction support. All Neon EVM transactions are placed on Solana's L1 and require payment in SOL, Solana's native token, similar to any Solana transaction. However, in the newly launched beta version, the NEON token is not required by the Proxy Operator who accepts and finalizes the transaction request. Neon EVM is a frictionless solution that enables Ethereum dApps to operate on Solana, bridging the gap between these two prominent blockchains.Neon EVM enables Ethereum developers to leverage the low fees, high transaction speeds, and parallel processing capabilities of the Solana network. #EVM
Advantages of Neon EVM:
Neon EVM resolves Solana's incompatibility with EVM, addressing the issue that has led multi-chain dApp developers to avoid this chain. It aims to make Solana, one of the fastest-growing chains, a viable option for multi-chain developers. Neon EVM and Communication Service Providers encompass more actors within the Neon EVM ecosystem beyond the players who accept and validate transaction requests. DAOs, oracles, indexers, wallets, multisigs, bridges, discovery tools, and more are part of the Neon EVM ecosystem. #Mainnet
Closed Beta and Future Stages:
Neon EVMβ offers the opportunity to deploy and test their services to all stakeholders before the official launch of the Solana Mainnet, ensuring smooth integration of their services. The closed beta allows ecosystem players to integrate and test their services through controlled stages by the Neon EVM team. The first stage involves incorporating infrastructure components, while the second stage accepts dApps and tests wallet integration.
In Summary:
The closed beta version of Neon EVMβ represents a step forward for Neon Labs in providing scalability and liquidity to Ethereum developers through Neon EVM running on Solana. This solution bridges the gap between Ethereum and Solana, enabling the advantages of the Solana network, such as low fees, high transaction speeds, and parallel processing capabilities. During the closed beta stage, Neon EVMβ offers invited participants the opportunity to test transactions, while future stages will focus on further integration and acceptance of dApps within the Neon EVM ecosystem. $ETH $SOL
